An article in this morning's Wall Street Journal highlights the rapid decline in container shipping volume into the LA/Long Beach port system (see graph).This decrease, a 32% decline year over year as of February, is attributed both to declines in factory shipments and the increased prowess of competing ports.
British Columbia's Prince Rupert Port is highlighted as a key emerging competitor to LA based on ease of modal transportation and shorter distance from Asian ports.
To be sure the LA port system will continue to be the epicenter for US importing from Asia, but perhaps we are now past the two week long backlogs, work stoppages and other issues that have plagued inbound shippments the past several years.
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