A bitter dispute between the Panama Canal and a Spanish-led consortium of construction companies over the spiraling cost of expanding one of the world's busiest waterways was years in the making.
Figures from the International Air Transport Association show a 6.1-percent growth in demand measured in freight tonne kilometers for airfreight in November 2013 over the same month in the previous year. November's performance is an improvement on the 4.4-percent year-on-year demand expansion recorded in October. This continues an improvement trend in the weak air cargo markets which has been developing over 2013.
North American shipment volume continued on a downward path in November, according to the Cass Freight Index. The dip was not unexpected, as this is the same weak year-end movement observed for the last three years. Stronger than expected manufacturing activity and shipments of seasonal goods offset a general slowing of freight movements to temper the drop in shipment levels.
When Mexico set up the first maquiladoras half a century ago, they were sweatshops that simply bolted or stitched together imported parts, then exported the assembled product north across the border to the United States. America got cheap goods; Mexico got jobs and export revenues. Now, with competition growing from other low-cost locations, and with the government cutting some of their tax breaks, the maquiladoras are having to step up their efforts to become innovative.
The "Beyond BRIC markets" -- the rising automotive markets emerging behind the quartet of Brazil, India, Russia, and China -- offer the last great growth opportunity in a world in which established markets are largely characterized by stagnation or low growth and the key stakes have already been distributed in the BRIC markets.
The third-party logistics services industry is growing at a faster rate this year than gross domestic product, but experts at Tompkins International anticipate more aggressive growth than the 6 percent cited by other sources.