The Amazon effect is raising consumer expectations for delivery services - expectations that logistics providers are struggling to meet without degrading margins, says Robert Lieb, supply chain management professor at Northeastern University. Lieb discusses this and other trends revealed in the annual survey of global 3PL CEOs.
Fred P. Hochberg, chairman of the U.S. Export-Import Bank signed a memorandum of understanding with Chairman K.S. Popli of the Indian Renewable Energy Development Agency (IREDA) to explore options for utilizing up to $1bn to finance the sale of U.S. clean energy exports to India.
South Korea and China agreed on a bilateral free trade agreement (FTA) that is expected to create the largest economic bloc in Asia. Once implemented, the Korea-China FTA will significantly boost bilateral trade between China, the world's second-largest economy, and South Korea, the fourth-largest in Asia.
AirBridgeCargo Airlines (ABC), Russia's largest international cargo airline and a part of Volga-Dnepr Group, is increasing its Boeing 747 freighter flights linking Tokyo and Seoul with Moscow.