Trade Experts Forecast Another Strong Year
Shipping Exec Anticipates 8 to 10 percent Cargo Increase
March 27, 2007
Supply-chain experts told a gathering of about 400 people at the Port's annual peak season forecast conference that 2007 looks like another year of smooth sailing with nearly double-digit trade gains.
(To view PDFs of the PowerPoint presentations, click on the name of each presenter. Or click "video" to view a Media Player file of the presentation).
Speaking at the Port of Long Beach’s third annual Pulse of the Ports at the Long Beach Convention Center, Paul Bingham (video, 11 min.) of Global Insight said the rate of growth would slow compared to last year, but there would still be record trade in 2007. Transportation forecaster Bingham said the U.S. economy would grow by about 2.3 percent.
There is no major congestion expected this year, he said.
Alison O'Donnell (video, 7 min.) of the National Retail Federation said she expects national retail sales to climb 4.8 percent, with imports rising 10 percent.
Bill Rooney (video, 12 min.) of ocean carrier Hanjin Shipping said he expected 8 to 10 percent growth in the eastbound transpacific trade, with "not a lot of excitement. The excitement is a bit down the road."
Ed DeNike (video, 16 min.) of terminal operator SSA said the PierPass offpeak truck gates have been a key to increasing capacity, even while port development plans have been at a standstill. He said technology advances have greatly improved productivity.
Anticipating growing trade, Patrick Kinne (video, 9 min.) of the BNSF railroad said his company continues to invest in additional infrastructure and equipment.
Brian Griley (video, 14 min.) of Southern Counties Express also said he expected few problems in 2007. He warned of potential problems in 2008 when the begin replacing the current trucking with cleaner-burning trucks. At the same time, the federal government will require the use of a Transportation Workers Identification Certificate. Although signups for the card are expected to begin this summer, enforcement will not be until next year.