Warning Lights Flashing At LA Ports
Port of Los Angeles, America’s largest container gateway, looks destined to max out this peak season. In fact, it may be maxing out right now, putting some Christmas retail sales at risk, analysts say.
Tagged: InternationalTrade
Seismic Shift Lies Ahead For Aluminum
Aluminum is heading for a seismic shift as a long-running supply glut starts to fade, setting the stage for shortages and a price rally that could run for years, according to analysts. Demand is set…
Philippines Increases Oil and Gas Imports
As the world begins to recover from the COVID-19 pandemic in most areas, the demand for oil and gas has increased exponentially. Prices have risen, demand is strong from the transportation industry, and consumers are…
Dry-bulk Transporters Optimistic
Hope springs eternal in dry bulk shipping — the largest shipping market in the world by volume. Over the past decade, each year has started out with bullish proclamations on why the market would finally…
Border Bridge Will See Major Expansion
Speeding up commercial truck traffic will be a priority when the Pharr-Reynosa International Bridge’s largest expansion project in history is completed in 2023, said Luis Bazán, general director of the South Texas bridge. The expansion…
Cold Snap Roiled Gas Market
The February cold snap that pushed liquefied natural gas (LNG) prices to record highs is also roiling liquid petroleum gas (LPG), leading to shortages of the gas that’s used for heating and cooking as well…
U.S. Keeps China’s Factories Booming
Remember all the media coverage just a few months ago about Chinese manufacturers poised to collapse due to lack of overseas buyers? It didn’t happen. Chinese factories are booming. Chinese goods are flooding into U.S…
Brightoil Petroleum ‘Back in Business’
Brightoil Petroleum (Holdings) Limited said last month it is now “back in business,’’ having reached a settlement with the Vietnam-based trader Petrolimex which initiated a bankruptcy order against Brightoil over a $30 million debt. In…
Global Slowdown Pinching FedEx
FedEx Corp. tumbled in April as a new cut to its earnings outlook stoked Wall Street concerns over the courier’s ability to navigate a global slowdown and cash in on surging e-commerce. Overseas demand is…
Backlog May Depress Imports, Economist Says
The surge of cargo that moved through U.S. ports in December increased both wholesale and retail inventories and “until that backlog is taken care of, it will likely depress container imports for the next couple…
