AAPA says U.S. trade shows signs of life
Exports posted double-digit gains both from a year ago and from September 2008
Latest NewsPeak season forecast puts Port of Oakland in positive position FTR’s Trucking Conditions Index is flat sequentially but remains positive AAR reports annual U.S. carload and intermodal gains for week ending July 15 Supplier Relationship Micro Management June Cass Freight Index report is solid More News
Latest ResourceDownload: Material Handling Technology Survey Results Readers are buying and replacing warehousing and distribution center software, but not before they do their own homework.
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 Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
Southern Glazer’s Wine & Spirits: Designed to Last Automation: What’s at the heart of your system? View More From this Issue