Fiscal year 2007 was another year of growth in the U.S. liner trades. Total cargo volume of U.S. liner exports grew by 12 percent, in contrast to the slight decline in imports for the first time in years. Notably, cargo growth in imports from Asia slowed substantially this fiscal year, though China continued to be the leading trading partner in liner cargo with the U.S. The Commission continued to monitor the international liner trade, focusing this fiscal year in large part on issues relating to ocean common carriers and marine terminal operators in filed agreements. The Commission kept close watch on agreements that had potential for the greatest impacts, namely the Transpacific Stabilization Agreement and the development of the Clean Truck Program (CTP) in the Ports of Los Angeles and Long Beach under the Los Angeles and Long Beach Port Infrastructure and Environmental Programs Cooperative Working Agreement. The Commission saw a welcome decline in the number of household goods complaints received this year, possibly attributable to formal action and outreach undertaken in the previous year. Continuing to focus on improving accessibility to the public, the Commission made available an electronic method for filing an application for an ocean transportation intermediary license. Use of the electronic application is voluntary at this time and is available at a reduced filing fee. The Commission undertook a number of compliance presentations and public service announcements in major port areas. The Commissions website was continually updated to maintain current and useful information in a user friendly fashion. This Annual Report highlights areas of particular interest and provides an office-by-office synopsis of activities and accomplishments during the past fiscal year.