After years of political unrest, peace is on the horizon for Colombia. The nation’s leaders are now looking for ways to boost its economy. That’s why Colombia is considering broader world trade participation. The country has been talking to the United States about a mutually beneficial agreement. With 48 million citizens, Colombia has significant potential…
Ford might not have been the first automaker to test autonomous cars on the road, but the company is making major strides now. The automaker plans to add 20 more Ford Fusion Hybrid cars to its autonomous fleet in 2016, which would triple the number of cars currently being tested on the road. Ford has…
Automotive sales are on the rebound, as forecasts show that new car sales in the U.S. could exceed 15 million in 2016. Additionally, automakers are launching approximately 500 new car models on the market this year. This situation puts a lot of pressure on the auto parts supply chain industry. Some worry that supply won’t…
Slavery might seem like an issue of the past, but it’s still present in many communities today. If you eat fruits and vegetables, wear cotton clothing, use a cellphone, or eat chocolate, you might be contributing inadvertently to slavery. In recent years, consumers have driven companies to improve environmental practices and transparency in their supply…
Many businesses have come to realize the benefits of lowering their carbon emissions. Not only is this practice good for the environment, but many companies also see increased profits as a result of their efforts. Ocean Spray Cranberries, for instance, cut delivery-related emissions by 20 percent and costs by 40 percent. Take a look at…
Freight truck volume in the U.S. is projected to double over the next decade. This causes significant concern for the environment, road maintenance costs, and highway traffic congestion. Many believe, however, that more trucks are a necessity for economic growth. Take a look at this two-sided dilemma and some possible solutions to the problem.
The Port of London Authority has made strides to improve conditions on the Thames River as a result of record levels of freight and passengers. Some of the Port Authority’s investments include pier extensions at Plantation Wharf, two new MBNA Thames Clippers, and a London Titan maintenance vessel. The Thames River is a major shipping…
In 2015, ocean cargo rates for contracts on major East-West routes saw a sharp decline. As a result, carrier profits have been suffering. Contract rates have fallen because of lower fuel costs, more carrier competition, and surplus vessel capacity. Take a look at what this means for the transportation industry now and in the future.
In recent years, farmers have been looking for ways to increase production while using fewer resources and decreasing their environmental impact. For farmers, technology offers myriad solutions. Sensors can measure soil and water composition, drones can spread fertilizer, and GPS systems can direct robotic tractors to harvest crops. Farming technology is rapidly developing, and it…
In 2012, Hostess filed for bankruptcy. At that time, the company announced that it would no longer manufacture Twinkies or many of the brand’s other goodies. This caused an uproar, and the little spongy cakes started flying off the shelves. Hostess has since completed major rebranding and is finally making a comeback. This article is…