More than 16 million U.S. jobs depend on imports, according to a new study commissioned by the Consumer Electronics Association, the U.S. Chamber of Commerce, the National Retail Federation, and the American Apparel & Footwear Association.
The economic impact study, which was prepared by Laura M. Baughman and Joseph F. Francois of Trade Partnership Worldwide, [...]
The following analysis is from the Japanese newspaper Asahi Shimbun:
Akira Amari, minister in charge of the TPP, said the United States, which has led the TPP negotiations, made a number of key demands of Japan because it is only now ready to join the TPP process. Amari said Japan and the United States [...]
Japanese farmers protest against the Trans-Pacific Partnership in Tokyo. Their banner reads: ‘We absolutely oppose Japan’s participation to TPP.’
Farmers in the US are pushing for Japan to join the 11-nation Trans-Pacific Partnership as a way to gain access to the world’s third-largest economy as automakers seek to exclude the Asian nation until it [...]
From the Journal of Commerce:
President Obama has introduced the Rebuild America Partnership, which aims to bring together new and existing policies to encourage private investment in U.S. infrastructure.
As part of the plan, the president is proposing to enact a national infrastructure bank capitalized with $10 billion, in order to leverage private and public [...]
Monthly container volumes at the Port of Oakland surged more than 12 percent in February 2013, as shippers in Asia increasingly moved goods West prior to the start of Lunar New Year celebrations.
Oakland terminals moved a total of 187,701 TEUs in February, a leap of 12.5 percent from the same month in 2012. The [...]
From the Journal of Commerce:
Carriers in the eastbound Pacific look to 2013 as a year in which they will return to profitability. They also intend to avoid the extreme rate volatility that defined their relationship with customers last year.
This optimistic scenario could play out if carriers’ performance in January sets the tone for [...]
Despite using public ports, Coast Guard assistance, federal customs operations and tax-payer funded roads and bridges, Carnival uses a tax loophole that allows companies incorporated overseas to avoid U.S. taxes, even if the bulk of their operations are based in the states. The New York Times reports that between 2008 and 2011, 26 major [...]
Two recent news items from Tacoma’s News Tribune:
Port of Tacoma reports best year since 2008
A new report from the Port of Tacoma shows container traffic up nearly 16 percent last year over 2011 to 1.711 million container units.
That container volume was pumped up by the move of the Grand Alliance container [...]
Honolulu-based ocean shipper Matson Inc. on Thursday reported a net income of $15.6 million, or 36 cents per diluted share, for the fourth quarter of 2012, compared to net income of $1.6 million, or 4 cents per diluted share, during the same quarter in 2011.
Matson, however, reported that Hawaii container and auto volume was [...]
From the Huffington Post:
If you feel the economic recovery hasn’t helped your pocketbook much, it’s not just your imagination.
The annual wages of the bottom 90 percent of workers declined by 1.2 percent between 2009 and 2011 when adjusted for inflation, according to a new report from the Economic Policy Institute, a [...]
From the Los Angeles Times:
Los Angeles Mayor Antonio Villaraigosa has had enough. He wants round-the-clock bargaining to end the six-day-old strike at the ports of Los Angeles and Long Beach, with the help of a mediator.
The strike has pitted the 800-member International Longshore and Warehouse Union Local 63 Office Clerical Unit against some [...]
Carriers that already have idled about 6 percent of the global fleet are likely to start idling more ships in the next few weeks as the peak season winds down, according to a global shipping consultant.
The glut of global vessel capacity next year and the year after is beginning to look like 2012 all [...]
Maersk, the largest container line by market value, will report a 44 percent gain in net income to 21.9 billion kroner ($3.8 billion) for this year, according to the mean of 18 analyst estimates. The Copenhagen-based company also owns oil tankers and drilling rigs, with container shipping generating 45 percent of revenue, data compiled by [...]
The agribusiness giant made nearly $1 billion in its latest quarter, quadrupling its results despite severe droughts in key growing areas.
Cargill Inc. posted its strongest quarter in more than a year on Wednesday, buoyed by cost reductions, acquisitions and improvements in many of its businesses.
The Minnetonka-based agribusiness giant, one of the world’s largest [...]
International container volume in North America increased 3.9 percent during the second quarter, marking the best quarterly results in a year, according to the Intermodal Association of North America’s (IANA) “Intermodal Market Trends and Statistics Report” issued last month.
In absolute terms, the quarter also served as the international segment’s highest second quarter since 2008, [...]