International Trade News
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.
Sluggish demand and unfavorable exchange rates are driving down U.S. containerized exports to Africa and having the reverse effect on American imports from the continent.
The number of tractor-trailers crossing U.S. borders rose 2.4 percent in the first quarter, following a 4 percent increase last year, according to Department of Transportation data. Border crossings between the U.S. and Mexico outpaced U.S.-Canadian truck traffic.
India’s exports got off to a disappointing start in fiscal year 2015-16, with shipments to the rest of the world in April — the first fiscal month — recording a 14 percent year-over-year decline, according to preliminary trade figures released by the Ministry of Commerce and Industry.
The banana industry in the Philippines is hoping the rainy season will be on schedule as strong demand for the fruit is threatened by an El Niño-induced dry spell in the Southeast Asian country.
The new energy independence of the U.S. has sent African imports of crude oil plummeting, according to PIERS, a sister product of JOC.com within IHS Maritime and Trade.