Import cargo volume at the nation's major retail container ports is expected to increase 6.3 percent in August compared with the same month last year, and 2012 should show an increase of 4.8 percent over last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On July 25th Lenovo, a Chinese computer firm, announced a deal to sponsor the National Football League. The PC maker has come a long way since 1984, when it was founded by 11 engineers at the Chinese Academy of Sciences who wanted to supplement their meager stipends.
The Supply Chain Group of third-party logistics provider LeanCor is expanding operations to the Chinese market. The unit will launch logistics services, training and education efforts to support the logistics, infrastructure and academic needs of Chinese and American companies.
Cargo volumes dropped steadily at Frankfurt Airport during the first half of 2012, Fraport Group traffic figures show. In addition to recording a 9.9-percent, year-over-year, drop in domestic freight volumes, the airport saw an overall tonnage stall of 9 percent from the first six months of 2011. The declines were "strengthened" by the night-flight ban imposed last fall.
What Rust Belt? Timothy Butler, associate professor at Wayne State University's School of Business Administration, details how Southeast Michigan's economy - of which the automotive industry is a major piece - is recovering.