Norfolk’s Broad Export Problems Not Helped by ONE Big Slowdown — Panjiva
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Norfolk’s Broad Export Problems Not Helped by ONE Big Slowdown

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

Container handling through the Port of Virginia fell 1% on a year earlier in February, the second straight decline after 10 months of improvements. Exports were to blame, with a 4% drop repeating a pattern seen in seven of the last nine months and indicating a weaker regional export economy. A 4% expansion in imports lagged the country more broadly, partly reflecting the one-third share only of shipments from China and partly a 6% drop in traffic from the EU. The latter was partly accounted for by MSC, though non-China traffic from Asia also slowed as shipments by Mitsui OSK and NYK fell...

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