Kearney's annual State of Logistics report estimates that sea level rise and inland flooding could cost the logistics industry billions annually by 2050.
The new terminal — which is still in the federal permitting process — is expected to open in 2028, and will accept as many as 280,000 containers each year.
European manufacturers are also bracing themselves for retaliatory measures from China, in the form of a range of duties on its exports, including vehicles, but also other products.