At the end of October 2014, a former Army contracting official was sentenced to four years in prison for accepting bribes in exchange for contracts. Now, Intelligent Decisions Inc. is accused of being involved in the kickbacks by giving the Army procurement official free meals, entertainment, and even a car. There is an acceptable amount…
Air France-KLM plans to scale back investments next year to clean up the costs of their recent pilots’ strike. Their profits fell 61 percent during the third-quarter due to the pilots’ strike. The 14-day strike also caused $530 million in lost sales. Of course, that’s not the only problem the airline carrier is facing.
Have you been spending less money at the pump? Fuel prices have been on the decline, and there’s no sign of stopping. That’s true across the board, even for diesel fuel. So, now is a good time to take a road trip if the price of fuel is what has been holding you back. The…
Historically, solar has struggled to compete in the energy industry because fossil fuels and natural gas have always been cheaper. Only environmentally conscious people chose to invest in solar, and most did not see a return on their investment. However, a recent study by Deutsche Bank says things may turn around for solar by 2016.
The Ebola outbreak in West Africa is causing havoc on the world’s economy, but the agricultural industry is seeing one of the biggest hits. West Africa accounts for 70 percent of the world’s cocoa production, and many fear that Ebola will make imports from West Africa more difficult, especially if the disease spirals further out…
India is a heavy importer of fuel. Therefore, their economy is more sensitive to changes in energy prices than other countries. Commodity prices around the world are in a slump, especially for energy products such as oil, gas, and coal. This is proving to be a good thing for India’s economy, particularly in their manufacturing…
UHC is a research alliance for nonprofit academic medical centers around the nation. They conduct studies on the effiicency and quality of hospital supply chains. Since 2007, UHC has been giving awards to healthcare organizations with the best supply chain systems. They conduct a study each year and then present awards based on their findings….
Every year, people expect UPS and other shipping companies to raise their rates to cover rising fuel costs and new services. UPS didn’t dissapoint this year. They announced that they’re increasing shipping rates for services between the U.S., Canada, and Puerto Rico for 2015. The rate increase will take effect on December 29, 2014 and…
The International Longshore Warehouse Union and the Pacific Maritime Association have been arguing over labor contracts since earlier this year. Their disagreements have caused major delays at the West Coast ports. Months later, there is still is no progress.
Ebola is spread from person to person. It is not transmitted through goods shipped from areas where people are infected with the disease. However, the Ebola crisis is still causing shipping delays around the world. The problem is not the goods being shipped, but the drivers and pilots transporting the goods.