Content about The Journal of Commerce

January 5, 2012

A 5% rise in containerized import volume last November can be credited to the turnaround in home sales, according to a report in the Journal of Commerce/PIERS. The year-over-year increase to 1.48 million 20-foot equivalent units included a 7% gain in shipments of furniture, a top import commodity.

Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors.

December 20, 2011

The Journal of Commerce and PIERS, a comprehensive database of U.S. waterborne trade activity, have revised their joint forecast for containerized imports into the United States in 2012 downward to 2.8% in year-over-year growth. Their earlier forecast was a gain of 4.7%.

Economist Mario Moreno said the downward revision was the result of the slow U.S. economic recovery, particularly the poor employment market and persistent depressed figures in the housing market.