Ports fighting for cargo
COMPETITION between ports on the east and west coasts of the United States is expected to intensify with the expansion of global trade, according to Standard & Poor's.
The strong growth in US trade, especially with the rapidly emerging markets of the Pacific Rim, coupled with shippers' innovative efficiency efforts, have aided the west coast ports, Standard & Poor's said.
The agency said five of the top six container ports in the country were on the west coast.
'The competition that has developed between west coast and east coast ports is based primarily on the east coast's attempt to regain business lost to Pacific systems through the economies of land bridges,' the agency said, referring to the west's efficient links to inland markets.