Volkswagen’s Good News for Baltimore May Come At Houston’s Expense — Panjiva


Volkswagen’s Good News for Baltimore May Come At Houston’s Expense

Cons. Discr. - Autos 664 Corp - Ports 663 Mexico 505 Mode - Seaborne 1275 U.S. 3306

Volkswagen will invest in new port facilities at Baltimore, Md. with TradePoint Atlantic to import 120,000 new vehicles per year from 2020. The timing is somewhat surprising given recent comments by CEO Herbert Diess regarding the risks from forthcoming U.S. automotive sector duties. Nonetheless Volkswagen’s U.S. imports of completed vehicles climbed 9.0% year over year in 2018. The largest ports currently used by Volkswagen for imports include Houston, Tx. – which represented 23.5% of U.S. inbound shipments in 2018 – and Providence, RI. which handled 12.8%. They may lose traffic, partic...

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