(Sarah Aitchison – San Francisco Business Times)
While shippers and businesses using West Coast ports struggled during months of slowdowns, East Coast ports picked up diverted cargo. The bad news for the West Coast is that it’s likely some of that cargo will remain in the east.
The biggest East Coast ports had 10.2% more growth than the biggest West Coast ports in the fourth quarter of 2014, compared to a 1.6% difference from the year before. In the quarter before the slowdowns began, West Coast ports had more growth than East Coast ports.
That traffic directly corresponds with slowdowns, according to Fitch Ratings, an agency that determines credit ratings at United States ports. In the fourth quarter of 2014, East Coast ports had more growth than any of the 11 previous quarters.
Some of that diverted cargo will never come back. Click here to read more.