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United States gross domestic product (GDP) grew 2.1 percent in the third quarter, according to the Commerce Department's second estimate, but truck tonnage remains relatively flat amid weak industrial and manufacturing output.
COSCO ships moved fewer containers in the third quarter than it did in the same period last year and terminals run by subsidiary COSCO Pacific handled fewer boxes as well.
The U.S. Navy will continue to search for the bridge, which contains a voyage data recorder that may hold clues as to what happened to the TOTE Maritime cargo ship in the hours before it sank in Hurricane Joaquin Oct. 1.
The U.S. Gulf port also expects to benefit from continuing population migration to Texas and the expansion of Panama Canal, which is scheduled to be completed in April 2016.
Meanwhile, a Federal Aviation Administration task force released its recommendations regarding a registration program for unmanned aircraft systems that will affect the use of drones in both commercial and recreational settings.
Box volumes at the largest U.S. East Coast port were up 11 percent year-over-year in October, driven primarily by a 9.8 percent spike in loaded import containers.