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CMA CGM: Massive growth in US container import

"New York and New Jersey cannot accommodate the huge growth in imports that's happening right now," says Olivier Nivoix, vice president of North American Lines for French CMA CGM, the world's third-largest container carrier, to Wall Street Journal.

Photo: APM Terminals

The number of containers currently entering the US via the US East Coast has reached a level that the biggest ports in New York and New Jersey have a hard time accommodating.

"Customers want diversification on the U.S. East Coast, whether it's Baltimore or Norfolk or Wilmington. New York and New Jersey cannot accommodate the huge growth in imports that’s happening right now," Olivier Nivoix, vice president of North American Lines for French CMA CGM and the world's third-largest container carrier, tells Wall Street Journal.

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