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Economist revised forecasts, predicting lower import growth and a second year of declines in exports.
More than 40% of retailers and manufacturers plan to shift volume to East Coast ports on a long-term basis as a result of chronic congestion on the West Coast, according to the findings of a new American Shipper research report.
Amount of time containers take to clear Southern California terminal yards increased significantly year-over-year in February, according to INTTRA's container metrics.
The German ocean carrier said its financial results were impacted by costs from merger with Chilean liner CSAV.
ConAgra and Lululemon said they expect shipment delays for several more months as a result of West Coast port congestion.
The new container service will connect ports in China, Taiwan and South Korea with Mexico, Colombia, Peru and Chile.