U.S. Ports Likely to See Slump in Cargo Volume From Coronavirus

U.S. Ports Likely to See Slump in Cargo Volume From Coronavirus

March 3, 2020 –WallStreetJournal.com

Many U.S. ports are expected to handle 20% less cargo this quarter as fewer shipments from China make their way to America as a result of the coronavirus epidemic, according to the American Association of Port Authorities. As Chinese factories struggle to ramp up production, containership operators have canceled nearly 60 trans-Pacific sailings to the ports of Los Angeles and Long Beach, Calif., in the first quarter, according to the ports, which together comprise the largest U.S. gateway for seaborne trade.

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