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22 November 2008 The on-line newspaper devoted to the world of transports 07:24 GMT+1



June 19, 2006
(posted June 10)

Shipping Industry Sees Signs of Slowing

Importers are benefiting from lower freight rates as trade growth cools down and capacity increases.

By Ronald D. White, Times Staff Writer

Crammed inside a big metal box, Charlie Woo's toys make their way from Asia to his downtown Los Angeles warehouse. Lately, the trip has become less expensive for containers of miniature tea sets, remote-control cars and super-size squirt guns.

Woo, owner of Megatoys, says that shipping rates have dropped and that he is saving US$50 to US$100 for each cargo container he fills. That might not sound like much, but Woo uses 2,000 of the 40-foot containers a year, so that amounts to at least US$100,000 in annual savings, he said ......
Read more on Los Angeles Times





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