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REPORTS * USA - Is the Bloom Off California’s Rose? Some Say Yes.
US Gulf, East Coast ports vie to attract container cargo and business from the once-Golden State
Los Angeles,CAL,USA -CalTrade Report –4 Dec 2008: -- The continuing global economic crisis, dreary retail sales, and increased efforts by US Gulf and East Coast ports to attract container cargo are severely impacting the volume of goods moving through California’s deep-water container ports, according to the monthly Port Tracker report released this week by the National Retail Federation (NRF)... Overall, nationally cargo volume at the nation’s major retail container ports is expected to decline 6.5% in 2008 compared with 2007 as merchants carefully manage inventories in response to the nation’s slow economy... Container cargo volumes moving through the West Coast ports fell again in October, and 2008 is now expected to be the slowest year since 2004, the report said. Import and export container volume moving through the Port of Los Angeles, the nation's busiest box port, was off 3.9% for the 12-month period ending in October, while the Port of Long Beach, the nation's second ranked port, was down 7.7% during the same period... Meanwhile, the Port Tracker’s congestion rating for the Ports of Los Angeles and Long Beach continues at medium because of new regulations that required trucking companies seeking to do business there to obtain a special concession license...
* Fed sees weak transportation activity
Washington,DC,USA -Land Line Magazine -December 4, 2008: -- The Federal Reserve Bank reported on Wednesday, Dec. 3, that the trucking business is expected to remain in a slump for at least the first three months of 2009... In its so-called “beige book” report, the Fed says freight volumes have seen a slowdown because of fewer shipments of housing, auto, steel and consumer products... Overall economic activity weakened across all Federal Reserve districts since the previous report...
Labels: freight reports
posted by Unknown @ 4:28 PM
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