- NWSA witnessed a modest increase of 0.4% in TEUs.
- February container volumes reached 226,603 TEUs.
- Alaska volumes saw a modest increase of 1%.
In February, the Northwest Seaport Alliance (NWSA) witnessed a modest increase of 0.4% in Twenty-foot Equivalent Units (TEUs) compared to the same period in 2023, reports NWSA.
Auto Units
Year-to-date, auto units surged impressively by 20.6%.
Vessel Calls
Vessel calls at the NWSA surged by 10% in February and by 13% year-to-date, contributing to a six-month growth streak in full international exports, which rose by 9.7% over February 2023.
International Trade Trends
Full International Exports: Continuation of a six-month growth streak with a significant increase of 9.7% over February 2023.
Full International Imports: Experienced a decline of 1.5%, resulting in a total international volume decrease of 0.5%.
Container Volumes: February container volumes reached 226,603 TEUs, marking a 0.4% increase over February 2023.
Year-to-Date Volume Comparisons: Declined marginally by 0.2% to 437,887 TEUs. Notably, full imports showed a slight increase, while full exports recorded a notable growth of 14.2%.
Strategic Initiatives and Partnerships: Agricultural Exports via Rail Service
Since 2018, the NWSA has been actively pursuing a strategic initiative to boost agricultural exports through an Inland Rail Hub Initiative. Noteworthy achievements include the successful launch of the Minot Intermodal Facility at the Logistics Park of North Dakota in 2020, a partnership involving Rail Modal Group, the Minot Area Chamber EDC, and the BNSF Railway.
Domestic Trade Trends
Domestic Container Volume: Witnessed a slight decline of 0.6% year-to-date in 2024 compared to the same period in 2023.
Alaska and Hawaii Volumes: Alaska volumes saw a modest increase of 1%, while Hawaii volumes experienced a notable decrease of 7.9%.
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Source: NWSA
