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State of the ports: “COVID-19’s had as large of an effect as the Great Recession”

(Source: Railway Age, August 5, 2020)

NEW YORK — “Permanent changes in trade flows will likely cause the Port of LA to permanently lose about 15% of its market share to Gulf and East Coast ports, a clear negative for Union Pacific but favorable for CSX, Kansas City Southern and Norfolk Southern. COVID-19 has had as large of an effect as the Great Recession. Peak season expectations were mixed to positive, with retail inventory replenishment likely needed.”

Full story: Railway Age

Thursday, August 6, 2020

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