Despite Middle Eastern carriers recording a 16-percent, year-over-year, increase in freight demand in July, global cargo markets shrunk 3.2 percent, year-over-year, according to International Air Transport Association statistics. IATA partially attributed this decline to a comparison with a "relatively strong" July 2011, but said global trade growth is still sluggish.
Trade using surface transportation between the United States and its North American Free Trade Agreement partners, Canada and Mexico, was 6.6 percent higher in June 2012 than in June 2011, totaling $82.6bn, unadjusted for inflation, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
Moving at the blinding speed of bureaucracy, the U.S. Securities and Exchange Commission has finally adopted a rule that requires manufacturers to report on their use of conflict minerals from the Democratic Republic of the Congo.
Barry Prentice, professor of supply chain management at the University of Manitoba, believes that airships will play a key role in the movement of cargo in the years ahead. Here's why.
Six months after the Civil Aviation Administration of China gave CDI Cargo Airlines the green light to launch operations, the carrier has commenced B737-300 service from its Hangzhou Xiaoshan International Airport hub to Changchun, via Qingdao. And although Asian cargo has been rather sluggish lately, CDI Cargo's Alex Zhang feels that the carrier is poised for success.
Population trends have vast and wide-ranging impacts, affecting everything from economic patterns to the balance of political power. The ability - and flexibility - to adapt to these shifts, however incremental, will determine a company's degree of success and access to opportunities for many years to come. There is no time like the present to determine what this will likely mean for supply chain management.
U.S. shippers importing goods from Mexico say they are looking for new transportation options, such as rail, as truckload capacity along the border gets tighter.
Schadenfreude is the act of deriving pleasure from observing the misfortunes of others. It helps to explain our enjoyment of tragedy, comedy and reality TV. It's also a convenient emotion to access when we read about economies that are in worse shape than ours. We would be well-advised, however, not to submit to the urge to feel superior to the slow-motion train wreck that is the European Union. What's happening in that dysfunctional coalition promises to have severe consequences for U.S. exporters.
U.S. officials deployed new financial weapons to try to end the bloodshed in Central Africa and the exploitation of natural resources worldwide, raising the ire of corporations that said the rules could cost them billions of dollars.