According to the latest McCown report, import container throughput fell 5.5% in September. This is a decline not seen since the early stages of the pandemic and is larger than the 0.3% seen in the previous month July and 0.6% in August.
"West Coast ports led to that overall decline with a drop of 17.0%, which is one of the steepest declines in years," the report said. Before that, the decline was 11.5% in August and 5.1% in July.
While port congestion figures continue to improve, the East Coast shift for US imports has increased. Output increased 6.6% for East Coast and Gulf Coast ports, led by New York and Houston ports. The report said concerns about labor unrest on the West Coast could be to blame for the shift to the East Coast.
September marked the 16th consecutive month where East and Gulf ports outperformed West Coast ports in growth rates. Los Angeles was the weakest port in September, down 26.3 percent year-over-year. Houston, Charleston and New York were the fastest growing ports.
“Given signs of slowing output, the final quarter of 2022 is likely to show lower import volumes than the previous quarter,” the report said.
While this report does not address the underlying causes of the drop in container throughput, other market reports have pointed to inflation in advanced economies and low consumer confidence as negative factors polarity with respect to container volume. For the United States in particular, many reports cited high retailers' inventories as another reason for the drop in output.
Orient Overseas (International) Limited, the parent company of shipping line OOCL, has announced its full-year business results for 2022, with revenue of 19.82 billion USD and profit before interest and tax (EBIT) of 10,089 billion USD.
In fact, for a long time, Vietnam has been interested in regional planning, not only provinces, but also districts have industrial zone planning... However, the capacity to implement economic clusters is only limited to the idea. ideas, planning, not succeeding in practice.
The information in the first 10 days of March 2023 shows that the slight improvement in the air transport market as production in China has increased again, but demand in ASEAN and neighboring markets remained weak as most industries saw a sharp drop in export orders from the EU-US market bloc. Along with China's efforts to restore production, e-commerce and a more vibrant global travel season from the second quarter are expected to reinforce the optimistic signals for the global aviation market
Following the internal activities of the business, in this March, Glotrans celebrated the birthdays of employees of Glotrans offices throughout the system.
On March 14, 2023, Glotrans Hanoi participated in the talk show "Logistics internship" with students of Faculty of Economics in collaboration with Logistics Club of Hanoi College of Technology.
Bringing in the desire to reach the international level, Glotrans constantly strengthens the building of cooperation relationships with partners around the globe in many different ways. In which, it is impossible not to mention joining the world's leading organizations in transportation, especially becoming a member of WCA.
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