Posted on 03/19/2009 8:23:12 AM PDT by Oldeconomybuyer
Trade valued annually at more than $100 billion moves through The Port of Long Beach, making it the second-busiest seaport in the United States. Everything from clothing and shoes to toys, furniture and consumer electronics arrives at the Port before making its way to store shelves throughout the country. Specialized terminals also move petroleum, automobiles, cement, lumber, steel and other products.
A major economic force, the Port supports more than 30,000 jobs in Long Beach, 316,000 jobs throughout Southern California and 1.4 million jobs throughout the United States. It generates about $16 billion in annual trade-related wages statewide. Port of Long Beach
*TEUs: 20-foot equivalent units or 20-foot-long cargo container
Latest Month
Container Trade in TEUs*
February
Fiscal Year to Date***
2009***
2008
%Change
2009***
2008
%Change
Loaded Inbound
149,299
263,231
-43.3%
1,115,214
1,438,455
-22.5%
Loaded Outbound
92,781
147,275
-37.0%
517,671
700,603
-26.1%
Empties
75,962
119,193
-36.3%
667,046
743,517
-10.3%
TOTAL (T.E.U.)
318,042
529,699
-40.0%
2,299,931
2,882,575
-20.2%
**Preliminary estimate
The size of cargo containers range from 20 feet long to more than 50 feet long.
The international measure is the smallest box, the 20-footer or 20-foot-equivalent unit (TEU).
*** Fiscal Year = Oct. 1 through Sep. 30.
The good news is that those ships will not be returning to where they came from with our jobs and factories. Maybe we can start making those imports instead of buying them.
How can the “Loaded Inbound” and the “Loaded Outbound” numbers be so different?
When a container comes off a ship and goes onto the railroad, does that count as “Inbound” from the ship but not “Outbound” to the railroad?
Outbound means reloaded on a ship, not domestic rail. If you add the loaded and empty outbound the numbers make sense.
I was suspecting that might be the case.
If you’re a “Port”, it would make sense to measure only transactions relative to the ships.
Who will buy these said imports? Trade has collapsed around the world.
Alot of the empties are being sold and being converted into homes in the Los Angeles area boy those democrats sure have a good plan.
Don’t worry. The steveodores union has negotiated a contract that will pay them full pay whether or not they have any work. And this was done 20+ years ago.
“The good news is that those ships will not be returning to where they came from with our jobs and factories.”
The bad news is that everybody involved with this lost trade has lost their jobs, income, customers, taxes, etc. Transportation, warehousing, financing, insuring, wholesale, retail, all across the fruited plain.
Like Obama’s socialism quest: Equal, but at a lower level.
More candidates for government dependency. Be careful about good news.
Tell the Longshoremen in Long Beach about good news.
Make here, make now. [works like oil]
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