Tag Archives: Economy

The port and maritime industry continues to grow and contribute to the national economy, connecting U.S. manufacturers and households to worldwide markets, according to AAPA’s 2024 Economic Impact Study prepared by Ernst and Young.

AAPA data shows that total containers handled at the 10 largest U.S. ports by volume have declined 31 percent from the recent peak in May 2022 through February 2023. This is a result of a decline of imports by 35 percent, followed by decline in empty containers by 40 percent. Imports represent approximately 50 percent of the total containers handled ...

Paul Bingham, Director of Global Intelligence and Analytics for S&P Global Market Intelligence, will be sharing his expert forecasts for worldwide trade at the new AAPA Port Administration Management Conference taking place June 6-7 in San Pedro, CA. Bingham will address key commercial indicators in his presentation on The Port Economic Outlook 2023 and Beyond. At S&P, Bingham manages multimodal ...

For ports, looking ahead is a serious business. They have to build enough flexibility into their long-term planning and preparations to be ready for a variety of possible scenarios – and not just build for the moment.

Like metal to magnets, supply chains zero in on massive population and consumption centers, and high-volume production belts. Should seaports be concerned with demographic-driven shifts in these freight hotspots?

The port industry serves as a critical cog in the economies of the Western Hemisphere, while maintaining a comparatively low profile in the public’s imagination. In recent years, however, port officials say that has changed.

The maritime industry in the Western Hemisphere is indirectly affected by national economies all around the globe. A look at shifting trade patterns and liner shipping consolidations can provide some insight into how other economies directly affect us and which nations are more likely to have an impact.