LOS ANGELES—“The Panama Canal is a major competitive threat.” That is according to Jim Maclellan, director of trade development for the Port of Los Angeles, who recently spoke at RealShare Los Angeles.
But according to Maclellan, some people believe the Port will lose two points of market share and some believe it will be 20%. Maclellan says it is closer to 2% or 3%.
While that might not seem like a high number, Maclellan says that in the past, “we might not have noticed,” now, he said, “we will.”
The good point, he said, is that the Port of L.A. is still seeing potential increased trade with the Trans-Pacific agreement. In addition, he added, “the largest ships still cannot get through the Panama Canal even though it is being widened.”
In addition, Maclellan explained, “the railways can help us be more competitive.”
LOS ANGELES—“The Panama Canal is a major competitive threat.” That is according to Jim Maclellan, director of trade development for the Port of Los Angeles, who recently spoke at RealShare Los Angeles.
But according to Maclellan, some people believe the Port will lose two points of market share and some believe it will be 20%. Maclellan says it is closer to 2% or 3%.
While that might not seem like a high number, Maclellan says that in the past, “we might not have noticed,” now, he said, “we will.”
The good point, he said, is that the Port of L.A. is still seeing potential increased trade with the Trans-Pacific agreement. In addition, he added, “the largest ships still cannot get through the Panama Canal even though it is being widened.”
In addition, Maclellan explained, “the railways can help us be more competitive.”
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