Definition
A standard unit of measurement for cargo capacity, representing a 20-foot-long shipping container.
Learn more about TEU
May imports, at 2.70 million TEU (Twenty-Foot Equivalent Units), rose 11% annually, following April’s 8% annual gain, with growth intact for the ninth consecutive month, following a 14-month stretch of annual declines. Total first quarter…
February imports, at 2.44 million TEU (Twenty-Foot Equivalent Units) increased 21% compared to February 2023. And when taking into account, the timing of the Lunar New Year, coupled with the impact of ongoing Red Sea and Panama Canal disruptions,…
With imports below the 2 million TEU mark, major ports escape the pressures of the past year.
Berg Insight says the number of units in use will rise from 11 million last year to more than 33 million by 2026.
For the remainder of 2022, imports expected by Global Tracker to be off 4% year over year.
For June, the most recent month for which data is available, import volume was down 5.9% compared to May, which set a monthly import record.
The firm reported that total November shipments—at 1,16,7943—rose 20.7% annually, topping November’s 16.8% annual increase, with imports of containerized freight shipments—at 2,668,416 TEU—seeing a 17% annual gain.
Total container volume—at 696,847 Twenty-foot Equivalents (TEU)—were up 8.75 percent annually and was below May and April, which hit 731,352 TEU and 707,182 TEU, respectively.
