Subscribe to our free, weekly email newsletter!



U.S. exporters still face uphill battle

By Patrick Burnson, Executive Editor
November 12, 2010

There has been some encouraging news of late about California’s exports, but the outlook for the state and the rest of the nation is “mixed” going into this winter, Jock O’Connell, Beacon Economics’ International Trade Adviser, warned.

“While the Federal Reserve Bank’s efforts at quantitative easing should push the dollar’s value down to the benefit of California exporters, the current level of acrimony among the G-20 nations is shocking,” he said. “As the G-20 leaders huddle in Korea this week, there appears little room for a consensus to emerge over how the global economy’s chief players will address some extremely vexing economic and trade policy issues.”

On the import side of the ledger, the U.S. Commerce Department reports that California’s merchandise import trade totaled $28.87 billion in September, an increase of 13.2 percent over last September. California accounted for 17.4 percent of all U.S. merchandise imports in September.

California’s nominal international trade deficit in September amounted to $16.54 billion.

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

While core metrics were down from a very impressive July, the August edition of the Non-Manufacturing Report on Business from the Institute of Supply Management (ISM) was still very strong.

The Clean Cargo Working Group (CCWG) has released a report indicating that in 2014 average CO2 emissions in the global container shipping trades declined 8.4 percent from the year before.

UPS Freight, the less-than-truckload (LTL) subsidiary of UPS, recently announced it has rolled out a new service center facility in Franklin Park, Illinois. This is the company’s fifth Chicago-area service center along with other ones in Aurora, Chicago, Palantine, and South Holland.

Putting the renewed strength in the truckload market into a very positive perspective is a report issued by Avondale Partners analyst Donald Broughton, which was released yesterday. Entitled, “Q2’15 Trucking Capacity; Goldilocks Era Continues,” Broughton explained that in the second quarter only 70 truckload fleets failed, or exited the business. That number may seem high to some, but it is not, especially when you consider that the second quarter of 2014 saw more than five times as many truckload carriers, 375 to be exact, exit the business.

Global demand remains stable as packaging equipment providers of all sizes shift focus

Comments

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


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA