Importers & Exporters Top 100 2024
and CEO of HCS international , a logistics consulting firm for the industry .
The top five sourcing origins for automobile-related parts and components are China , South Korea , Japan , Germany and Taiwan , according to PIERS . The Los Angeles – Long Beach port complex is the busiest US gateway for containerized auto parts and components , handling 31.8 % of imports last year , followed by Savannah – Brunswick ( 13.9 %), Charleston ( 11.3 %), New York and New Jersey ( 11.2 %), and Virginia ( 5.8 %).
“ In general , we experience the exact same issues that most BCOs face .”
While importers of finished automobiles are escaping the worst effects of recent supply chain snags , importers of containerized auto parts and components will continue to grapple with the same issues at ports and inland rail ramps that have affected their operations for years , Hughes said .
Those issues , including carrier charges for detention and demurrage at marine terminals and rail heads and unexpected changes to earliest return dates for moving containers to those locations , have added cost and uncertainties to the supply chains of beneficial cargo owners ( BCOs ) in many industries ,
Hughes said .
“ In general , we experience the exact same issues that most BCOs face ,” he said .
email : bill . mongelluzzo @ spglobal . com
Auto imports end Q1 2024 on 6-month yoy growth streak
Monthly containerized US automobiles and auto parts imports , in laden TEUs , with year-over-year percentage change
“ aftermarket ” sector for maintenance and repair — will be affected somewhat by the drought conditions at the Panama Canal and the Red Sea hostilities that are forcing vessel operators to divert around southern Africa , especially on all-water services from Asia to the US East and Gulf coasts . Although these diversions will add time and cost to the supply chains , they are not expected to disrupt production , according to S & P Mobility .
With US imports of parts for automobile manufacturing and aftermarket maintenance primarily sourced from Asia , shippers using West Coast ports will avoid the current disruptions at the canals , said Steve Hughes , president
TEU volume
120,000
100,000
80,000 100,000 60,000
40,000 23,939 20,000
000
30 % 20 % 10 % 100 0 % % -10 %
-20% -30% -30%
0 |
|
|
|
-40% |
Jan L2022 Apr |
Jul |
Oct
Jan 2023
Apr
|
Jul |
Oct
Jan
Feb , 2024 24
Apr
|
TEU |
Year-over-year % change |
Source : PIERS , S & P Global © 2024 S & P Global
Year-over-year % change www . joc . com May 20 , 2024 | Journal of Commerce 35