Northeastern US Ports See Dip in Market Share

Northeastern US Ports See Dip in Market Share

Northeast U.S. ports saw their share of container traffic in the second quarter of 2013 dip 1.5 percentage points year-over-year among major ports on the east coast of the U.S. and Canada. Mid-Atlantic and Southeastern U.S. ports, as well as Canadian east coast ports, all picked up a piece of the share during the past year, data from the individual ports indicate.

North American East Coast Regional Market SharesNorth American East Coast Regional Market Shares

Volume through the major U.S. East Coast ports totaled 3.75 million 20-foot-equivalent units in the quarter, up 0.8 percent from 3.72 million a year earlier and climbing 4.2 percent from the first quarter of 2011. U.S. ports dominated the market share of total east coast port traffic with an 89.3 percent share of the market during the second quarter of 2013, but lost three-tenths of a percentage point year-over-year.

The Port of New York and New Jersey continued to see the highest throughput volume in the second quarter, 1.35 million TEUs, but this level reflected a 3.5 percent decline in volume and the steepest drop in market share of all East Coast ports. New York-New Jersey’s share has fallen 1.5 percentage points since the second quarter of 2012, to 32.1 percent, pulling down the overall Northeast region. The Northeast also saw a 1.5 percentage point drop in its market share, slipping from 34.8 percent in the second quarter of 2012 to 33.3 percent in the second quarter of 2013.

Boston’s market share remained flat at 1.1 percent in the second quarter. Its volume edged down 0.6 percent to 47,223 TEUs.

North American East Coast Port Market SharesNorth American East Coast Port Market Shares

The mid-Atlantic ports, including Baltimore and Virginia, experienced the largest increase in market share during the second quarter of 2013. Virginia’s share jumped from 12.4 to 13.0 percent year-over-year and climbed from 11.6 percent in the second quarter of 2011. Volume also rose 5.8 percent to 546,602 TEUs in the past year. Baltimore’s market share reached 4.2 percent, while its TEU volume rose 4.0 percent to 174,667. As a result, the mid-Atlantic region’s market share rose 0.7 percentage points, from 16.5 percent in the second quarter of 2012 to 17.2 percent in 2013.

Southeastern U.S. ports saw growth, with the exception of the Port of Miami. Overall market share of these ports grew 0.6 percentage points, from 38.3 to 38.9 percent of the overall east coast market. The market share of Charleston grew four-tenths of a percentage point year-over-year to 9.5 percent. Charleston’s volume increased roughly 6 percent to 399,118 TEUs in the second quarter. Jacksonville’s volume climbed 3.7 percent to 228,780 TEUs, bringing up its market share by one-tenth of a point to 5.4 percent. Savannah’s share rose three-tenths of a percentage point to 18.7 percent; its volume increased almost 3 percent to 786,258 TEUs this quarter. Miami lost three-tenths of a percentage point in market share, dropping to 5.2 percent, and its container volume saw the steepest decline among the east coast ports, dropping 4.9 percent to 218,697 TEUs.

Halifax and Montreal, the major east coast Canadian ports, saw throughput volume totaling 450,148 TEUs in the quarter, up 3.7 percent year-over-year and 0.2 percent from the second quarter of 2011. The overall market share of Canada’s east coast container ports rose slightly year-over-year to 10.7 percent in the quarter, the same market share that they had in the first quarter of 2013.

Halifax saw the largest jump in TEU volume on the North American east coast, up 9.7 percent to 111,712 containers. Its market share inched up by 0.2 percentage point year-over-year to 2.7 percent. Montreal’s market share increased 0.1 percentage point in the second quarter, to 8.1 percent, as its volume rose roughly 2 percent to 338,436 TEUs.