Houston Gains Cargo Share as West Coast Volumes Decline
Flexport executives noted that ocean and air freight markets are becoming more volatile ahead of summer due to tighter capacity, higher fuel surcharges, and geopolitical disruptions. U.S. import volumes at Los Angeles and Long Beach have declined year-over-year by about 1.5%, while Houston's port is gaining cargo share thanks to infrastructure improvements allowing larger vessels.
Topics: cargo distribution ocean freight port activity U.S. ports