January 13, 2012 |
California's exporters are expected to have a record year in 2011, surpassing the old mark set during 2008. With December numbers still to be tallied, the state exported another $14.07 billion in goods in November, according to Beacon Economics' monthly California Trade Report. That was a gain of 12.7% over the same month the previous year, the report said. It also brought the 2011 total to $145.81 billion. “Even in inflation-adjusted terms, 2011 will easily turn out to be the best year ever for California's export trade,” said Jock O'Connell, Beacon Economics' International Trade Advisor.
November 14, 2009 |
Many economists use California's exports as a gauge of the state's rebound potential. According to September's numbers, California still has a long way to go. The state's merchandise exports, at $10.35 billion in September, were up 3.2% from August but still down 16.3% from the same month last year, according to an analysis of Commerce Department data released Friday. "September's figures represent modest progress in growing California's export trade," said Jock O'Connell, international trade and economics advisor at the University of California Center Sacramento, which did the analysis.
August 9, 2012 |
California's exporters enjoyed a big month in June, posting impressive gains compared to the same month a year earlier, according to an analysis by Beacon Economics of foreign trade data released Thursday by the U.S. Commerce Department. The gains came in spite of the fact that the value of the U.S. dollar rose in comparison to other world currencies, making U.S. goods more expensive overseas, the report said. The strong showing also came even as many customers of U.S. goods were in the throes of weak economic recoveries.
November 16, 2011 |
At the ports of Los Angeles and Long Beach, imports rule. Improvement projects are designed around the fact that the harbor handles 40% of the nation's Asian imports. Officials once joked that their biggest export was Southern California smog. It may have to rethink that emphasis. In October, Los Angeles had its biggest month ever for exports, and 2011 is shaping up to be a record year for outbound goods. The Port of Los Angeles handled 193,548 cargo containers filled with exports, a 28.1% increase compared with October 2010, buoying what would have been a drop for the month in overall cargo traffic.
December 10, 2010 |
Southern California's twin ports are on track to post total exports for the year that approach the records set before the global recession, just as the region's preeminent air freight hub ? Los Angeles International Airport ? is on pace to set an all-time high for outgoing cargo. Those are good signs for the local economy, despite a less robust showing by imports, which account for the bulk of cargo traffic through the ports of Los Angeles and Long Beach. Export-driven sales growth is helping to lead the region's rebound, experts say; overall, international trade provides work for more than 500,000 people in the Southland.
July 5, 2013 |
Directors of Meade Instruments Corp., which has helped foster the consumer market with its easy-to-use telescopes and binoculars since 1972, may be tipping their hand by Monday on whether to recommend selling the company, plow ahead alone or possibly seek bankruptcy protection. The Irvine company, fighting a sharp drop in sales, is weighing two buyout offers, one from a Chinese company and another from a San Jose venture capital firm. Meade said that if the deals are rejected, the company may opt to file a bankruptcy petition.