Economy Watch

Myanmar pharmaceuticals, shutterstock photo
Consumer spending on over-the-counter health care products in Myanmar is anticipated to grow from around $140 million in 2013 to $480 million by 2020, providing a huge and growing market for distributors and logistics providers.

The price of low-sulfur fuel per metric ton in Rotterdam, the Netherlands, a global indicator of bunker prices, has dropped $46.21 in six weeks.
Spot prices for low-sulfur bunker fuel sank for the sixth straight week last week, a total drop of just over 7 percent.

India’s merchandise exports rose for the third straight month in June on a year-over-year basis, expanding 10.22 percent to $26.48 billion...

A stronger U.S. industrial economy and surging imports are helping trucking companies hire more workers, despite continued reports of a driver shortage.

Translucent varieties of DuPont’s Corian® solid surface material.
The top 10 companies among JOC’s Top 100 exporters were responsible for exporting 1,454,700 TEUs in 2013.

Stacks of money
A West Coast port strike by the International Longshore and Warehouse Union would have a multibillion-dollar impact on a still-shaky U.S. economy, according to a study commissioned by retailers and manufacturers.

LTL shipment at warehouse
Freight is flowing more quickly through LTL terminals nationwide — a sign, carriers hope, of a steadier economic recovery.

Port in Thailand
Thailand, Vietnam, Indonesia and India are poised to kick their export growth into higher gear over the next five years.

Shanghai port
Asia’s export growth will bounce off the lows of 2012-13 and still be the envy of the world over the next five years.

U.S. shippers haven’t been this optimistic about volume growth in the coming 12 months since The Hurt Locker won the Academy Award for Best Picture and an Icelandic volcano disrupted flights to and from Europe.