Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-Traffic at Austin-Bergstrom International Airport continued to post year-to-year declines in June as the impact of the high-tech slowdown and post-Sept. 11 travel drop-off lingers. Passenger traffic was down 11% and cargo traffic was off 7%.

Air cargo traffic, one measure of economic activity, totaled 23.6 million pounds in June, down from 25 million pounds in June 2001. The year-to-date decrease has been 23% to 136 million pounds from 176 million pounds. International air cargo took a severe drop from June 2001 with 276,804 pounds this year in comparison to 2.4 million pounds.

Economist Ray Perryman, in a recent speech to the Real Estate Council of Austin, said that two-thirds of Austin’s exports go to Asian countries and that 90% of those exports are computers and electronics equipment. He said the city’s export levels, reflected in air cargo figures, won’t recover until those countries perk up and pick up their imports of Austin’s high-tech equipment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.