Subscribe to our free, weekly email newsletter!



Balanced Trade on the Horizon?

image
By Patrick Burnson, Executive Editor
June 17, 2010

While most shipping analysts maintain that the undervalued Chinese Yuan should still be a concern for U.S. exporters, there are those who say that surging demand may make it less of an issue in the near future.

According to Walter Kemmsies, chief economist at Moffatt & Nichol engineers, China’s appetite for our raw commodities will drive a more sustainable and balanced trade relationship.

“China will soon have problems feeding its growing population,” Kemmsies, told shippers attending the annual conference of the Agriculture Transportation Coalition in San Francisco last week. “They will rely increasingly on our ability to get them these goods.”

Younger populations elsewhere in Asia will also drive U.S. food exports, said Kemmsies, and that will be reflected in more outbound containerized shipments. If this country is to finally come out of its deep recession, Ag exports must be a key and lasting component.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Flags of Convenience are a fact of life in the commercial maritime trade, but several European political action groups are worried that they will pose a threat to the Continent’s air cargo industry.

For May, which is the most recent month for which data is available, the SCI is -7.5, following April’s -7.5. FTR said this reading represents a still-tight capacity environment, as utilization rates hover between 98 percent and 99 percent.

With a 1.1 cent drop to $3.858 per gallon, this follows declines of 2.5 cents, 1.9 cents, and 0.7 cents over the previous three weeks, with the cumulative four-week decline at 6.2 cents.

Second quarter revenue for transportation and logistics titan UPS headed up 5.6 percent annually at $14.3 billion, while operating profit sank 57.1 percent to $747 million. Quarterly net income fell 57.6 percent to $454 million.

Panjiva, an online search engine with detailed information on global suppliers and manufacturers, recently said it is opening up the “vault,” so to speak. The vault in this case is making its copious amount of trade data accessible through an Application Programming Interface (API), which enables customers to extract Panjiva’s trade data into their own database.

Article Topics

Blogs · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA