Demand for warehouse and distribution space was unabated in first quarter despite low vacancy rates and increasing rents.
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Seattle-Tacoma focuses on efficient terminal operations to provide their edge in competition with Vancouver and Prince Rupert for market share.
Spot rates in eastbound Pacific basically flat last week.
Prologis says first US port-adjacent, multi-story distribution facility in Seattle could be followed by others in major port cities.
Spot rates in eastbound Pacific continue single-digit decline.
Carriers in most cases have kept the rate on the West Coast that they charge their largest customers above $1,000 per feu container.
Former Long Beach harbor commissioner and current FMC member will return to Southern California to become executive director of Port of Long Beach.
Seattle and Tacoma are operating more efficiently and profitably since they formed the Northwest Seaport Alliance.
Retailers project strong growth in consumer spending and therefore imports for at least the next six months.
Repurposing port properties for anciliary services helps Oakland to curb congestion.
Marginal drop in spot rates shows cautious BCO approach during first week under the new carrier alliances.
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