The global machining centers market in automotive, aerospace, metal fabrication and other verticals is expected to grow at a CAGR of close to 6 percent during the period 2016-2020, according to a Technavio report.
The Economic Commission for Latin America and the Caribbean (ECLAC), CAF-Development Bank of Latin America, and Inter-American Development Bank (IDB) have jointly launched a website that tracks infrastructure investments made by countries within the region.
IAG Cargo has begun two new short-haul freight services. It has launched service between Madrid and Amsterdam, to enable easier access for shipments between Amsterdam and Latin America.
Seaboard Marine has launched a new weekly service from New Orleans, connecting U.S. exporters to Colombia, Panama and Costa Rica, in addition to Honduras, Guatemala, El Salvador and Nicaragua.
The United States and Mexico exchanged diplomatic notes to bring into force the new Air Transport Agreement, which the U.S. Department of Transportation anticipates will "significantly increase future trade and travel" between the two countries.
As the thaw continues between the United States and Cuba, the U.S. Department of Transportation has granted FedEx the rights to operate a five-times-weekly freighter service between Miami and the city of Matanzas.
The latest supply chain news, analysis, trends and best practices for companies operating in Latin America. The Latin American region consists of 19 sovereign states and several territories and dependencies that stretch from the northern border of Mexico to the southern tip of South America. Learn how businesses are optimizing supply chain and logistics performance in these regions - addressing a range of challenges such as rising labor costs, poor infrastructure, complex customs and tax laws, unstable political climates and government controlled exchange rates.
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