The supply-chain crisis that has clogged the US logistics network has made the country’s two largest ports of Los Angeles and Long Beach the least efficient trade hubs for handling containers…
The supply-chain crisis that has clogged the US logistics network has made the country’s two largest ports of Los Angeles and Long Beach the least efficient trade hubs for handling containers worldwide, a new report showed.
Maritime transport moves more than 80% of global merchandise by volume; even before the Covid-19 outbreak, ports were already handling more cargo, which pushed those with weaker infrastructure to “the limits of their capacity,” said S&P Global Market Intelligence Associate Director Turloch Mooney, one of the authors of the report.
Smaller US ports made it to the top 50 of the ranking for the first time this year, driven in part by the enhanced performance of East Coast gateways. Some of these hubs have invested billions of dollars in infrastructure as the 2016 expansion of the Panama Canal allowed the world’s largest ships to reach the Atlantic Coast more easily.
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