Southern California Industrial Real Estate Blog

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1. It’s bigger in Texas.

   Comment by Lone Star — April 30, 2008 #

2. California Edges Out Texas in May for Top Exporter
   The Lone Star State kept ahead of the Golden State for bragging rights as the top state exporter in May. Texas outpaced California with $13.5 billion in exports versus $13.2 billion in terms of U.S. Principal Parties of Interest (USPPI) for respective year-over year increases of 21.1% and 10.9%. Year-to-date, however, California still led in total exports (by a nose) with $62.9 billion (an increase of 10.9% from a year earlier) compared with $62.7 billion for Texas (an increase of 21.1% from a year earlier). Texas edged out California in the export of manufactured goods ($11.1 billion to $9.2 billion) in May, while California maintained its perennial position as the dominant exporter of non-manufactured goods ($1.7 billion versus $957 million).

   Using the BEA’s Origin of Movement (OM) series, Texas again led the nation in May with $16.8 billion in total exports, a year-over-year increase of +18.1%. During that same period, California saw its total exports increase by 12.4% to $12.7 billion. California’s exports of manufactured goods increased by +10.0% year-over-year to $8.9 billion, while exports from Texas jumped by +17.7% to $13.7 billion. California’s non-manufactured exports increased by +25.4% to $1.6 billion while Texas’ non-manufactured exports increased by 63.9% to $1.2 billion. Year-to-date, California total exports have increased by 12.4% to $59.9 billion and Texas total exports have increased by 18.4% to $79.1 billion from the same period in 2007.

   State export data by commodity are not available by USSPI. However, commodity data is available for OM state export figures. Air transportation equipment and parts, steel scrap, and motor vehicles made the largest contributions to year-over-year growth of California OM exports. Oil products contributed the most to the year-over-year growth in Texas OM exports. Rising prices for steel and oil have been major factors rising exports of steel scrap and oil products.

   The USPPI measure allocates export trade value according to the location of companies having the greatest economic interest in an international transaction, while OM measures trade values at the point where international shipments begin, often at consolidation points near border crossings or other ports of exit. Given its long border with Mexico, Texas is home to numerous international border crossings and warehousing facilities, as well as major rail links between the United States and Mexico. Industry observers believe that many shipments originating in other states (including California) are credited as Texas exports to Mexico under the OM state export series. (Eduardo J. Martinez)

   State export (OM):http://www.census.gov/foreign-trade/Press-Release/current_press_release/exh2s.txt
   State export (USSPI): http://www.census.gov/foreign-trade/statistics/state/zip/index.html
   PR: http://www.bls.gov/news.release/pdf/empsit.pdf

   Comment by Eduardo J. Martinez — July 14, 2008 #

3. Japan Set New Domestic Record for FDI

   Japan’s imports and exports both recorded their highest levels ever in 2007, with exports topping US$700 billion for the first time and the export-to-GDP ratio reaching 16.3%, also a record, according to fhe Japan External Trade Organization (JETRO), which released a summary of it 2008 White Paper on International Trade and Foreign Direct Investment (FDI). In 2007 Japan also recorded its highest ever level of inward FDI, totaling US$22.2 billion. A recent JETRO survey of foreign-affiliated firms in Japan revealed that the country’s business environment is being viewed more favorably.

   Comment by JETRO — August 16, 2008 #

4. GrJRcu gps34JsDl901Wp4kV

   Comment by dust — September 16, 2008 #

5. Port of LA-LB Container Traffic Slump Continues in September

   Total container traffic at the combined Ports of Long Beach and Los Angeles in September decreased by -10.7% from a year earlier in what is the traditional peak shipping month ahead of the holiday shopping season. September marked the fourteenth consecutive month of year-over-year decreases in total container traffic at the two ports. Loaded inbound containers decreased by -12.1% to 646,296 TEUs last month from a year earlier (also for the fourteenth consecutive month).

