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Article: Region's Ports Suffer Market-Share Decline Double-digit Growth Overshadowed by East Coast Boom
- Article from:
- Orange County Business Journal
- Article date:
- September 29, 1997
- Author:
CopyrightCopyright Orange County Business Journal Sep 29, 1997. Provided by ProQuest LLC. (Hide copyright information)
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International trade long has been a bright spot in Southern California's economy, a source of vitality even during the darkest days of the recession. But recent statistics suggest that a dark cloud may be gathering on the region's trade horizon.
For the first time in two decades, seaports on the East and Gulf Coasts have captured the lion's share of the nation's container trades - a sector long dominated by their West Coast counterparts. According to the Pacific Maritime Association, an organization of West Coast waterfront employers, the West Coast's share of U.S. container trade has declined to 49% percent from 53% in 1994.
No one is suggesting that Southern California is in danger of ...