FYI Miami: November 21, 2013
Written by Miami Today on November 20, 2013
GASOLINE SURPRISE: Even as the cost of a barrel of oil fell last week for the sixth consecutive week, GasBuddy reports the price of gasoline rose 3.7 cents to average $3.31 per gallon in Miami. While that’s still down 13.9 cents a gallon from a year earlier, AAA reported that oil refinery output had climbed to a 24-year high and prices were under $95 a barrel as oil stockpiles in the US rose for an eighth consecutive week. “It’s a bit premature to say we’ve seen the end of decreases in gas prices for the time being,” said GasBuddy’s Patrick DeHaan, who called the rise in prices here “a bit of a head scratcher.”
HEAVY LIFTING: While Miami International Airport’s cargo gains for the first three quarters of the year are just a quarter of a percentage point, remaining at that pace would still set a cargo record for the airport, edging past last year’s record load of 2,092,253.91 short tons, an analysis by the Florida Foreign Trade Association notes. “The air cargo market continues to be flat,” the analysis says. Globally, the analysis notes, the International Air Transport Association recently upgraded a flat forecast to a 1% to 1.5% gain in air cargo.
WE’RE SHIPPING LESS: International cargo arriving at Miami International Airport continues to grow while cargo shipped out of Miami by air “lags behind and is even below that of 2012,” according to an analysis of cargo figures for the first nine months of the year by the Florida Foreign Trade Association. “What contributes to this,” the analysis says, “is a combination of the slow US economy, which in turn affects US exports, and the fact that with more US airports now serving the international markets,” less cargo is moving through the Miami gateway.
COMPANY BLOSSOMS: Continental Flowers plans to build a 35,000-square-foot home near Miami International Airport on a site it just bought for $3.3 million from North Dakotan Jerry Severson at 8101 NW 21st St. “The new building will double our current capacity and will ultimately quadruple our present site,” said Bill Fernandez, Continental’s president. The company now leases 18,500 square feet at 8175 NW 31st St. but plans to move to its new building at 8101 NW 21st St. Continental distributes flowers from Colombia, Ecuador, Peru, the Dominican Republic and Costa Rica. CBRE arranged the sale of the land and represented both sides in the deal.