News / Transpacific container shipping rates decline as east vs west coast marketshare battle heats up

The US west coast ports of Los Angeles and Long Beach recovered well in the second half of 2015, following the labour contract dispute, and appear to have regained the confidence of shippers – but it has come at a cost to carriers of lower freight rates.

Los Angeles finished the year with a throughput of 8.16m teu, 2.15% lower than in 2014, but considering that in January 2015 the port handled 27% less containers than in the same month of ...