Those volumes began moving inland from the ports of Los Angeles and Long Beach just as back-to-back storms in late October and early November caused major flooding and disrupted operations along BNSF’s Southern Transcon network in New Mexico.
Longshore workers at the Canadian port rejected a recent contract proposal and authorized a strike if the current round of negotiations does not result in an agreement.
Markets in the Midwest, in particular, saw industrial real estate vacancy rates drop in the third quarter, with reports indicating a stronger flow of goods through warehouses.
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