The tide has begun to turn on the flow of manufacturing jobs from the U.S. to China and other low-cost countries, according to a new study from The Hackett Group. Some companies are already reshoring a portion of their manufacturing capacity, and this trend is expected to reach a crucial tipping point over the next two to three years, as the total landed cost gap between the two nations continues to shrink, driven in part by rising wage inflation in China and continued productivity improvements in the U.S.

U.S. factories produce about 75 percent of what the country consumes, but the right decisions by both business and political leaders could push that to 95 percent, say University of Michigan researchers.

U.S. TRANSCOM Commanding General William Fraser III said maintaining a strong domestic maritime industry is critical to the defending the homeland, describing the sector as the "fourth arm of defense." The Air Force General's remarks came at a National Maritime Day celebration at the Washington Navy Yard.

At a time when the pipeline industry is facing opposition to new projects, rail is surging. In the span of months, executives who had never considered moving oil by train are not just tinkering with rail shipments, but embracing them. While these shipments are small for now, by one estimate rail could be carrying 100,000 barrels a day out of Canada by next year; others have suggested more than 75,000 barrels a day is already moving by train.

A first reaction to the announcement on May 13th that China, Japan and South Korea are to open talks on establishing a trilateral free-trade area is to shrug. The idea has been around for a decade. There are many obstacles to its realisation. And not so much as a date has been announced for the talks to begin.

Despite the St. Lawrence Seaway being a seasonal inland waterway, the maritime route provides an essential transportation service insofar as the economical movement of bulk freight is concerned. While extended length ships of 1200-feet sail the Upper Great Lakes of Lakes Michigan, Superior, Huron and Erie, only Seaway-max ships of 600-feet length sail into Lake Ontario.

Six years after it was signed, the U.S.-Colombia free-trade agreement has taken effect, giving the U.S. economy a shot in the arm. Tell us again why this pact was a bad thing?

Is Wal-Mart's alleged bribery in Mexico an anomaly, or is it more typical of multinational behavior than many corporate executives would like to admit? Is the practice of bribing public officials ever justifiable from an economic or ethical point of view? And apart from collapsing share prices and shareholder lawsuits, what are some of the other possible consequences of bribing foreign officials?

U.S. import shipment volume for April, measured in TEUs, increased 9.2% from March and 7.2% from April of 2011, according to Zepol Corporation, a trade intelligence company.

Standard and Poor's Ratings Services said that its baseline forecast for U.S. regions varies but is generally positive, in a forecast published on RatingsDirect on the Global Credit Portal.