Wal-Mart and American Chung Nam Hold On to #1 Rankings on JOC List
Published:20 May 2015 01:05:40 PST
The much-anticipated list of Top 100 Importers and Exporters was issued by The Journal of Commerce (JOC) this week. JOC relies on PIERS data and a host of other sources to bring this exclusive report to transportation industry insiders twice a year.
The expert analysis of PIERS researchers and others in the industry conclude that Wal-Mart remains the no. 1 importer of containerized ocean cargo in the latest annual rankings. Sources say the corporation increased its shipping volume into the United States 1.8 percent in 2010. As the world’s largest retailer, Wal-Mart imported 696,000 20-foot equivalent units last year, up from 684,000 TEUs in 2009.
In exports, America Chung Nam, the sister company and supplier of wastepaper to China’s largest containerboard manufacturer, was the largest American exporter of containerized goods by volume in 2010 for the 10th year in a row, with a significant volume increase over 2009 figures. The California-based company’s volume was 16 percent ahead of the 259,300 TEUs America Chung Nam exported in 2009 and it shipped a total of 300,800 20-foot equivalent units from the U.S. in 2010. PIERS’ experts see the wastepaper exports as a measure of confidence in the U.S. retail economy because much of the material is turned into packaging for toys, electronics and other consumer goods produced in China's factories.
Looking for detailed information on a specific company’s trade activities? Check out PIERS Products and Solutions to learn more.