News ID: 66517 |
Publish Date: 12:20 - 17 July 2016

US box ports lose market share to rivals

US PORTS continued to lose market share to competitors in Mexico and Canada last year as shippers and forwarders sought alternative, less-disrupted North American gateways.

US box ports lose market share to rivals According to MANA, While total North American container traffic grew by a modest 1.6% to 40.6m teu in 2015, Mexican ports handled 5.1% more inbound and outbound containers while Canadian ports saw growth of 4.1%. In contrast, US ports handled just 0.8% more containers last year.
US ports still had a market share of 78.5% last year, handling 31.9m teu, but that compares with 79.1% in 2014. In contrast, the market share of Canadian ports rose from 11.7% to 12% or 4.9m teu, while Mexican ports saw their share of the total increase from 9.2% to 9.5% or 3.8m teu.
The port which experienced the fastest growth last year was Mexico’s Altamira, with volumes up 16% to 519,011 teu, while Canada’s Prince Rupert saw growth of 14.3% to 589,523 teu.
US west coast ports all suffered in 2015 from weeks of disruption, which often left ships anchored outside the harbour waiting for a berth to come clear.
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