Subscribe to our free, weekly email newsletter!


AAPA says U.S. trade shows signs of life

Exports posted double-digit gains both from a year ago and from September 2008
By Patrick Burnson, Executive Editor
November 18, 2010

America’s waterborne foreign trade in September continued its rebound from last year’s lows, noted the American Association of Port Authorities (AAPA) yesterday.

Though down from the preceding month, the September data reported by the U.S. Census Bureau shows healthy tonnage increases from a year ago for both imports and exports.  January-September was the strongest tonnage quarter of 2010.

“Imports posted their seventh consecutive month of year-on-year growth, thanks in great part to strong demand for petroleum, steel and containerized merchandise, but remained below 2008 levels for the month and the year-to-date,” said AAPA spokesman, Aaron Ellis in an interview.

“Exports posted double-digit gains both from a year ago and from September 2008.  In sum, cargo trade, though much improved, hasn’t yet fully recovered from the recession,” Ellis added.

This reflects a recent report issued by the National Retail Federation (NRF) suggesting a soft rebound in U.S. consumer spending.

According to NRF, cooler, seasonal weather in October helped apparel and sporting goods stores’ sales.  Clothing and clothing accessory stores sales increased 0.7 percent seasonally adjusted over last month and 1.4 percent unadjusted over last year. Sales at sporting goods, hobby, book and music stores increased 1.0 percent seasonally adjusted month-to-month and 5.9 percent unadjusted year-over-year.

Building material and garden equipment and supplies dealers sales also showed solid growth, increasing 1.9 percent seasonally adjusted month-to-month and 7.3 percent unadjusted over last year. Health and personal care stores sales decreased 0.1 percent seasonally adjusted from September but increased 1.6 percent unadjusted year-over-year. 

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

As the July 1st date for complete compliance looms, shippers are seeking help to cope with the mandatory changes instituted by the International Maritime Organization (IMO) to the Safety of Life at Sea Convention (SOLAS).

As of July 1, only containers with a verified gross mass will be cleared to be loaded onto a ship under the International Maritime Organization’s Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. Shippers hoping that the implementation of the ruling will be delayed or deferred are whistling in the dark, say industry analysts.

Amid the many worrisome economic indicators kicking around of late, something along the lines of good news came about this week in the form of United States new home sales data, issued by the United States Department of Commerce this week.

In March, the SCI came in at 0.4, which FTR described as “a near neutral reading” on the heels of four months of more favorable market trends for shippers.

The $4.8 billion acquisition of Netherlands-based TNT Express-NV, a provider of mail and courier services and the fourth largest global parcel operator, by transportation and logistics services provider FedEx was made official today.

Article Topics

News · Container · Trade · Exports · Seaports · Imports · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA