The International Air Transport Association (IATA) upgraded the global outlook for the airline industry. They anticipate a $12.7 billion profit in 2013 and is $2.1 billion better profit than projected in March of this year and an improvement on the $7.6 billion profit generated in 2012. Though margins remain weak, the net profit margin is expected to be 1.8%. Even with this … [Read more...]
Air Freight Shows Modest Growth for April 2013
IATA (International Air Transport Association) released the information for April air freight. April showed modest growth of 1.4% compared to April 2012. This small improvement may be an indication that economic conditions may be starting to improve. This small increase helped to offset the 2.6% decline recorded in March compared to the year-ago period. And it continues an … [Read more...]
Will US Import Growth Reach Standstill by Summer?
Based on a report, in part, from the National Retail Federation, the import cargo at ports could slow to a standstill this summer. During two of the busiest summer months, the growth is expected to be flat. Though May is expected to post an increase of over 3% from last year, the economy is expected to slow it's recovery. Retailers are cautious about inventory levels. For … [Read more...]
State Exports in 2012
The International Trade Administration (ITA) published the State Reports for Exports in 2012. Below are a few of the highlights for the uppoer midwest States. According to the ITA: Minnesota Exported $20.6 Billion in merchandise shipments in 2012. $6.0 Billion in merchandise Exports to Canada $2,0 Billion in merchandise Exports to China $ 1.3 Billion in … [Read more...]
Unions for Major Industries in India Call for Strike
Unions for Major Industries in India Call for Strike. Due to rising discontent among India's population over economic issues the unions for the major industries, banking and transport included, have decided to go on strike Wednesday February 20th, 2013 and Thursday February 21st, 2013. MUMBAI—Millions of workers from India's banking, transport, manufacturing and other … [Read more...]