ONE Crushed in Cali as CMA-CGM Swoops In — Panjiva


ONE Crushed in Cali as CMA-CGM Swoops In

Corp - Ports 661 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container handling at California’s big three ports (LA, Long Beach and Oakland) climbed 4% on a year earlier in September, up from a 1% decline in August. That was mostly due to exports from Los Angeles which climbed 14% as a result of earlier disruptions. Imports across the three ports improved by 3% after a 2% decline on stronger shipments from China ahead of the imposition of duties on $200 billion of exports on September 24. Exports from China to all Californian ports rose 5% on a year earlier. The prospect of a downturn in the coming months may have led to a savage round of competit...

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