The Journal of Commerce recently issued its annual report of the top 100 U.S. exporters by volume of ocean shipping containers and International Paper was listed as the 2nd largest waterborne exporter in this category for the second year in a row. According to the report, IP exported 242,894 TEUs (Twenty-Foot Equivalent Units) by ocean container in 2018. This is on par with our exports from 2017 of approximately 248,000.
The Journal of Commerce report illustrates how important exports are to International Paper’s business. While other businesses shifted in the rankings, IP has remained consistently within the top 3 exporters over the past 5 years and beyond. As one of the largest packaging, pulp and paper companies in the world, International Paper exports nearly 28% of our production from the U.S. We spend more than $2 billion annually to ship goods throughout the U.S. and from our ports to global customers. Given the sheer volume of goods International Paper transports through the United States and its ports to global customers, it is essential that Congress and the Administration invest in our country’s aging infrastructure, with a special emphasis on our nation’s port system.