Zepol Corporation, a trade intelligence company, reports that U.S. import shipment volume for June, measured in TEUs, was down 3.7 percent from May, but is up 4.4 percent from June 2011. Similarly, Q2 of 2012 has topped last year at this time by 4.7 percent. Although there was a drop from last month, June had the second-highest TEU imports so far this year, outdoing January by a slight 1 percent. Last year saw a comparable trend in the summer months with a moderate dip in June, but spikes in July and August.
The European Commission (EC) has authorised the cross-border use of 25-metre (82-foot) megatrucks, but European parliamentarians and transport lobbies say the EU's executive body has exceeded its authority.
When rain doesn't fall in Iowa, it's not just Des Moines that starts fretting. Food buyers from Addis Ababa to Beijing all are touched by the fate of the corn crop in the U.S., the world's breadbasket in an era when crop shortages mean riots.
Import cargo volume at the nation's major retail container ports is expected to increase 1.6 percent in July compared with the same month last year, and modest year-over-year increases are expected through the holiday season shipping cycle, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Cities have long been the world's economic dynamos, but today the speed and scale of their expansion are unprecedented. Through a combination of consumption and investment in physical capital, growing cities could inject up to $30tr a year into the world economy by 2025. Understanding cities and their shifting demographics is critical to reaching urban consumers and to preparing for the challenges that will arise from increasing demand for natural resources (such as water and energy) and for capital to invest in new housing, office buildings, and port capacity.
This spring, President Obama said he had "good news" to report: Lost American jobs are returning to the U.S. "For a lot of businesses, it's now starting to make sense to bring jobs back home." In trumpeting this "reshoring" of jobs from abroad, the administration points to employers, including General Electric and Caterpillar, that have shifted some manufacturing to the U.S. The president also cited an April online survey by Boston Consulting Group showing that 37 percent of manufacturers with sales of more than $1bn and almost half of those with more than $10bn "plan to or are actively considering bringing back production from China to the U.S." Yet there's little data to back up claims of a reshoring rush.
The International Air Transport Association (IATA) announced global traffic results for May showing a general downward trend in line with deteriorating global economic conditions.
The economics of international trade demand that transportation planners and researchers continually seek methods by which to improve the productivity, efficiency and cost competitiveness of freight transport. These methods have included several developments in intermodal transportation technology and also in the design of intermodal terminals.
The Association of American Railroads reported U.S. rail carloads originated in June 2012 totaled 1,140,271, down 1.3 percent compared with June 2011. Intermodal volume in June 2012 totaled 996,022 containers and trailers, up 49,168 units or 5.2 percent compared with June 2011. The June 2012 average weekly intermodal volume of 249,006 units is the highest average for any June on record and the third-highest for any month, behind August and October 2006.
Oman Air is planning to ramp up it airfreight service. The CEO of the sultanate's flagship carrier is planning to turn Muscat into a major cargo transport hub.