AAPA says U.S. trade shows signs of life
Exports posted double-digit gains both from a year ago and from September 2008
in the NewsApex Tool Group donates tools, use of warehouse to Harvey, Irma relief LM survey highlights the impact and importance of emergency preparedness following recent hurricanes eBook: Why Multi-Tier Supplier Collaboration is More Important Now FedEx sees earnings decline, due largely to TNT cyberattack FedEx rolls out 2018 rate increases More News
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 AuthorPatrick 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 [email protected]
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!
Improving 3PL Management: Glanbia Adds Muscle to Logistics Why Retail Supply Chain Transformations Fail - and how to get it right View More From this Issue