Saturday, June 26, 2010

U.S. Ports Expand Capacity to Meet Growing Demand

(Logistics Today)

As global trade begins to rebound, U.S. ports are looking to expand capacity to meet the anticipated demand and are focusing on capital development to meet the infrastructure need, according to a recent study by Jones Lang LaSalle.

“Between 2007 and 2009, the nation’s top 13 ports witnessed an 18.5% decline in total volume as both domestic and foreign consumption waned,” notes John Carver, head of the Ports Airports and Global Infrastructure group at Jones Lang LaSalle. “Fortunately, transpacific U.S. bound trade from Asia started to recover in the second half of 2009 and has started to show a positive impact on West Coast ports, with traffic up 14.8% year-over-year.” Read more here.