US Pacific ports win back trade from east coast rivals as old normal returns
Time：2015-08-25
Browse：55
In June, the share of transpacific trade handled by Pacific ports was 54.7 per cent, it was 55.4 per cent in June 2014. In February, at the height of the labour dispute, this share fell to 44.9 per cent.
US east and Gulf coast ports saw their market share of the Asia-North America trade fall to 39.8 per cent in June, down 0.1 percentage points on the previous month of May. In June 2014, ports on the Atlantic seaboard handled 39.4 per cent of trade from Asia.
The latest figures published by Container Trades Statistics for the Asia-North America trade show that June`s container volumes were up 10.5 per cent on last year from 1.3 million TEU to 1.5 million TEU.
But growth was fragmented with ports on the US Gulf coast and east coast reporting an 11.5 per cent increase from 520,156 TEU to 579,979 TEU, Canadian ports a 4.1 per cent jump to 140,232 TEU, and US west coast ports a 3.4 per cent rise in trade from Asia to 657,967 TEU.
Despite lower percentage growth vis-a-vis Atlantic rivals, Pacific coast ports continued to win back transpacific trade lost in months of west coast waterfront strife.