Panama Canal expansion sparks US port competition
The widening of the Central American artery has upped the ante at US ports, as the fight for discretionary cargoes heats up. Ports are busy upgrading facilities to raise profiles to customers, while tentative steps towards automation are being readied to further value propositions
The expanded Panama Canal is expected to benefit the Gulf Coast ports in the near term more than the East Coast ports, to the detriment of West Coast ports, research shows
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