The headline news on the North American ro ro market makes grim reading as ports feel the impact of tumbling automotive markets and the wider economic recession.
Images of imported cars piling up in container terminals in Los Angeles and Long Beach have been one of the most visible images of the recession. Anyone driving over the Vincent Thomas bridge from San Pedro to Terminal Island can now see over 245 acres of parked imported cars and one shipper, Toyota, recently put in a request to increase its leased space from 160 to 210 acres as it struggles with falling demand. Automobile volumes at Long Beach were down 17% in 2008 on 2007 and by a massive 87% this February compared to February 2008....
Read this item in full
This complete item is approximately 2000 words in length, and appeared in the April 2009 issue of WorldCargo News, on page 29.
Full-access subscribers only:Click here to download this issue now in PDF format
Click here to buy this issue, and download it now in PDF format
Click here to subscribe online to WorldCargo News now and get immediate access to this issue
Click here for a sample back-issue of WorldCargo News
Read related items
Click on the links below to read other news and features related to this item.
