CNBC
March 7, 2024
Lori Ann LaRocco
“We are seeing a significant change back to the U.S. West Coast,” said Paul Brashier, vice president of drayage and intermodal for ITS Logistics. “I would say 25% of our client’s freight is coming back to the ports of Los Angeles and Long Beach.”
The movement of trade away from the East Coast influences the volume of freight moving on the rails, with the extra containers a tailwind for Union Pacific and BNSF, a subsidiary of Berkshire Hathaway, which previously saw a decrease in containers being moved.
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