The shipping traffic on the West Coast has been disrupted to some extent by a Longshoreman's strike. They have since returned to work and there is of course ships to unload that may have been in line for awhile.
While the Longshoremen were on strike ship traffic was rerouted to Canada.
August 28, 2014
By Angelo Young
Now while the USA Tax Code needs to be STRENGTHENED so companies like Burger King can't circumvent the US Treasury there is no reason for tax giveaways to anyone. There are also loopholes to close. But, to imply the USA has a tax code hostile to business and that is what is causing all this traffic to Canada is a pure unadulterated lie. If the USA tax code was so very bad for business than why are there loopholes?
Americans weren't born yesterday, they were just deceived from knowing the facts and act with concern, in that, is political pressure for them to vote against their best interests. CATO should be ashamed of themselves and quite frankly according to this article, they are an inferior source of research.
While the Longshoremen were on strike ship traffic was rerouted to Canada.
August 28, 2014
By Angelo Young
For months, (click here) representatives of about 20,000 members of the International Longshoremen’s Association and their employers have been negotiating a six-year labor contract. The lack of success in the talks, now more than three months old, is raising concerns about a possible strike or slowdown ahead of the economically important U.S. holiday shopping season. Those concerns, in turn, are driving an increasing number of shippers to seek alternatives to U.S. West Coast ports.
The best strike venue is to make the point of how important one is when the need for services is at a peak of business demand. This contract could have been settled a long time ago, but, that isn't the immediate point.
...But regardless of the alternative routes available in Canada, Mexico or through the Panama or Suez canals to the Eastern seaboard, the West Coast is the best current option for a great deal of U.S.-bound goods....
CATO is being opportunistic in stating every other country is better off than the USA for a variety of reasons. CATO is using the increased traffic into Canada as an excuse to make the argument the USA is a poor environment for business.
...Container ships sailing across (click here) the northern Pacific are carrying more cargo and are setting course for British Columbia to avoid delays from a possible strike by U.S. West Coast longshoremen. Traffic in Prince Rupert soared 49 percent in July from a year earlier, according to data compiled by Bloomberg Intelligence, while volume dropped 19 percent in Seattle, its nearest major U.S. rival.
Canadian ports are gaining an advantage over their U.S. rivals amid an economic recovery that’s increasing container volumes from East Asia. While U.S. West Coast ports are mired in a labor dispute and congestion hobbles local railways, Prince Rupert is winning customers with its shorter sailing times from China and efficient infrastructure that can whisk freight to the U.S. Midwest and beyond....
If CATO wants to make an argument make it with THE FACTS and not the culture of fear. The FACTS are obvious, American ports provide exceptional service and while Mexico and Canada provides service, the transportation costs across borders and added fuel from the added distance causes the cost of imports to increase. The USA ports have nothing to fear and I wish the right wing would get their act straightened out so they don't make false political points for the sake of invoking fear of the people of the USA.
The USA's market place is a wealth to any company importing goods. The cost of doing business including taxes to domestic companies is returned to them a hundred times over. No USA company pays 35% corporate tax.
Americans weren't born yesterday, they were just deceived from knowing the facts and act with concern, in that, is political pressure for them to vote against their best interests. CATO should be ashamed of themselves and quite frankly according to this article, they are an inferior source of research.