--- title: MFW Musings - October 2023 - MyFreightWorld description: "October 2023 Insights   US. Container Imports surge (source: Descartes System Group) September container imports hit 2.2M TEU’s,..." image: https://blog.myfreightworld.com/hubfs/Imported_Blog_Media/MM-October-Image.png --- [Skip to content](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023#main-content) ![MYFREIGHTWORLD LOGO-1](https://blog.myfreightworld.com/hs-fs/hubfs/MYFREIGHTWORLD%20LOGO-1.png?width=1499&height=786&name=MYFREIGHTWORLD%20LOGO-1.png) Open main navigation Close main navigation - [Get Quote](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023#Webquote) [Get Quote](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023#Webquote) Oct 26, 2023 4:24:02 AM # MFW Musings – October 2023 [mike](https://blog.myfreightworld.com/blog-posts-myfreightworld/author/mike) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023) [envelope icon](mailto:?body=https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-october-2023) ### October 2023 Insights ---   - US. Container Imports surge (source: [Descartes System Group](https://www.descartes.com/resources/news/descartes-releases-october-global-shipping-report-september-us-container-import)) - September container imports hit 2.2M TEU’s, a 27% increase from February’s low mark. - Those figures were higher than expected, measuring 8% higher than 2019 figures and 15.5% higher than 2017. - Container imports from China made up 39.3% of the total, their highest share since August of 2022. - Record-breaking September at Long Beach [(source: Supply Chain Dive)](https://www.supplychaindive.com/news/port-long-beach-september-cargo-volumes/697382/) - Imports rose 19% year over year to 408,926 TEUs, while exports declined 10% to 101,248 TEUs. - It’s the Port’s first monthly year over year cargo increase in 14 months. - The Manufacturing sector contracted in September for the 11th consecutive month. This follows 28 months of growth, prior to the 11 month drawdown. (source: [Institute for Supply Management](https://tradingeconomics.com/united-states/business-confidence)) - The Manufacturing PMI marked in at 49.0, up 1.4 points from the previous month. - New Orders hit 49.2, 2.4 points higher than August. - The Services sector expanded in September, the ninth month in a row. (source: [Institute for Supply Management](https://tradingeconomics.com/united-states/business-confidence)) - The Services PMI measured 53.6, slightly lower than August’s 54.5, but higher than July’s 52.7. - The September Cass Freight Index was mixed this month. (source: [Cass Information Systems](https://www.cassinfo.com/freight-audit-payment/cass-transportation-indexes/september-2023)) - The Expenditures portion receded slightly from August’s 3.459 to 3.452, while shipments grew slightly from 1.143 to 1.163. - Retail sales went down in September. (source: [US Census](https://www.census.gov/retail/sales.html#:~:text=Advance%20estimates%20of%20U.S.%20retail%20and%20food%20services%20sales%20for,0.7%20percent\)%20above%20September%202022.)) - Retail sales peaked in August, with this decline bringing the index back in line with June and July. - The ATA reports that trucking tonnage has jumped over 3 points from August to September. (source: [American Trucking Association](https://www.trucking.org/news-insights/ata-truck-tonnage-index-fell-11-september)) - Tonnage is still down year over year but continues to be higher month over month. - Fuel jumps to $4.545 a Gallon (source: [S. Energy Information Administration](https://www.eia.gov/petroleum/gasdiesel/)) - The price of diesel has jumped $0.156 in the past month, but on average still costs $0.796 less than it did at this time last year. [Industry Insights](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/industry-insights) ## Related posts [![](https://blog.myfreightworld.com/hs-fs/hubfs/Imported_Blog_Media/Monthly-Musings-December-2023-1.png?height=200&name=Monthly-Musings-December-2023-1.png)](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023) [MFW News](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/mfw-news), [Industry Insights](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/industry-insights) ## [MFW Musings – December 2023](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023) [mike](https://blog.myfreightworld.com/blog-posts-myfreightworld/author/mike) Dec 19, 2023 4:52:34 AM [Read more](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-december-2023) [![](https://blog.myfreightworld.com/hs-fs/hubfs/Imported_Blog_Media/Monthly-Musings-February-2024.png?height=200&name=Monthly-Musings-February-2024.png)](https://blog.myfreightworld.com/blog-posts-myfreightworld/monthly-musings-february-2024) [MFW News](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/mfw-news), [Industry Insights](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/industry-insights) ## [Monthly Musings – February 2024](https://blog.myfreightworld.com/blog-posts-myfreightworld/monthly-musings-february-2024) [mike](https://blog.myfreightworld.com/blog-posts-myfreightworld/author/mike) Feb 19, 2024 5:15:20 AM Trucking Industry News [Read more](https://blog.myfreightworld.com/blog-posts-myfreightworld/monthly-musings-february-2024) [![](https://blog.myfreightworld.com/hs-fs/hubfs/Imported_Blog_Media/MM-November-Image.png?height=200&name=MM-November-Image.png)](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-november-2023) [MFW News](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/mfw-news), [Industry Insights](https://blog.myfreightworld.com/blog-posts-myfreightworld/tag/industry-insights) ## [MFW Musings – November 2023](https://blog.myfreightworld.com/blog-posts-myfreightworld/mfw-musings-november-2023) [mike](https://blog.myfreightworld.com/blog-posts-myfreightworld/author/mike) Nov 27, 2023 2:54:13 AM The U.S. imported 2,307,918 twenty-foot equivalent units of containerized goods last month.... 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