mglover@sacbee.com
Published: Tuesday, Jan. 7, 2014 - 10:18 am
Some segments (click here) of California’s economic recovery have been characterized as tenuous, but export trade has been blasting along like a runaway train in recent months.
California businesses shipped merchandise valued at $15.22 billion in November, a robust 14.2 percent surge over $13.33 billion in November 2012, according to an analysis of Tuesday’s U.S. Commerce Department figures by Beacon Economics, a consulting firm with offices in the Bay Area and Los Angeles. By comparison, U.S. merchandise exports rose by 5.9 percent over the same period.
The state’s November 2012 figures were slightly depressed by a labor action at the ports of Los Angeles and Long Beach – the International Longshore and Warehouse Union strike shut down 10 of 14 container terminals at the two ports for four days....
