International Trade News
Canadian containerized imports are slated to rise 4 percent this year compared to last year, according to World Trade Services, a sister product of JOC.com within IHS Maritime & Trade.
Two decades after the enactment of NAFTA, the debate over free trade has again risen to the top of the U.S. political agenda. This time, the controversy rages around the looming Trans-Pacific Partnership, a 12-nation trade bloc that would unite the U.S. and 11 other Pacific Rim countries in a wide-ranging pact that would establish new rules for international trade, intellectual property and foreign investment.
Merchandise trade between Japan and the United States is expanding at a breakneck pace, as Japan’s exports and imports both charged ahead by more than 20 percent for the second straight month in April on a year-over-year basis.
High-tech companies around the world expect exports to grow over the next two years, but air cargo freight and passenger jets are set to gain not container lines.
Mexican exports this year are set rise 5 percent on increased demand for automobile shipments and other manufactured goods built in Latin America’s second-largest economy.
Germany, the Netherlands and Belgium are the biggest beneficiaries of increased U.S. demand for European goods and materials, according to PIERS, a sister product of JOC.com within IHS Martime & Trade.
More high-tech companies across the globe are moving their operations back to, or near, the location of demand for their products, building more flexibility into their supply chains, according to a new study published by UPS.
Palletways, one of several groups offering shippers a palletized freight network in Europe, says it plans eastward expansion as cross-border volume within its network grows.
Footwear importers are doing more business in Southeast Asia than ever before, and imports from that region will grow even faster if the U.S. approves the Trans-Pacific Partnership trade agreement.
C.H. Robinson Worldwide is priming its $330 million Global Forwarding division for faster growth in 2015, naming Mike Short president and opening new offices in Asia and Europe.