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Image via Flickr by fiftynightshades The deadly rail accident in Quebec last month, blamed on the lack of proper application of hand brakes on a train carrying crude oil from North Dakota to Canada, has caused more news this week. According to the Wall Street Journal, the U.S. Federal Railroad Administration has issued a letter…
Image via Flickr by Agência CNT de Notícias President Dilma Rousseff recently created diesel fuel taxes to help the government in Brazil shore up their fiscal accounts. This has caused fuel prices to skyrocket where most places around the world are actually experiencing lower than normal fuel. The diesel tax took effect on February 1,…
Image via Flickr by U.S. Army Environmental Compound According to researcher Anupam Agrawal, a professor of business administration for the University of Illinois, there are several benefits in establishing relationships with suppliers beyond the first tier. However, most companies are neglecting to reach out to such companies. Agrawal recommends companies establishing such relationships by initiating a “sourcing hub”…
Image via Flickr by fdecomite The UPS Supply Chain Solutions Campus in Louisville has a newcomer. CloudDDM LLC is a direct digital manufacturing firm, and they just launched their advanced manufacturing facility. Through a combination of 3D printing technology and automation, CloudDDM plans to provide customers with additive manufacturing services that draw on the location…
Image via Flickr by Investing in Gold The World Bank didn’t paint a happy picture for commodity prices following a lackluster 2013. Gold prices are expected to take a huge hit, dropping during the course of 2014 by 16 percent to $1,050, down from its current price of $1,251 per troy ounce, according to Goldman…
Image via Flickr by Don Mccullough When Amazon announced plans for drone package deliveries last November, sceptics said the FAA would not allow the practice. However, the FAA has long postponed issuing new regulations for flying drones weighing less than 55 lbs and flying at altitudes lower than 400 feet. Though the agency will announce…