Shipwire in the News

Industry Statistics

Below are some relevant Industry Statistics that may be relevant if you are writing an article on Shipwire or the shipping and storage industry.

Los Angeles Port:

  • 1st busiest container-port in the United States (#1 ranking since 2000).
  • 8th busiest container-port in the World.
  • 5th busiest container-port in the world when combined with the neighboring port of Long beach.
  • By market share, Los Angeles &Long Beach ports combined bring in 43% of the nation’s imports and 71% of the West Coast’s imports
  • Asia Imports represent the top trading partners (cargo value in 2006) with an estimated $221.5 Billion in inventory value (not shipping costs).
    • China $94.5B
    • Japan $36.8 B
    • Taiwan $13.B
    • SouthKorea $7.6B
    • Thailand $6.9B
  • Relevant container volume stats (measured by Twenty-foot Equivalent Units (TEU’s)) for 2006
    • 448,630 – Clothing & Shoes
    • 195,864 – Computers and Office Machine
    • 163,406 – Toys

Logistics Industry Statistics:

  • From the CSCMP State of Logistics Report, 2006:
  • 2005 business logistics costs were $1.1 trillion, or 9.5% of GDP, up 15.2% from 2004
    • Of this $1.1 trillion:
      • Inventory carrying costs: $393 billion
        • Warehousing: $90 billion
      • Transportation costs: $744 billion, or 6% of GDP
  • LA port handled 4.8 million containers in 2005

Small business Statistics (from SBA), Small Business Powers the U.S. Economy:

  • Represent 99.7 percent of all employer firms.
  • Employ half of all private sector employees.
  • Pay more than 45 percent of total U.S. private payroll.
  • Have generated 60 to 80 percent of net new jobs annually
  • Create more than 50 percent of non-farm private gross domestic product (GDP).
  • Are 53 percent home-based and 3 percent franchises.
  • Made up 97 percent of all identified exporters and produced 28.6 percent of the known export value in FY 2004.

E-commerce Industry Statistics:

  • E-commerce is on Track to Hit $200B in Sales in 2007
  • Retail E-commerce increased 23% in Q3’07 compared to Q3’06
  • From Comscore, retail e-commerce gains in ’07 are being led by electronics and toys, with apparel in the top 10.

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