Cargo Volume Continues to Surge

In the United States, ports on the west coast such as Seattle and Oakland, CA reported double digit increases in freight volumes compared to the same time last year. In the specific case of the west coast ports, these increases seem to mean that the major delays, labor issues and congestion that plagued them are finally in the past. On the east coast of the USA, major Gulf and Atlantic ports including Houston, Charleston and Norfolk also saw meaningful increases in volume when compared to the early Fall of 2014. Analysts report that imports will continue to rise over the coming months because of the anticipated arrival of goods from China which were exported after the Chinese devalued their currency.