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September sees a 12% YoY dip in cargo at South Carolina Ports with retailers adjusting to the change.
September didn't bring great news for the South Carolina Ports Authority. There was a notable 12% decrease in cargo volumes from the previous year. With only 199,208 total TEUs processed, it marked a dip even from the month before, when 203,169 total TEUs were reported in August.
Fast Facts:
Why the Decline?
The broader U.S. port industry is bracing for a not-so-busy peak season. One of the reasons? A dwindling consumer interest and a slightly muted U.S. economy. But this isn't just a one-off observation - the port operator had hinted at this trend just last month.
Retailers Adapt:
On the brighter side, retailers seem to be adjusting well. As the holiday shipping season nears, they appear to have streamlined their inventory. This comes from the National Retail Federation's CEO, Matthew Shay, who recently mentioned that the inventory-to-sales ratios are back to their pre-pandemic days. He optimistically remarked that the industry seems more prepared for the post-holiday season this time around.
Source: Supply Chain Dive
The Port of Los Angeles hit record volumes in July as shippers raced to beat tariff deadlines
Tariff pressure shifts freight to major U.S. ports as importers turn to supply chain finance. Smaller ports and key sectors face mounting strain.
Port of Los Angeles sets June cargo record amid tariff-driven frontloading, with forecasts warning of steep drop post-August.
Port of Los Angeles cargo volumes fell 5% in May due to rising tariffs.
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