Container shipments drop 14% at Port of Vancouver as consumer demand falls

Interim CEO Victor Pang says the figures mirrored a softer economic system, which contracted barely within the second quarter.

The Vancouver Fraser Port Authority says container shipments are falling, as shopper demand weakens amid a sputtering economic system.

The authority says container cargo quantity on the Port of Vancouver within the first half of the yr fell 14 per cent in contrast with the identical six-month interval in 2022.

Interim CEO Victor Pang says the figures mirrored a softer economic system, which contracted barely within the second quarter.

Motion of building supplies and auto elements additionally slumped, whereas shipments of completed autos ramped up as provide chain kinks smoothed out.

Grain exports marked the largest shiny spot, ramping up greater than 100 per cent, a lift pushed partly by document volumes shipped to Africa amid a surge in demand introduced on by Russia’s invasion of Ukraine.

Nonetheless, Pang says the two-week strike by B.C. port employees in July took a toll on operations, as month-over-month container shipments fell by third and pushed many shippers to different ports.