In Asia’s export dynamos, trade is picking up steam. In January, Chinese exports rose year-on-year for the first time in ten months; South Korean shipments have increased for three months in a row. Surveys reveal strong export pipelines in Japan, Singapore and Taiwan. Healthy order books for Asia’s manufacturers normally bode well for global trade […]
Global stocks hit record highs, dollar rises on rate-hike view
Stock prices across the world climbed to record highs on Tuesday on news euro zone business activity accelerated to its swiftest pace in six years, while the dollar gained on the view the Federal Reserve might raise interest rates in March. The revived possibility of a U.S. rate hike next month, together with demand for […]
Ford Sees Big Russia Gamble Vindicated as Sales Finally Turn Corner
Ford has become the first major foreign carmaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market when rivals decided to cut and run.
Port Tracker calls for strong annual growth in first half of 2017
While United States-bound retail container volumes trended down in December, the over all outlook for 2017 volumes appears to be solid, according to the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
U.S. business in China warms to possible Trump trade policy shake-up
“Reciprocity” has become the new buzzword in the U.S. business community in China, with some industry leaders saying they would welcome a tougher approach from the Trump administration in opening up the markets of the world’s second-largest economy.
Mexico minister signals changes to rules of origin in NAFTA talks
Mexico, the United States and Canada could overhaul rules about a product’s country of origin in a renegotiation of the NAFTA trade treaty in order to strengthen regional supply chains, the Mexican economy minister said on Thursday.
Transports Put Up Strong Week Led By LTL And Container Shipping Line Companies
• Transports are now up 3.1 percent; whereas the SPY is up 2.4 percent. • President Trump and U.S.-Mexico issues continue to garner headlines. • Mexico indices and select individual companies performed strongly during the week. • Slower GDP growth for the fourth quarter isn’t such a bad thing; but getting the federal budget passed […]
Cargo-Dedicated Airport Speeds Supply Chain Efficiency
Rickenbacker International Airport, one of the world’s only cargo-focused airports, offers an uncongested option to move air cargo to, from, and within the United States.
US-Mexico currency gap to spur LTL shipping
The strong US dollar and higher fuel prices will mean more less-than-truckload shipping in Mexico and across the US-Mexican border, an executive at trucking industry association and technology provider SMC3 said at the group’s JumpStart 2017 conference here Monday. (This article requires registration at the Journal of Commerce. To access, please click on the above […]
December airfreight prices remain ahead of 2015 levels
Airfreight prices continued to track ahead of the year-ago level in December, despite a seasonal drop-off in prices.The latest figures from consultant Drewry’s Sea & Air Shipper Insight report shows that the average buy rate across 21 major east-west routes reached $3.14 per kg in December.