
BAY AREA GLOBAL AIR FREIGHT FALLS
SAN FRANCISCO 01/07/08 Exports declined at the three airports in the San Francisco Bay Area in the third quarter, reports Air Cargo Magazine.
Export value through San Francisco International Airport fell approximately 5%, according to a report from the Bay Area World Trade Center quoted in the publication.
Exports through Oakland and San Jose airports declined as well, as, regionally, air imports were down about 12%. A 60% increase in the cost of jet fuel has affected both domestic and international air freight was cited as a major cause of the drop in air freight activity.
In contrast, San Francisco Bay Area seaports saw the value of exports grow $3.2 billion or 31%.Third quarter seaport vessel weight was up 27%, while imports at the eight maritime ports remained flat.
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