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Tuesday, Dec 6, 2022
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West Coast ports have sinking feeling

At Southern California’s twin ports, there is a growing feeling that the economic tide has begun to turn. Imports are down. Experts expect another year of little or no cargo growth in 2008. And other harbors are getting serious about luring business away from Los Angeles and Long Beach, the nation’s largest seaport complex, and other West Coast ports. Competitors along the East and Gulf coasts, once content to take on whatever Los Angeles and Long Beach couldn’t handle, have embarked on major expansion projects. Billions of dollars are being spent to transform the Panama Canal so that it can handle the largest ships. In Canada, a port project once viewed as little more than a safety valve for times of congestion has been elevated to a national priority. For the full story go to http://www.latimes.com/business/la-fi-ports5mar05,1,5119895.story?ctrack=1 & cset;=true

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