Global Trade

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.

The global trading system is experiencing “extraordinary volatility” and this is being reflected in the performance of the freight forwarding industry, said Jon Manners-Bell of Transport Intelligence (Ti), a London-based think tank.

FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, recently announced it has opened offices in Rotterdam, Netherlands, and Hamburg and Frankfurt, Germany.

The International Air Transport Association (IATA) announced international scheduled traffic statistics for June, showing continued strong demand growth as the industry recovers from the impact of the global financial crisis.

The customized third-party high-tech service parts logistics has announced significant expansion of its strategic stocking location (SSL) network in Brazil, Russia, India and China (BRIC).

Shippers using the EU’s biggest seaport may be hit with new surcharges next month. Serious operational problems and delays at the Euromax, ECT Home and ECT Delta terminals in Rotterdam these past three weeks have caused both delays and short-shipments of cargo to and from the Baltic and Scandinavian countries.

Following its promising forecast made last month, the International Air Transport Association is reporting a significant surge in air cargo demand.

The number of global manufacturers shipping to the United States continued in June with a 1 percent gain, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.