Long Beach Lags After Cosco Cuts Container Shipping — Panjiva
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Long Beach Lags After Cosco Cuts Container Shipping

Corp - Ports 909 Corp - Shipping 1026 Mode - Containerized 1524 Mode - Seaborne 1845 U.S. 5399

U.S. seaports saw a continued expansion in handling in May after inbound volumes rose 3.0% year over year, similar to the 2.5% rate in the prior three months. The only big 10 port that saw a downturn was Long Beach with an 11.5% slump. That was the result in a 22.0% drop in shipments by Cosco Shipping, possibly related to its sale of a stake in terminal facilities at Long Beach. There was also a 28.8% reduction in shipments by CMA-CGM. Miami saw the fastest growth at 12.1%, though competition from other Florida ports is rising. Seattle and Tacoma grew by 8.8%, possibly benefiting from st...

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