The copper down cycle has taken a big bite out of the profits of Japan’s trading companies. This morning, Mitsubishi Corp., Japan’s biggest trading house, announced ¥430 billion (US$3.8 billion) in write downs on a list of commodities assets, starting with...
West Coast ports cargo volumes continued their rebound in February, our bill-of-lading trade data shows. Port of Los Angeles import volumes, measured in TEUs (or 20-foot equivalent units), were up 48% in February compared with the same month a year ago. The top ranked...
New online Weekly delivers fresh, granular data on inbound coffee shipments – 7 to 14 days ahead of GCA numbers Miami – March 16, 2016 – Datamyne, a top provider of web-based international business intelligence, is unveiling its new Coffee Import Weekly at this year’s...
NVOCC US import TEU share reached 37.4% in 2015, a bump up from 2014’s share of 36.0%, and a 10 percentage point gain over 10 years, our trade data shows. Global companies’ confidence that more shippers will be outsourcing their logistics is seen as driving M&A...
Liquor delivered another year of growth in 2015, according to the Distilled Spirits Council of the United States – or DISCUS. Domestic supplier sales were up 4.1% and volumes up 2.3%. A key driver of growth is demand for American whiskeys – Bourbon, Tennessee and Rye...
The days of slow cargo volumes and operational struggles are long gone, as the ports of Los Angeles and Long Beach saw big increases (42% and 32%, respectively) in container throughput this January compared with 2015’s, reports Port Technology, citing Datamyne port...
Reducing US dependence on foreign sources of energy is touted as one of the benefits of adopting wind and solar energy technologies. But, says IER, so-called green energy options require rare earth minerals and lithium for batteries, materials the US must import from...
Tesla Model S overseas shipments increased 200% in 2015 over 2014, according to Datamyne waterborne export data, for a total of 19,658 electric vehicles shipped last year compared with 6,539 the year before. Based on the manifests filed by exporters, our data captures...
It’s Mardi Gras – Fat Tuesday – the final night of the carnival season before the sober season of Lent. Parade krewes in New Orleans and elsewhere will be tossing, and partiers everywhere will be wearing Mardi Gras throw beads tonight. The US imported 284 containers...
The Chinese economy – indeed the world economy – is in for a run of bad luck in the Lunar New Year that begins today, according to feng shui master Chen Shuaifu, who shared his forecast with NBC News. Master Chen forecasts a big slide in the world economy: "The global...
