The International Air Transport Association (IATA) released January performance data showing a strong rise in airfreight growth compared to a year ago. Global freight tonne kilometers (FTKs) rose 4.5 percent in January compared to January 2013. This is a significant acceleration on the 2.2 percent year-on-year growth rate recorded in December, and is well above the 1.4 percent full-year growth reported for 2013 as compared to 2012.
Analyst Insight: Economic growth has recently slowed in the BRICS countries, causing concern among both global and domestic investors. In many industries, the time for reaping quick rewards from investment has passed. If companies want to continue succeeding in the BRICS markets, they need to increase their focus on creating competitive operational models, with a major emphasis on improving supply chain management. - Viktoria Sadlovska, Managing Director, Prameya Research, & Lead Author of the Pragmatic Value Chains Blog
National Shipping of America (NSA) is partnering with Rickmers-Linie (America) to provide additional global connections to Puerto Rico shippers, and expand breakbulk services to the island.
I was privileged to accompany the 2001 U.S. Logistics Leaders delegation to Cuba, and ended up being the expedition's recording secretary. The trip diary outlined our activities and contacts, and plunged into observations about supply chain and logistics conditions in the island nation, an inescapable force in the Caribbean Basin, a significant presence among islands it dwarfed, and with a population of some thirteen million. The trip record was published in The Journal of Business Logistics later that year.
INTTRA, the multi-carrier e-commerce network for ocean shipping, announced a strategic agreement with CSAV Group, one of the largest shipping companies in Latin America, to make INTTRA a preferred e-shipping platform for CSAV Group's customer base of shippers and freight forwarders.
Cuba on Monday inaugurated a $957m port billed as the most modern in Latin America and crucial to the economic future of the communist-ruled island in a project financed by Brazil and equipped for ships passing through an expanded Panama Canal.
