Global freight traffic was up 1.2% in July year-on-year, "showing a continuation of the modest improvement trend experienced in June" , said the International Air Transport Association (IATA) in its latest report. July was slightly better than the 0.9% year-on-year increase recorded in June, as growth in Europe and the Middle East offset weakness in Asia. As a result of the … [Read more...]
The 2014 FIFA World Cup and 2016 Olympics Brighten Brazil’s Air Freight Industry
As a result of hosting the 2014 FIFA World Cup and the 2016 Olympics, the Air Freight industry in Brazil will experience significant growth. Due to these two events, it is predicated that in each of the next five years, Brazil’s airfreight imports from America and total airfreight industry will rise by a significant percentage. These growth projections are derived from an … [Read more...]
American-US Airways merger challenged by Justice Department
The Justice Department unexpectedly moved to block the merger of American Airlines and US Airways. The lawsuit they filed Tuesday in U.S. District Court in Washington said the American-US Airways deal would go too far and hurt competition because it would leave four airlines controlling more than 80% of the U.S. market. The federal government said it would cause "substantial … [Read more...]
Minnesota adds Trade Office in Dusseldorf-Cologne Germany
Minnesota is opening a Trade Office in the Dusseldorf-Cologne area of Germany to help increase Export opportunities. This news was announced yesterday by Minnesota Officials. Germany was Minnesota's 5th largest trading partner in 2012, accounting for approx $728 million in sales. There are 2 more locations in the works. “As Minnesota continues to compete on a global … [Read more...]
Census Bureau: Deficit Increases in April
For April, the Nation’s international trade deficit increased $3.2 billion from March. Imports increased more than exports. Imports increased $5.4 billion contributing was $3.0 billion increase in consumer goods and $1.3 billion increase in automotive vehicles, parts, and engines. Exports increased $2.2 billion over March primarily due to record high exports in consumer … [Read more...]