The first quarter of 2024 presents a dynamic market overview across various regions. The Port of Los Angeles outpaced its neighboring Port of Long Beach on the West Coast, showcasing an annual growth of 19.3% from March 2023.
On the East Coast, the Port of Savannah continues its upward trajectory with an 18.5% increase compared to March 2023. Meanwhile, in the Gulf Coast region, container flows surged in ports such as Houston, New Orleans, and Mobile, although exports experienced a decline in Corpus Christi.
The Inbound Ocean TEUs Volume Index (IOTI) for all U.S. ports indicates a significant uptick of 23% compared to the previous year, suggesting a potential for sustained import strength in the coming months.