   Port of Long Beach PR: http://www.polb.com/economics/stats/latest_teus.asp
   Port of Los Angeles PR: http://www.portoflosangeles.org/maritime/stats.asp

   Comment by Eduardo J. Martinez — October 20, 2008 #

6. California Exports Continued Strong Growth in August, Behind Texas

   California exports increased by 11.2% to $13.7 billion in August compared
   with a year earlier; however, the Golden State trailed Texas with its
   increase of 29.5% to $14.8 billion in exports (as measured in terms of U.S.
   Principal Parties of Interest USPPI). Texas edged out California in the
   export of manufactured goods ($12.4 billion to $9.7 billion) in August,
   while California maintained its perennial position as the dominant exporter
   of non-manufactured goods ($1.6 billion versus $0.8 billion). Texas
   maintained its lead in August for year-to-date total exports with $107.6
   billion in exports (an increase of 26.5% from a year ago) compared to $103.8
   billion for California (an increase of 11.8% from a year ago).
   full article

   Comment by LAEDC — October 21, 2008 #

7. Sluggish Port Activity Weighs on Industrial
   By Don Jergler
   LONG BEACH, CA-Los Angeles and Orange County industrial markets are both posting negative net absorption in the third quarter, and the twin ports of LA and Long Beach are suffering from a slowdown in container volume.

   Comment by Don Jergler — December 3, 2008 #

8. According to the Washington-based Association of American Railroads, cumulative freight volume for the first 52 weeks of ‘08 totaled 16.57 million carloads, down 2.2% from the previous year’s total. More alarmingly, volume for the first four weeks of December was off about 20%. The steep December drop indicates not only that the situation is worsening but that the holiday shopping season failed to provide any pick-me-up at for the beleaguered industry. What’s more, precipitous drops from 33% to 53% for commodity categories related to the construction industry suggest particularly hard times for owners of properties leased to building firms and their suppliers.

   Railroads serving Canada and Mexico appear to be faring slightly better, partly as a result of a larger percentage of goods arriving at Canadian and Mexican ports for transport to US markets. Results for the two countries, however, are mixed rather than positive. For example, AAR statistics show cumulative trailer and container volume for Canadian railroads was up 1.4% from ‘07. At the same time, cumulative originations were down 6.3%. In addition, carload and intermodal traffic fell 25.7% and 35.5%, respectively, in the final week of the year, an even greater fall than the US experienced.

   Comment by John McCloud — January 17, 2009 #

9. “While this is a significant month-over-month improvement, it is still a sign of continuing weakness in the sector,” Norbert J. Ore, chair of the Institute for Supply Management’s Manufacturing Business Survey Committee.

   Comment by Institute for Supply Management — February 12, 2009 #

10. In the US, the Commerce Department reported factory orders fell 3.9% in December, marking the fifth consecutive month of decline. The downturn followed a 6.5% decline in November. According to the Institute for Supply Management in Tempe, AZ, measures of production and new work received fell at the fastest rates in the 61-year history of the organization’s national survey.

    However, the rate of decline as measured by the PMI was slower in January than in December. In addition, the January New Orders Index was at 33.2%, up from the seasonally adjusted 23.1% recorded in December, the lowest level on record.

    Comment by John McCloud — February 13, 2009 #

11. The trade deficit, which measures the difference between imports and exports, dropped to $26 billion in the month of February, from a figure of $36 billion in the first month of 2009. This translates into the smallest trade deficit in almost ten years. Imports continued to plunge for the seventh straight month, shrinking by 5.1 percent to $152.7 billion from $160.9 billion in January. Exports grew from $124.7 billion in January to $126.8 billion in February.

    Overall, imports continued to fall as companies are reducing levels of inventories and reducing their spending on industrial goods, capital goods and foreign-made machinery. Company executives are at a point where they have come to the realization that the world economy is in a deep recession and that they need to buckle down. At the same time U.S. consumption continues to diminish, as the affects from the current recession impact the levels of demand for items such as furniture, toys and televisions.

    On the other hand exports increased by 1.6 percent escalating by $2 billion. The rise in exports was the very first increase since last July, which has led to some economists becoming encouraged about results for gross domestic product growth in the first quarter.

    Comment by LAEDC Kyser Center for Economic Research — April 13, 2009 #

12. As communities feel their way toward new patterns of growth and development, there’s much demand for tools and resources to guide changes—and a hunger for real-life examples of what works.

    The American Planning Association (APA) has developed a variety of programs in recent years to support “smart growth” initiatives, including a recently completed seven-year project to design new model laws for land-use planning. APA is a partner in a coalition of national, state, and local groups organized as Smart Growth America.

    Comment by National Geographic News — June 24, 2009 #

13. Mary Lou LoPreste is probably most well known for her work on Sun Harbor Marina, a property she previously owned and managed in the San Diego Harbor. The marina complex was the first marina to receive Leadership in Energy and Environmental Design certification.

    Comment by Holly Fisher — August 13, 2009 #

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