The Georgia Ports Authority is reporting a seventh consecutive month of declines in imports while exports declined for the first time in the current economic slump.
The November import-export numbers underscore the deepening recession and its impact on global shipping, a big driver of economic activity in Georgia. Total tonnage for November was down by about two-percent. A Georgia Ports spokesman, however, is stressing calendar year figures, which are up by 1.6 percent for 2008. Projections have most other major U-S ports down by an overage of seven-percent in tonnage this year.
The spokesman says, that difference between Georgia and other major ports represents an increase in market share, which will be critical for when the recession ends.
The November import-export numbers underscore the deepening recession and its impact on global shipping, a big driver of economic activity in Georgia. Total tonnage for November was down by about two-percent. A Georgia Ports spokesman, however, is stressing calendar year figures, which are up by 1.6 percent for 2008. Projections have most other major U-S ports down by an overage of seven-percent in tonnage this year.
The spokesman says, that difference between Georgia and other major ports represents an increase in market share, which will be critical for when the recession ends.
