California's Economy Booms - get the details here with Clear Lane Freight.

Since 2000, California’s economy has shown steady growth—so much, in fact, that its gross domestic product is on the verge of becoming the fourth largest in the world, behind the U.S., China, and Japan. While many current figures won’t be finalized until 2023, one forecast even suggests that California has already surpassed Germany by $72 billion.

The state’s top three industries are technology hardware, media, and software, but its fastest-growing sector is renewable energy. Market capitalization in this sector grew by 731% over the last three years. The strength of California companies also drove unemployment to a historically low 3.9% in July 2022. While the state faces challenges such as high cost of living, inflation, and homelessness, business has continued to boom in an atmosphere that promotes innovation and entrepreneurship.

Keeping shipping costs down is key for California companies managing expenses as they expand. This has been more difficult over the past few years in the pandemic-era freight market. Throughout, Clear Lane Freight has remained focused on providing economical, reliable options to move non-time-sensitive goods throughout the state and around the country. Find out more about how we can help your California business thrive by contacting us here.

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