Port of Oakland Faces Challenges
"The canal's business plan "explicitly assumes that a lot of the trade between Asia and America's east and Gulf coasts will be diverted from California's ports to the canal," the Economist reported in January."
"Jacob is more cautious. Despite the encouraging moves, "the jury is still out on what the various improvements will do for the port in terms of competitiveness," he said.
"The future of California's ports, including Oakland, is in their hands," said O'Connell. "They have to figure out what to do to remain competitive in the international market."