International
US Imports Sink In September, Suffer Steepest Drop Since 2020 Lockdowns
US Imports Sink In September, Suffer Steepest Drop Since 2020 Lockdowns
By Greg Miller of FreightWaves
First came the pullback in spot shipping…

By Greg Miller of FreightWaves
First came the pullback in spot shipping rates from their historic peak. Then came reports of plunging Asian bookings and mass retail order cancellations, with spot rates falling even faster. Now, all of this is finally showing up at America’s ports.
According to Descartes, which aggregates U.S. Customs data, inbound volumes to all U.S. ports totaled 2,215,731 twenty-foot equivalent units in September. That’s down 11% year on year and 12.4% from August.
Last month’s imports came in below September 2020 levels, albeit still up 9% from September 2019, pre-COVID. Imports this September were down 15.5% versus May, the month inbound volumes hit an all-time high, according to Descartes data.
September’s 313,311-TEU decline versus August was the steepest month-to-month drop recorded by Descartes since the 364,454-TEU plunge in February 2020 versus the month before, back when Chinese authorities first locked down Wuhan.
“We’ve had a pretty significant correction here,” said Chris Jones, executive vice president of industry and services at Descartes Systems Group, in an interview with American Shipper on Monday.
This is normally the time of year when imports seasonally decline — but not by this much. “There was an inflection, and it was a big one,” he said. “In some respects, this is not inconsistent with other years [pre-COVID]. It’s just more severe.”
If the usual seasonal pattern holds true from here, Jones added, imports “should slow down for the rest of the year.”
Descartes: Imports decline on all three coasts
This summer, overall U.S. imports remained stubbornly high, hovering near record levels even as West Coast volumes declined. West Coast losses were offset by East and Gulf Coast gains, reportedly due to shippers shifting cargoes eastward due to fears of West Coast peak season congestion and labor unrest.
Ports on all three coasts saw volumes drop versus August, according to Descartes. Most surprisingly, it found that imports fell 21.5% in Savannah, Georgia, from 285,341 TEUs to 223,966 TEUs.
Savannah, along with New York/New Jersey, has been one of the big winners of the eastward shift. Savannah posted record imports in August. It has had the country’s longest queue of waiting ships for months. As of Monday, ship-position data showed 35 ships still waiting. The presence of so many vessels offshore confirms there is no shortage of cargo waiting to be unloaded in Savannah, so how could its import numbers fall so steeply in September?
The answer appears to be: Hurricane Ian. Official Savannah numbers have yet to be released. A spokesperson for the Georgia Ports Authority (GPA) told American Shipper: “September volume was impacted due to Hurricane Ian and the suspension of vessel service for roughly three days. GPA has since been accommodating that volume, which will be reflected in October numbers.”
Meanwhile, official data released Tuesday by South Carolina Ports conflicts with Descartes data. South Carolina Ports said loaded imports were up 16% year on year in September, implying that Charleston import volumes were flat versus August, whereas Descartes said they fell 6.5% month on month.
Data from PIERS also conflicts with Descartes. PIERS data shows only a 0.8% year-on-year decline in U.S. imports in September, and an 8.2% sequential drop in September versus August.
Supply chain crunch not over yet
According to Descartes, U.S. imports from China totaled 820,329 TEUs in September, down 22.7% year on year and 18.3% versus August. Declines from China accounted for 61.5% of last month’s drop compared to the month before.
“If you think about the lockdowns in China, some of those things have now had a chance to flush themselves out and you now see that in the numbers,” said Jones, noting the lag effect between the lockdowns and the import decline. “These Chinese numbers are way down.”
Commenting on the timing of the September plunge, Jones pointed to multiple lag effects between initial demand weakness and import data weakness, ranging from lags on the origin side to those at America’s ship queues. “Imports are a completely lagging indicator because of the lead times,” he emphasized. “These supply chains are so extended.”
Supply chain crunch not over yet
Declining import volumes should give terminals breathing room to clear out more containers from their yards in the months ahead. Even so, Jones agreed that “it’s too soon to declare victory” when it comes to the supply chain crunch.
Imports and consumer spending are still above pre-pandemic levels. Rail congestion remains high. Both import and empty container levels at terminals remain elevated.
