U.S. West Coast ports are poised for two consecutive years of increased traffic for the first time since 2005-2006, a product of stronger global demand that will benefit America’s railroads and truckers.
Los Angeles, the busiest port, forecasts shipments to rise as much as 6 percent following a 16 percent jump in 2010 that reflected a rebound from the global recession. The Port of Long Beach, California, second behind Los Angeles, expects volume to grow further after last year’s 24 percent gain.
As goods are moved from ships to trucks and railways, companies like Union Pacific Corp. and Burlington Northern Santa Fe stand to benefit
The full story appears on the Bloomberg website.