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The maritime industry breathed a sigh of relief as West Coast ports inked a labor agreement. The next challenges: the effects of climate change, a tepid global economy, new environmental regs, and a looming capacity glut.
The maritime industry breathed a sigh of relief as West Coast ports inked a labor agreement. The next challenges: the effects of climate change, a tepid global economy, new environmental regs, and a looming capacity glut.
Reasons include overstocked domestic inventories, strong U.S. dollar, lingering tariffs, and container volume shifting to East and Gulf Coasts, port leaders say.
Reasons include overstocked domestic inventories, strong U.S. dollar, lingering tariffs, and container volume shifting to East and Gulf Coasts, port leaders say.