Subscribe to our free, weekly email newsletter!


WTO reports surge in global trade

As reported in LM, both the ocean and air freight sectors have benefitted of late by this resurgence in global trade
By Staff
September 03, 2010

The value of world merchandise trade rose around 25 percent in the first six months of 2010 up strongly from the same period of 2009. This surge in trade growth marks a continuation of the trend begun in the first quarter of the year, according to WTO figures released yesterday.

“World merchandise exports increased by about 7 percent in the second quarter of 2010, in comparison with the first quarter,” noted WTO spokesmen. “Within that period, available monthly statistics for about 70 economies representing about 90 percent of world trade show that merchandise trade declined in April and May 2010, then rose again in June.”

As reported in LM, both the ocean and air freight sectors have benefitted of late by this resurgence in global trade.

Asian exports and imports both rose by more than 35 percent in the second quarter of 2010, as compared to the corresponding period of 2009. Exports from Africa and the Middle East were 35 percent higher than in the corresponding period of 2009, fuelled by demand in Asia and the U.S., and higher commodity prices.?

The Commonwealth of Independent States (former members of the Soviet Union) posted a buoyant 44 percent export growth. Similarly, extra-EU trade (external trade between the EU and the rest of the world) was more dynamic than trade within the EU.

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

Following the lead of its Congressional Colleagues in the House of Representatives, the United States Senate yesterday approved a measure geared to keep federal surface transportation funding intact through the end of December with a nearly $11 billion stopgap fix.

XPO Logistics announced second quarter earnings and the acquisition of two companies, New Breed Logistics, a non asset-based 3PL focusing in contract logistics services, for roughly $615 million, and Atlantic Central Logistics, a 3PL provider of last-mile logistics services, for roughly $36.5 million.

The report, entitled “Outlook for the Domestic Transport and Logistics Market in 2H14 and Beyond,” takes the view that strong freight levels in the second quarter have left trucking companies in a good position: one in which they need to come up with new plans to handle rising demand. But even with that positive momentum afloat, the report observes that there are some familiar challenges intact, such as a lack of qualified drivers and the regulatory drag from the new hours-of-service rules that took effect in July 2013.

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.

Article Topics

News · Air Freight · Freight · Global Trade · Trade · Exports · Imports · 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