Exel has opened a 250,000-square-foot distribution center in Laredo, Tex., in support of the provider's "Logistics Without Borders" supply-chain service.
The Panama Canal set a mark in its history as it reached a new tonnage record of 333.7 million Panama Canal tons (PC/UMS) during fiscal year 2012 which concluded on September 30. This achievement highlights the value of Panama and its significance as a link in the chain of global trade.
This winter Lufthansa Cargo will operate its first all-freighter service to Israel. Europe's leading cargo carrier will begin the service to Tel Aviv from its Frankfurt hub. The new service will begin on Oct. 28 with MD-11 aircraft, and will significantly expand Lufthansa Cargo's presence in the Israeli market.
A slew of luxury goods retailers are leaving Argentina in response to import barriers, currency controls and soaring inflation.
American designer Ralph Lauren was the most recent departure when it announced last month that it was closing three of its stores in Buenos Aires, including its flagship in the upscale Recoleta district, as draconian measures on imports have all but left it unable to stock its shelves.
Chris Schrage, instructor of marketing at the University of Northern Iowa, describes a unique global trade-practices project that involved students from the U.S. and Brazil, and artisans from Latin America.
FedEx is changing its aircraft on the route between Memphis and Queretaro, Mexico to a Boeing 757-200 and will operate five times weekly, increasing its capacity in the market by 50 percent. Jorge Torres, recently named president of FedEx in Mexico, stated: "The decision to increase our cargo capacity is in response to our strategy to become a real business partner with the business in the region, offering competitive services at very reasonable prices ... The decision to increase our cargo capacity responds to our strategy of listening to our clients and their solicitation in a quick way."
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.
Today's new economic environment is increasingly more
volatile, complex and structurally different than in years past,
and in few places is this more apparent than in the movement
of goods and services.
