Wealthy Chinese are Spending Luxuriously – Companies and businesses around the world have reported a 2011 year-end trend of giant increases in Chinese spending on luxury goods. Research by Wang Xiaolu, deputy director of the National Economic Research Institute in...
Record Traffic at Port of Singapore – The Port of Singapore set a new port record of 29.9m TEUs for 2011, a 5.3% increase over the previous year. Singapore remains a key transshipment hub for the region’s container traffic; however, the port is improving its chemical...
Port of Seattle Seeks to Avoid Cargo Diversion –The Port of Seattle is protesting a “loophole” in the Harbor Maintenance Tax. Currently, importers are able to bypass the tax by using foreign gateways in Canada and Mexico and then delivering their cargo to the U.S....
A Loss for the Port of Long Beach – The Port of Long Beach lost one of its most influential port directors when James H. McJunkin died this week. Since his appointment in 1963, Long Beach has become one of the U.S.’s premiere container ports. Mr. McJunkin was...
Oakland Officials Reject New Tactics to Combat Protests – Council members rejected calls for stronger tactics to prevent protests from shutting down the Port of Oakland. In November, and then again in December, protestors from the Occupy movement were able to shut...
Germany Celebrates Centennial Anniversary of Air Cargo – On August 10, 1911, the first air cargo flight in Germany occurred when a Berlin newspaper was transported to Frankfurt (Oder), a city located on the German-Polish border. It is interesting to note that the...
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