Cargo container trade expected to grow for the U.S. in 2017
International trade is expected to grow for the U.S. in 2017, as domestic economic conditions improve and the world economy accelerates, an economic forecaster said Wednesday at the Port of Long Beach’s 13th annual "Pulse of the Ports Peak Season Forecast."
Containerized imports from Asia will increase by a healthy 6.9 percent in 2017, according to panelist Mario Moreno, Senior Economist with IHS Maritime & Trade, which is affiliated with the Journal of Commerce. He expects U.S. container exports to Asia to climb a modest 1.3 percent. He also predicted that the overall U.S. economy will rise by an estimated 2.3 percent.
More than 500 people attended the forecast event at the Long Beach Convention Center. The Port of Long Beach hosts the event each year to bring together industry experts to offer insight into trends in global shipping, and how they affect the San Pedro Bay port complex.
Six experts from all sectors of the supply chain offered their views on new container vessel alliances, fluid international trade policy, railroads, trucking and other issues facing worldwide commerce.