As of Monday morning, there were still 103 container ships waiting offshore of North American ports. Waiting times off East and Gulf Coast ports remained over 10 days in September, according to Descartes. Meanwhile, there has yet to be a breakthrough in the West Coast port labor negotiations and the new rail labor contract still requires approval. (One union has just rejected the proposal.)
The complexity of the situation makes it very difficult for U.S. retailers and importers to plan ahead. “There’s too much and not enough,” said Jones. “Things like personal gaming systems come in the door and they’re out the door, while you have seasonal [goods] where you just get crushed.”
Overall, “consumption has not slowed down as much as people thought,” he continued. Importers “have to make bets and the longer the lead time [due to supply chain delays] the less accurate” those bets turn out. As a result, he said, “we’ll see some cases where too much inventory shows up and others where you can’t get enough of what you need.”
International
Poland, Austria, & Czechia Introduce Temporary Border-Checks With Slovakia To Curb Illegal Migration
Poland, Austria, & Czechia Introduce Temporary Border-Checks With Slovakia To Curb Illegal Migration
Authored by Thomas Brooke via Remix…

Authored by Thomas Brooke via Remix News,
Poland, Austria and Czechia will all introduce random checks at the countries’ borders with Slovakia from midnight on Wednesday following an influx of illegal immigration.
Temporary checks will be conducted along the length of the border for an initial 10-day period until Oct. 13.
They will focus specifically on road and railway border crossings, although, pedestrians and cyclists may also be asked for documentation. Anyone within the vicinity of the border may be requested to identify themselves.
“The numbers of illegal migrants to the EU are starting to grow again,” said Czech Prime Minister Petr Fiala following the announcement. “We don’t take the situation lightly.”
“Citizens need a valid passport or identity card to cross the border,” the Czech Interior Ministry added.
The Czech policy would also be adopted by neighboring Austria, the country’s Interior Minister Gerhard Karner confirmed.
Poland had already announced its intention to reintroduce checks on the Slovak border with the number of migrants along the Balkans migration route continuing to surge. Prime Minister Mateusz Morawiecki said last week he was “instructing Minister of Interior Mariusz Kamiński to check on buses, coaches, and cars crossing the border when it is suspected there could be illegal migrants on board.”
“In recent weeks, we detected and detained 551 illegal migrants at the border with Slovakia. This situation causes us to take decisive action,” Kaminski added.
Slovak caretaker Prime Minister Ludovit Odor acknowledged the growing issue of illegal migration in his country but insisted that the problem needs a European solution rather than individual nations restricting border access.
He claimed that the decision by the three neighboring countries had been fueled by the Polish government, which is involved in a tightly contested election campaign, with Poles heading to voting booths on Oct. 15.
“The whole thing has been triggered by Poland, where an election will soon take place, and the Czech Republic has joined in,” Odor said.
Slovakia revealed last month that the number of illegal migrants detained by its authorities this year had soared nine-fold to over 27,000. The majority of detainees comprise young men from the Middle East using the Balkan migratory route through Serbia as they seek to migrate to northwestern Europe.
The winner of Sunday’s general election in Slovakia, former Prime Minister Robert Fico, has vowed to tackle the issue more robustly by promising to reintroduce border checks with neighboring Hungary.
“It will not be a pretty picture,” Fico told journalists as he threatened to use force to dispel illegal migrants detected on Slovak territory.
International
EU Wants To Pay Off Hungary To The Tune Of €13BN So Orban Doesn’t Veto Ukraine Aid
EU Wants To Pay Off Hungary To The Tune Of €13BN So Orban Doesn’t Veto Ukraine Aid
Hungary’s Viktor Orbán has long been an opponent of…

Hungary's Viktor Orbán has long been an opponent of the mainstay of EU policy on Ukraine, having also persistently criticized Kiev for discrimination against Hungarian minorities, and demanding that a 2017 law restricting the use of minority languages be changed. He's also refused to ratify Sweden's entry into NATO.
Orbán has further throughout the conflict stood against policies which escalate against Moscow, and has constantly warned against stumbling into a WW3 scenario involving direct NATO-Russia clash. He told Tucker Carlson in a recent interview that "the Third World War сould be knocking on our door so we have to be very careful." With Budapest having been a consistent thorn in the side of the EU, Brussels now wants to pay the Hungarians off.
"The European Commission is preparing to unfreeze around €13 billion in funds for Hungary to try to avoid Prime Minister Viktor Orbán vetoing EU aid for Ukraine, in a move likely to draw criticism from the European Parliament," Politico reports Tuesday.
