Ports of Seattle, Tacoma Agree to Alliance

The pact between the nearby ports is a response to competition from Canadian and California gateways for international trade.

The commissioners of Washington state’s two largest ports—and longtime rivals for international trade—agreed in a unanimous vote to form an alliance to jointly operate their cargo terminals.

Seattle and Tacoma port leaders say the alliance, which calls for sharing business development and infrastructure investment, will improve the Pacific Northwest ports’ competitive edge as ports in Canada, Southern California, and as far away as the East Coast, are vying for cargoes from Asia.

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http://www.wsj.com/articles/ports-of-seattle-tacoma-agree-to-alliance-1433542075

Source: The Wall Street Journal