North America Port Watch March 2016
- 1. West Coast sees double digit growth North America Port Watch, March 2016 LEADING PORTS IN NORTH AMERICA CONTAINER VOLUMES (TEUs) • Compared to last year’s rocky start, container volumes at the major North American ports started the year with double digit growth as January cargo traffic grew significantly compared to 2015. • Total TEU (twenty-foot equivalent units) volumes grew 11.6% year-over-year with inbound loaded containers up 22.2%. • On a rolling 12-month basis, total container volume grew 6.0% with loaded imports up 11.4%. • CBRE Research monitors TEU volume activity at the 13 largest ports in the U.S., Canada and Mexico and reports on the monthly and annual trends. Collectively, these ports represent approximately two thirds of total North American volume. 1 3.6 million 2.2 million March 2016 CBRE Research © 2016 CBRE, Inc. | 1.4 million
- 2. March 2016 CBRE Research © 2016 CBRE, Inc. | 2 NORTH AMERICA PORT WATCH Figure 1: Rolling 12 Month TEU Volume and Change Source: CBRE Research, port authorities for each port. SEATTLE/TACOMA6.4% CHARLESTON 8.3% LA/LONG BEACH 4.9% NEW YORK/NEW JERSEY 10% West Coast Port Year-over-Year Change East and Gulf Coast Port
- 3. March 2016 CBRE Research © 2016 CBRE, Inc. | 3 NORTH AMERICA PORT WATCH Figure 2: January 2016 TEU Volume Figure 3: 2016 Rolling Twelve Month Total Rank Port Coast Month Total TEUs Loaded Inbound TEUs N.A. U.S. 2016 Y-o-Y Change 2016 Y-o-Y Change 1 1 Los Angeles W Jan 704,398 33.0% 367,209 41.7% 2 2 Long Beach W Jan 536,188 24.8% 278,491 30.3% 3 3 New York & New Jersey E Jan 477,905 3.2% 247,129 5.0% 4 4 Savannah E Jan 285,297 -2.8% 129,554 1.1% 5 5 Northwest Seaport Alliance W Jan 257,349 16.5% 108,441 32.9% 6 Vancouver, Canada W Jan 251,730 4.9% 135,478 2.8% 7 Manzanillo, Mexico W Jan 207,074 -5.1% 66,606 3.2% 8 6 Port of Virginia E Jan 192,844 0.4% 84,186 5.6% 9 7 Oakland W Jan 191,155 38.5% 77,637 75.8% 10 8 Houston G Jan 156,787 -7.0% 65,196 -7.2% 11 9 Charleston E Jan 145,092 -5.1% 66,295 1.8% 12 Montreal, Canada E Dec 119,049 8.8% 57,071 n/a 13 Lazaro Cardenas, Mexico W Jan 84,377 8.2% 35,164 6.8% All Major Ports Jan 3,609,245 11.6% 1,718,457 22.2% Major West Coast Ports W Jan 2,232,271 20.4% 1,069,026 29.1% Major East Coast Ports E Jan 1,220,187 0.8% 584,235 14.9% Major Gulf Coast Port G Jan 156,787 -7.0% 65,196 -7.2% Rank Port Coast 12 mos Through Total TEUs Loaded Inbound TEUs N.A. U.S. 2016 Y-o-Y Change 2016 Y-o-Y Change 1 1 Los Angeles W Jan 8,335,396 1.9% 4,267,460 2.4% 2 2 Long Beach W Jan 7,298,768 8.6% 3,690,089 6.9% 3 3 New York & New Jersey E Jan 6,386,623 10.0% 3,227,174 9.5% 4 4 Savannah E Jan 3,729,045 10.3% 1,624,019 18.1% 5 5 Northwest Seaport Alliance W Jan 3,565,952 6.4% 1,335,068 11.5% 6 Vancouver, Canada W Jan 3,067,307 5.3% 1,546,037 3.6% 7 6 Port of Virginia E Jan 2,550,118 5.5% 1,086,975 5.8% 8 Manzanillo, Mexico W Jan 2,444,603 2.2% 758,819 n/a 9 7 Oakland W Jan 2,330,616 -0.2% 877,700 7.4% 10 8 Houston G Jan 2,118,673 8.5% 834,402 11.1% 11 9 Charleston E Jan 1,965,380 8.3% 708,240 0.0% 12 Montreal, Canada E Dec 1,446,075 3.1% n/a n/a 13 Lazaro Cardenas, Mexico W Jan 1,065,151 6.9% 460,154 18.7% All Major Ports Jan 46,303,707 6.0% 20,416,137 11.4% Major West Coast Ports W Jan 28,107,793 4.5% 12,935,327 12.3% Major East Coast Ports E Jan 16,077,241 8.5% 6,646,408 9.7% Major Gulf Coast Port G Jan 2,118,673 8.5% 834,402 11.1% Source: CBRE Research, port authorities for each port.
- 4. Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE. NORTH AMERICA PORT WATCH OUTLOOK