Trade
China’s exports slump much less than expected in December
Cargo ships dock at the container terminal in Lianyungang Port, East China’s Jiangsu province, Dec 7, 2022. CFOTO | Long term Publishing | Getty Photographs BEIJING — China’s exports and imports fell fewer than anticipated in December, the customs administration said Friday. The milder slump intended trade even now grew for all of 2022. China’s […]
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Flexport to lay off 20% of its world-wide workforce
Ryan Petersen, chief executive officer of Flexport, participates in a panel dialogue during the Milken Institute Global Meeting in Beverly Hills, California, U.S., on Wednesday, Could 4, 2022. Bloomberg | Bloomberg | Getty Photos Supply chain program startup Flexport is laying off 20% of its worldwide workforce, or approximately 640 personnel, according to a memo […]
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U.S. tax credits could profit global automakers — but Europe would like a lot more
European officers are still looking for more concessions from the United States to be certain European electrical motor vehicle brands will not depart the bloc amid historic subsidies stateside. Perspective Push | Corbis Information | Getty Photographs The European Union is nonetheless not totally content with latest concessions from Washington on its historic established of […]
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China’s new Covid surge is crippling the world’s most vital factories and most significant ports
Employees check transformers at a workshop of Hebei Gaojing Electric powered Equipment Co LTD in an industrial park in Handan, North China’s Hebei province, Jan 3, 2023. CFOTO | Long term Publishing | Getty Visuals The surge in Covid-19 circumstances in China is impacting the completion of production orders, in accordance to CNBC Source Chain […]
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Dubai announces $8.7 trillion financial prepare to enhance trade, financial investment
Dubai is looking at its best serious estate industry in several years, with income in the sector up 45% yr on 12 months in April and 51% in Might, in accordance to the Dubai Land Department. DUBAI, United Arab Emirates — Dubai on Wednesday announced a mammoth $8.7 trillion financial plan for the coming ten […]
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Some supply chain managers are wary of shifting trade back to West Coast ports
Shipping containers are offloaded from a container ship in the Port of Los Angeles before U.S. President Joe Biden delivers remarks aboard the Battleship USS Iowa Museum on June 10, 2022 in Los Angeles, California. Mario Tama | Getty Images Nearly a third of logistics managers at major companies and trade groups say they do […]
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Most supply chain managers expect problems to continue at least through 2024
Bloomberg | Bloomberg | Getty Images More than half of logistics managers at major companies and trade groups say they do not expect the supply chain to return to normal until 2024 or after, according to a new CNBC survey. Sixty-one percent of respondents said their current supply chain is not operating normally, compared with […]
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East Coast ports including New York are winning a domestic trade war at the expense of California
A container crane stands idle at the Port of Los Angeles amid a cargo slowdown on November 16, 2022 in Los Angeles, California. The country’s busiest container port complex, the ports of Los Angeles and neighboring Long Beach, saw imports of shipping containers drop 26 percent in October compared with the same month in 2021. […]
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United Airlines is buying at least 100 Boeing Dreamliners to replace aging wide-body jets
United Airlines is buying 100 Boeing 787 Dreamliners with the option to purchase 100 more new jets that will fly its longest routes and replace less fuel-efficient, decades-old planes. The massive order is a big boost for Boeing from one of its largest customers and comes as United has returned to profitability after the pandemic’s travel slump. […]
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Boeing airplane deliveries picked up in November
Boeing’s last 747 aircraft, #1574, at its factory in Everett, Washington. Leslie Josephs | CNBC Boeing‘s aircraft deliveries picked up last month with airlines getting more 737 Max and 787 Dreamliner planes. The manufacturer handed over 48 planes last month, up from 35 in October, with carriers United, American and Qatar Airways each getting two […]
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