UPS Down in Virginia, Exports Have Worst Month Since 2009 — Panjiva
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UPS Down in Virginia, Exports Have Worst Month Since 2009

Corp - Forwarders 347 Corp - Ports 909 Corp - Shipping 1026 Mode - Containerized 1524 Mode - Seaborne 1845 U.S. 5399

Container handling through the Port of Virginia had a poor start to 2017 after volumes fell 4% on a year earlier in January, the first substantive decline in 18 months. The main culprit was a 15% slump in exports – the worst performance since July 2009. Further disruptions are possible as new capacity is installed.  Import growth also slowed, and became more reliant on China (6% higher) and the EU (up 5%) after shipments from Singapore and Brazil dropped. There’s also been a marked rebalancing between the logistics firms servicing the ports. Hapag-Lloyd and CMA-CGM (up 24%) pulled ahead ...

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