- The ports of Corpus Christi, Texas, and New Orleans reported increased cargo volumes in February, driven by various factors including container exports of plastic resins, chemicals, and shipments of crude oil.
- New Orleans witnessed an 11% year-over-year rise in container volumes, while Corpus Christi maintained its momentum with a 1% increase in total shipments, particularly in the crude oil sector.
The Port of New Orleans recorded an 11% year-over-year increase in container volumes during February, reaching 42,760 twenty-foot equivalent units (TEUs). Notable contributors to this growth were shipments of plastic resins, chemicals, coffee, furniture, and wood products. Despite a decline in breakbulk cargo, the port saw a significant uptick in activity compared to January 2024, particularly driven by steel imports from Asia and natural rubber from Southeast Asia.
Rail Operations and Schedule Reliability
While the port experienced a 28% year-over-year decrease in Class I rail car switches, its overall container volumes for the fiscal year are up by 13% compared to the previous year. Port officials highlighted the improved vessel schedule reliability in East Coast South America services, contributing to enhanced operational efficiency. Moreover, a notable increase in the movement of empty containers into the port supports shippers requiring containers for outbound shipments.
Port of Corpus Christi Maintains Steady Growth
The Port of Corpus Christi witnessed a marginal 1% year-over-year increase in total shipments during February, with crude oil shipments totaling 9.83 million tons. While exports of crude oil experienced a modest uptick, imports saw a significant 38% year-over-year increase. Bulk grain shipments surged by 329% year-over-year, indicating a diversified cargo portfolio. Breakbulk shipments also recorded substantial growth, highlighting the port’s resilience amidst changing market dynamics.
Sector-Specific Performance and Barge Calls
Despite a 6% year-over-year decrease in petroleum shipments, the port reported notable increases in bulk grain and breakbulk cargo volumes. Chemical cargo volumes also saw a modest 5% year-over-year rise. Liquid bulk shipments experienced a decline, while barge calls witnessed a slight decrease compared to the previous year. Overall, the Port of Corpus Christi demonstrated resilience and adaptability in managing diverse cargo categories amidst evolving market conditions.
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Source: Freight Waves
