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PROGNOSIS * USA - Many issues cloud economic forecast for SoCal ports
A variety of issues will reshape the destinies of the Ports of Los Angeles and Long Beach through 2008-09
San Francisco,CAL,USA -Logistics Management, by Patrick Burnson -25 Feb 2008: -- While there may be “a modest uptick” of 2.8 percent in cargo throughput at the nation’s two largest seaports, all indications suggest growth will be flat for the near term, said analysts for the Los Angeles Economic Development Corp. ... In its “Industry Outlook” released late last week, analysts said that a variety of issues will reshape the destinies of the Ports of Los Angeles and Long Beach through 2008-09... Factors include port container fees soon to be implemented at both gateways levied to help pay for new trucks and infrastructure projects. As reported in LM, a whole host of related legal challenges may also be in the offing... The report noted that the International Longshore and Warehouse Union’s coast-wide contract expires in June, giving some shippers reason to explore other sourcing options... The report had on other cautionary note: "Environmental problems will continue to bedevil the ports of Los Angeles and Long Beach, and they are a growing concern at Oakland and San Diego"...
Labels: markets prognosis
posted by Unknown @ 5:20 AM
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