AIRLINK 77.98 Increased By ▲ 1.00 (1.3%)
BOP 4.82 Decreased By ▼ -0.05 (-1.03%)
CNERGY 4.25 Increased By ▲ 0.03 (0.71%)
DFML 42.25 Increased By ▲ 0.46 (1.1%)
DGKC 86.25 Increased By ▲ 1.52 (1.79%)
FCCL 22.70 Increased By ▲ 0.31 (1.38%)
FFBL 30.18 Decreased By ▼ -1.27 (-4.04%)
FFL 9.30 Decreased By ▼ -0.05 (-0.53%)
GGL 10.62 Increased By ▲ 0.46 (4.53%)
HASCOL 6.38 Decreased By ▼ -0.03 (-0.47%)
HBL 109.80 Increased By ▲ 1.20 (1.1%)
HUBC 141.10 Increased By ▲ 0.61 (0.43%)
HUMNL 10.39 Decreased By ▼ -0.13 (-1.24%)
KEL 4.85 No Change ▼ 0.00 (0%)
KOSM 4.42 Increased By ▲ 0.19 (4.49%)
MLCF 37.99 Increased By ▲ 0.30 (0.8%)
OGDC 127.15 Increased By ▲ 0.51 (0.4%)
PAEL 25.02 Decreased By ▼ -0.01 (-0.04%)
PIBTL 6.26 No Change ▼ 0.00 (0%)
PPL 118.11 Increased By ▲ 1.82 (1.57%)
PRL 25.56 Decreased By ▼ -0.18 (-0.7%)
PTC 13.56 Decreased By ▼ -0.04 (-0.29%)
SEARL 56.90 Increased By ▲ 0.31 (0.55%)
SNGP 63.52 Increased By ▲ 0.32 (0.51%)
SSGC 10.05 Increased By ▲ 0.07 (0.7%)
TELE 7.96 Decreased By ▼ -0.04 (-0.5%)
TPLP 10.14 No Change ▼ 0.00 (0%)
TRG 66.79 Increased By ▲ 0.77 (1.17%)
UNITY 26.90 Increased By ▲ 0.07 (0.26%)
WTL 1.33 No Change ▼ 0.00 (0%)
BR100 7,797 Increased By 23.8 (0.31%)
BR30 25,078 Increased By 114.4 (0.46%)
KSE100 74,421 Increased By 201.1 (0.27%)
KSE30 23,882 Increased By 103 (0.43%)

California needs to expand its seaports, airports and other shipping infrastructure to avoid missing much of an expected boom in international trade with Asia, according to a report released on Wednesday.
Because of rising overseas trade with Asian countries, freight and products flowing through California's ports may triple in weight by 2020, according to San Francisco's Public Policy Institute of California.
"Without more and better capacity, the state's infrastructure probably can't handle the growing demand - in effect, curbing growth," said Jon Haveman, an institute research fellow.
Additionally, the dollar value of exports shipped through the state may nearly triple and the dollar value of imports coming into California may nearly double through 2020, according to the institute.
But those expected gains will depend on improving the efficiency and increasing the capacity of California's ports, roads and railways, the institute said.
The institute's noted California's airports have already lost business in recent years as shippers looked for less congested runways and cargo facilities.
While the dollar value of trade through California's airports rose through the late 1990s, their share of US trade fell to 21 percent in 2002 from 38 percent in 1995, with half of the decline the result of shippers' taking their business elsewhere, the institute report said.

Copyright Reuters, 2004

Comments

Comments are closed.