West Does Best as Trade War Bypasses Most Ports — Panjiva


West Does Best as Trade War Bypasses Most Ports

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

The widening U.S.-China trade war has yet to crimp volumes handled by America’s largest ports. Total U.S. seaborne imports of containerized freight rose 10.7% to reach a new record of 2.67 million TEUs in October. The surge in volumes was fastest on the west coast with Seattle/Tacoma rising 19.0% and LA/Long Beach rising 15.6%. East coast ports fared less well, perhaps indicating Chinese exporters have sort to complete deliveries into the U.S. as soon as possible in case higher duties or wider coverage is applied. The counterpoint can be seen on the east coast where Norfolk’s...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.