South Korea's LX Pantos acquires logistics hub in US
South Korean 3PL LX Pantos said yesterday it had teamed with state-backed maritime financial institution ...
Having already outstripped Long Beach as a bigger US import container hub, the port of New York & New Jersey is close to usurping Los Angeles at the top of the rankings.
The reason is the accelerating coastal shift of imports from west to east.
According to the latest data compiled by Blue Alpha Capital, NY&NJ saw imports jump 15% year on year in December, to 411,924 teu, while at Los Angeles volumes decreased by 9.3%, to 417,794 teu.
Indeed, NY&NJ’s ascendancy in ...
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