October 1, 2022 07:11

Empty Containers Leaving US Ports Spike

Photo by Timelab Pro/Unsplash
Photo by Timelab Pro/Unsplash

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Less Demand for Trade from US Affecting Container Fees

According to Marketwatch Data, comparing the data of the last 3 years in empty containers leaving US ports went from 37.8% in 2019 to 46.2% in 2020, and an estimated 12.1 million boxes through the October 2021 at 59% have left empty.

This has caused rates to rise in freight in vessels traveling between the US-Asia route as more goods are imported into the US than out and empty containers must be brought back to Asia to fill and return.

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