Seaports are a vital economic engine for the U.S., as they help deliver goods to consumers, ship exports overseas and support millions of jobs. It is estimated that the U.S. contributes more than 26% of the total world consumption, making the ocean freight industry crucial to economic growth. As a result, the volume of goods that pass through each port has a direct correlation to industrial real estate demand. The major seaports across the country all posted strong results in 2020, despite the challenges posed by the COVID-19 pandemic, congestion at major ports, and delays at U.S. ports caused by an influx of goods passing through. In this interactive report, we will review the current state of the top nine U.S. seaports, explore the factors driving container volume fundamentals, and provide an outlook for the remainder of 2021 and beyond.
Download the U.S. Seaports Outlook Report here.