In-state businesses shipped merchandise valued at $15.77 billion in June, up 3.5 percent from $15.23 billion in June 2013, according to an analysis of Wednesday’s U.S. Commerce Department figures by Beacon Economics, a consulting firm with Bay Area and Los Angeles offices.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total June exports of $195.9 billion and imports of $237.4 billion resulted in a goods and services deficit of $41.5 billion, down from $44.7 billion in May, revised. June exports were $0.3 billion more than May exports of $195.6 billion. June imports were $2.9 billion less than May imports of $240.3 billion.
Hundreds of truckers who work at the ports of Los Angeles and Long Beach went on strike on Monday to protest what they called unfair labor practices.
The coast’s share of containerized cargo fell from just over half of all tonnage arriving from Asia in 2004 to about 40% in 2013, much of that erosion coming from increased competition from Canada and Mexico. That has contributed to the air of harmony between port operators and dockworkers.
Traffic at the ports of Los Angeles and Long Beach rose in May compared with the same month last year, according to figures released Monday.
Political fallout over the seizure of Crimea has caused the U.S. government to rethink its partnership with Russia on space programs, which has bolstered business prospects for a historic California rocket company.
In the business of seaports, competition for ships to dock and move cargo is tough. In California, new environmental rules make it even tougher. So the Port of Long Beach will soon offer shipping companies two new incentives — both of which aim to boost business while reducing air pollution.
Port spokesman Phillip Sanfield said the jump was in part due to an improving economy. He also said retailers appeared to be importing holiday season goods earlier this year to cover their bases should port labor negotiations fail and affect shipping.
Gov. Jerry Brown on Tuesday signed into law a 10-year exemption from state taxes for certain property used for space flight operations in California.
For the month of February, the state’s merchandise export trade totaled $13.76 billion, up from the $12.70 billion in exports recorded in February 2013. By comparison, overall U.S. merchandise exports increased by just 0.3% during the same period.
Governor Brown Convenes International Trade and Investment Advisory Council, Appoints Former US Ambassador as Chair
SACRAMENTO – Bolstering the state’s efforts to grow international business opportunities for California’s companies, Governor Edmund G. Brown Jr. today established the California International Trade and Investment Advisory Council and appointed former U.S. Ambassador to Hungary Eleni Kounalakis as chair.
A planned expansion of the Panama Canal may be halted because of a dispute between the building consortium and canal authorities over $1.6 billion in extra costs.
For the month of November, the state’s merchandise export trade totaled $15.22 billion, a nominal 14.2% increase over the $13.33 billion in exports recorded in November 2012. By comparison, overall U.S. merchandise exports rose by 5.9% over the same period.
Cargo volume at the Port of Long Beach climbed 2.5 percent in November, compared to the same month last year, according to figures released Monday.