Some supply chain managers are wary of shifting trade back to West Coast ports
Publishing timestamp: 2023-01-03 19:30:34
Summary
A survey of logistics managers at major companies and trade groups found that nearly a third of them do not know how much trade they would return to West Coast ports after a key labor deal is reached. 49% said they did not divert trade, while 40% said they did. The main reason for moving trade away from West Coast was the threat of a strike by the International Longshore and Warehouse Union. The Port of New York and New Jersey has taken the top spot in the nation, knocking the Port of Los Angeles to either second or third depending on the month. Over half of those surveyed do not expect the supply chain to return to normal until 2024 or after.
Sentiment: MIXED
Keywords: business, trade, business news, csx corp, transportation,