ONE Is First in Norfolk, For Now, as China Volumes Decline — Panjiva


ONE Is First in Norfolk, For Now, as China Volumes Decline

Corp - Ports 661 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container handling through Norfolk and its sister Virginia ports reached a record 270.5k TEUs in October after rising 1.9% on a year earlier. Yet, that was helped by empty container shipments following the prior months storms, with underlying traffic actually having fallen by 0.7% on a year earlier. A 3.5% drop in inbound traffic from China was a major culprit, particularly given in total ports across the U.S. saw a 16.1% increase. Ocean Network Express (ONE) bucked the trend with a 91.6% jump in volumes shipped to the port from China at the expense of a 35.0% slump in shipments by Maers...

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