U.S. Export Growth To Continue into 2011, Reports The Journal of Commerce |
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By: The Journal of Commerce Posted: 2011-01-05 05:24:47 |
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Strong export growth experienced across the nation in 2010 was capped by record numbers at many larger ports in November and the momentum is likely to continue in 2011, reports The Journal of Commerce.
Data from research analyst PIERS, a sister company of the JOC, supports the expectation that containerized exports – which jumped nearly 12 percent in the first half of 2010 before slowing in the third quarter – will accelerate to mid- to high single-digit growth over the next few quarters. Fueled by a growing Asian middle class, overseas crop issues and a weak U.S. dollar, demand for U.S. goods from agriculture to manufactured products is accelerating. Congressional approval of a recently negotiated U.S.-South Korea free trade agreement stands to push those exports upward dramatically. "I cross my fingers thinking this is too good to be true, but it looks like it's going to be a long run," said Howard Wallace, president of Los Angeles Grain Terminal. The grain export growth that began in 2009 could last another two years, he added. With optimistic outlooks being reported by a range of sectors, the Administration's goal of doubled exports by 2015 is looking more and more possible. This week's JOC Cover Story analyzes the 2011 outlook for U.S. exports and supply chain interests, exploring the expectations for various commodities and the ever-present concerns of capacity and rates. To view daily news visit www.joc.com. For all media enquires, including article reprints, please contact Editorial Director Paul Page. Since 1827, The Journal of Commerce has been the most trusted source of intelligence for international logistics executives to help them plan global supply chains and better manage day-to-day transportation of goods and commodities in the United States and internationally. To become a member of The Journal of Commerce click here. JOC members have access to our weekly print and digital magazine and Web site, as well as a 10% discount on all JOC events and trade shows, UBM Global Trade Directories and select PIERS products. Authoritative editorial content in the form of daily news, weekly analysis and regular features ensure our members have the information and data necessary to understand the issues facing trucking, rail and maritime transportation. Members enjoy access to "By the Numbers," an exclusive weekly compilation of key industry statistics that provides detailed views of current market trends across all modes. Regular market intelligence reports -- utilizing PIERS trade data -- include Top 100 Imports and Exporters, quarterly Top 40 Container lines, Trans-Pacific and Trans-Atlantic Maritime Forecasts and Top Container Ports and Terminals. Market-sector supplements, including Breakbulk, Cool Cargoes, 3PL, JOC Guide to Trucking and others, ensure all modes are comprehensively covered. About UBM Global Trade - UBM Global Trade is the leading provider of proprietary data, news, business intelligence and analytical content supporting commercial maritime, rail, trucking, warehousing and logistics industries worldwide. The company's portfolio of more than 100 online, print and interactive workflow business solutions includes The Journal of Commerce, Breakbulk, RailResource, PIERS Global Intelligence Solutions and an array of international trade and transportation databases and directories. UBM Global Trade, a subsidiary of United Business Media Limited, is headquartered in Newark, NJ, with offices throughout the United States. For more information, explore www.ubmglobaltrade.com or call 800-952-3839 (+1-973-776-8660 outside the U.S. or Canada). CONTACT: Paul Page, The Journal of Commerce, Editorial Director, +1-202-355-1170, ppage(at)joc.com. |
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