"The Commission needs the unanimous backing of the bloc's 27 countries for an update to the EU’s long-term budget, which includes a €50 billion funding pot for Ukraine," the report adds.
Akin to what's currently going down in Washington with a group of Republicans holding up Ukraine funding, Brussels may soon have its own Ukraine aid blockage problem. EU aid for Kiev which was previously approved runs out in December, hence the urgency for EU leadership in wanting to push through a new package.
A week ago, Orbán gave a speech declaring Hungary will no longer support Ukraine in any way unless certain significant policies are changed both in Kiev and in the European Union.
He stressed in the words given before parliament that "Hungary is doing everything for peace" but that "unfortunately the Russian-Ukrainian war continues, tens of thousands of people are victims." Thus, he continued, "Diplomats must take control back from the hands of the soldiers, otherwise it will be in vain for women to wait for their sons and fathers and husbands to come home."
The Hungarian leader has stood against ratcheting Western sanctions on Moscow, instead choosing to maintain a generally positive diplomatic relationship with the Kremlin.
He also a week ago charged that Kiev and its backers have cheated Budapest by "Ukrainian grain dumping" into his country. He had also laid out, per The Hill:
... that he was protesting a 2017 law in Ukraine that limits ethnic Hungarians from speaking their own language, particularly in schools and said Hungary would not support Ukraine on international issues "until the previous laws are restored."
Needless to say EU officials are panicking, and are readying a lucrative quid pro quo with Hungary (based on freeing frozen funds related to the prior years' so-called "rule of law" punitive measures"), so that EU aid to Ukraine doesn't get blocked at a crucial moment that Washington funding is drying up.
International
Tropical Storm Philippe Forecasted To Impact Maine Or Nova Scotia
Tropical Storm Philippe Forecasted To Impact Maine Or Nova Scotia
Several weeks after Tropical Storm Lee made landfall in the western…

Several weeks after Tropical Storm Lee made landfall in the western part of Canada's Nova Scotia province, another storm is brewing in the Atlantic Basin, with computer models forecasting parts of the US Northeast and Nova Scotia could be hit again.
The latest report from the National Hurricane Center states Tropical Storm Philippe was about 70 miles northwest of Anguilla and about 55 miles east-northeast of St. Thomas, US Virgin Islands, moving northwest at 10 mph with sustained winds of 45 mph.
"It made landfall on the island of Barbuda on Monday with 50 mph winds and is now headed away from the Caribbean into the Atlantic, but its tropical-storm-force winds still extend out 175 miles," according to Orlando Sentinel.
"On the forecast track, the center of Philippe is expected to pass just north of the British Virgin Islands today and then move away from the northern Leeward Islands beginning tonight," NHC wrote in the 1100 ET update, adding, "However, the strongest winds and heaviest rains will likely occur in the islands to the southeast of the center."
Philippe moves slowly northwestward while bringing tropical storm conditions to the northeastern Leeward Islands. pic.twitter.com/mYYMp8mOOb
— CIRA (@CIRA_CSU) October 3, 2023
NHC said, "Little change in strength is forecast during the next day or two, but Philippe could begin to strengthen after midweek."
Models expect the storm to turn north and parallel the US East Coast while at sea, with a potential landfall impact area from Maine to Nova Scotia by as early as Sunday.
So far, the 2023 Atlantic hurricane season has produced 18 named storms and is already above average, according to Phil Klotzbach, a hurricane researcher with Colorado State University.
-
Uncategorized21 hours ago
Eli Lilly to buy radiopharma company Point Biopharma for $1.4B as PhIII readout looms
-
International22 hours ago
Swiss franc slips as inflation falls
-
Uncategorized12 hours ago
Cardano stablecoin project gambled away investors’ money before rug: Report
-
International14 hours ago
Computer model predicts who needs lung cancer screening
-
International9 hours ago
New robot could help diagnose breast cancer early
-
Government19 hours ago
Nationwide test of Wireless Emergency Alert system could test people’s patience – or help rebuild public trust in the system
-
Uncategorized7 hours ago
SEC asks judge to reject Coinbase’s motion to dismiss lawsuit
-
International17 hours ago
Airlines are being hit by anti-greenwashing litigation – here’s what makes them perfect targets