ONE Tops The Chart in Norfolk as China Traffic Collapses — Panjiva
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ONE Tops The Chart in Norfolk as China Traffic Collapses

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

The Virginia Port Authority, centered on Norfolk, reported a 4.8% year over year drop in container handling in March, a turnaround from growth of 4.8% on average in the prior three months. A drop in imports was to blame, including a 23.6% slump in shipments from China. Most of the container-lines saw a contraction in their inbound traffic from China including a 19.7% decline for CMA-CGM. Ocean Network Express meanwhile was an outlier with a 60.0% surge as it introduced new and improved services. That rate may accelerate in the coming months as the carrier had significant IT problems in A...

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