A strong start to 2024: LA and Long Beach ports see cargo boom in January.
Additionally, empty container exports plunged 41% year-over-year, while imports of empty containers rose 25% year-over-year.
Panama Canal faces its direst drought, impacting global shipping. As slots drop and delays rise, West Coast ports poised to reclaim dominance.
Analyzing the shift of US imports from Asia: West Coast ports show resurgence as East Coast metrics present a mixed bag.
While trade activity escalates in South America, influenced by diversified sourcing strategies, the Panama Canal continues to face drought-induced challenges.