Subscribe to our free, weekly email newsletter!



Port of Los Angeles Gets It

By Patrick Burnson, Executive Editor
January 20, 2012

As part of President Obama’s National Export Initiative Agenda, which calls for a doubling of U.S. exports over a five-year period, the Port of Los Angeles continues to focus on assisting businesses throughout the region.

It does this by community outreach, teaching the basics of exporting, including costs, risks, finding overseas markets, trade financing and logistics. Export workshops occur throughout the year.

While the Port of LA experienced record-breaking exports as outbound container volumes, California’s exporters turned in another strong performance in November, marking the 25th consecutive month in which the state’s merchandise export trade increased on a year-over-year basis.

The value of goods shipped abroad by California businesses in November reached $14.07 billion, a nominal gain of 12.7 percent over the $12.49 billion reported in November 2010, according to an analysis by Beacon Economics of foreign trade data released late last week by the U.S. Commerce Department.

Total U.S. merchandise exports were up 12.1 percent over the same period.

California’s exports of manufactured goods edged up 9.6 percent to $8.57 billion, while non-manufactured exports (chiefly raw materials and agricultural products) were up 16.3 percent to $2.14 billion. Re-exports, meanwhile, rose by 18.7 percent to $3.36 billion.?

Overall, the California economy is showing strong signs of turning the economic corner. Beacon Economics’ Founding Partner Christopher Thornberg, said job growth, consumer spending, non-residential construction and industrial vacancies have all showed signs of strong improvement in recent months.

“Much of the momentum behind California’s economy can be traced back to the state’s resurgent export sectors,” Thornberg said.

The Port of Los Angeles also deserves some credit.

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

The “good news story” of the season appears to be generated by officials at The Port of Oakland, who report that it has taken additional steps in an ongoing effort to manage a surge of inbound container vessel calls.

The PMA, which represents employers at America’s 29 West Coast ports, has finally asked for federal mediation in its contract negotiations with the ILWU.

Seasonally-adjusted (SA) for-hire truck tonnage in November was up 3.5 percent compared to October, which was up 0.5 percent over September at 136.8 (2000=100), marking the highest SA on record.

UPS said that through this acquisition it will augment its healthcare expertise and network in Europe, specifically in the fast growing healthcare markets in Central and Eastern Europe.

Carloads were up 12.1 percent at 312,271, and intermodal at 280,337 containers and trailers saw a 4.5 percent annual gain.

Article Topics

Blogs · Ocean Freight · Ocean Cargo · Exports · All topics

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA