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Mar.09, 2015

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Page 20 of 119 THE JOURNAL OF COMMERCE 21 TRANS-PACIFIC MARITIME SPECIAL REPORT THE ECONOMIC FUNDAMENTALS of the trans-Pacific trade are strengthen- ing, setting the stage for what would normally generate rapid growth in container volumes, especially in the eastbound trade. But this isn't a normal year. The work slowdowns at West Coast ports and the resulting congestion are dam- aging the outlook for the trade, even with the tentative agreement the Inter- national Longshore and Warehouse Union and Pacific Maritime Associa- tion reached on Feb. 20. Even with an ILWU agreement, lingering congestion dampens the trans-Pacific trade outlook By Peter T. Leach WEST COAST HANGOVER

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