The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma, announced that total TEUs fell about 24% year-to-date (January-May) to 1,142,115 TEUs, with total imports and exports down 31% and 2%, respectively.
In May, NWSA handled 229,974 TEUs, translating to a 30.3% decrease compared with the same month last year. Full imports fell 35.2% as imports continue to suffer owing to persistently low demand. Multiple vessel services that have left the trade since 2022 have also contributed to the volume decline, according to NWSA, which also saw its full exports dropping by 7.5%.
