LOS ANGELES
,
May 10, 2022
(press release)
–
U.S. West Coast ports generate nearly $2 trillion a year in economic value naonwide, but congeson in Southern California due to record-high container volumes, coupled with growing capacity at East and Gulf Coast ports, has accelerated the diversion of Asian cargo away from the West Coast, threatening to weaken the powerful economic engine long-term, according to new research by noted marime economist John Marn, PhD.
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