What is it?
Port Import Market Share of U.S. Customs Maritime Import Shipments (PIMS). This is the market share that each U.S. port is capturing of the total U.S. Customs Maritime Import Shipments on a monthly basis. The U.S. ports labeled in this ticker are the U.S. ports that were identified as the ports of entry on the bill of lading when the import shipments are cleared for entry by U.S. Customs and Border Patrol. There is only one port of entry for each shipment.
Who is interested?
Freight forwarders, NVOCCs, ocean carriers, port authorities, terminals, rail/intermodal companies, financial institutions, brokers, truckload carriers, warehousing companies, and anyone else interested in export volumes.
What does it tell me?
This tells you how many shipments are being cleared through each port by U.S. Customs. In other words, of all maritime import shipments that cleared through U.S. ports each month, what percentage of those are moving through a specific port of entry. This can show you the clear shifts in volume each month between all U.S. ports of entry. This can be important when trying to distinguish how U.S. importers are choosing to route their shipments and can be a lead indicator for which parts of the country are likely to be receiving more import shipment volumes which are likely to create more outbound truckload and intermodal volumes.