Alternative East Coast ports — including Montreal, where half of the terminals are shut down by a strike — will not be able to handle large scale diversions.
Several terminals at the ports of Los Angeles and Long Beach remained closed on September 27, after a tractor-trailer overturned on a vital artery for cargo.
The deal was first announced on September 22, with CMA CGM aiming to pay 6.3 billion reais ($1.13 billion) up front to buy a 47.6% stake in Santos Brasil.
If East and Gulf Coast ports are forced to shut down, the U.S. could see inventory shortages, higher costs at grocery stores, and months-long container backlogs.
The latest news, analysis, services and systems regarding global seaports and airports and their impact on global supply chains. Today’s companies are transporting and delivering goods to more international customers than ever before through global ports and free and foreign trade zones. As infrastructure around these global gateways continues to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving supply chain operations through their strategic use of global seaports and airports.
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