The news is bright for both shipping and air cargo, but shipping is seeing the lion’s share of profit growth, according to the latest reports. The International Air Transport Association revised their outlook for the global air cargo industry for 2013 down from $12.7 billion to $11.7 billion.
The most popular time of year for retailers to begin promoting their Holiday season sales is the first two weeks of November. This year, however, retailers are looking to capitalize on the highest level of consumer spending confidence seen since the end of the recent economic recession. Many are beginning their promotional launch for the…
The Federal Reserve issued a report this week that highlights strength in manufacturing, among other sectors of the economy, which bode well for the outlook of both the national and the global economy. Leading the way are the manufacturing of automobiles, appliances, and home furnishings. There were also solid gains in mining and utilities.
The Laker’s Carrier Association (LCA) represents vessel operators on the Great Lakes. U.S. flag Great Lakes Freighters, or lakers, carried 10.5 million tons of dry-bulk cargo in the month of August. This is an increase of more than 1 million tons, or about 10.6 percent compared to the same month of last year. It was…
As businesses, individuals, and the government continue to keep their fingers on the pulse of the economy, it continues to give mixed signals about what the future holds. Some sectors, such as automotive sales, continue to be strong, as new jobs are added and unemployment rates continue to shrink. However, consumer confidence and consumer retail…
Biannually, officials from the business industry and transportation industry hold a meeting to discuss issues affecting the transportation of raw materials and goods. This year’s meeting, scheduled for Tuesday, September 17 in Bismark, North Dakota, is expected to be consumed with discussion about new federal regulations expected to be handed down by the Obama administration…
SK Hynix is the world’s second largest supplier of DRAM (dynamic random access memory) chips, claiming about 20 percent of global market shares in the industry. These chips are necessary to store data in computers, as well as mobile devices such as smartphones, laptops, tablets, and notebook computers. Hynix is a South Korean based company…
States around the country are passing or attempting to pass legislation to try to fill state coffers, but many businesses feel that the result is simply going to be driving business away. The issue has become a three-way battle among legislators looking for new ways to bring in cash for projects such as road improvements,…
Are we loosing or gaining momentum in the manufacturing sector here in the U.S.? If you ask the Institute for Supply Management, things are looking pretty good. They stated recently that their PMI, or Report on Business, climbed 0.3 percent totaling out at 55.7 percent in the month of August, reaching its highest peak of…
Consumers are relying more and more on purchasing merchandise online. One of the top online industries for selling merchandise is Amazon, and with online sellers’ competition fierce, Amazon is searching for a better way to service their customers by introducing same day delivery, but how would this goal be achieved?