Author: Emre Reyhan

DP World Expanding in India

DP World, a Dubai-based port operator, presently seeks to expand its operations to India. The Jammu and Kashmir provinces of India recently met for bilateral trade agreements with DP World, and the Dubai government, to explore a joint venture in developing trade infrastructure in the northern Indian states. One of the agreements is a currency swap agreement where India and the United Arab Emirates, between the two central banks, will allow businesses on both sides to trade in rupees and dirhams directly, rather than go through U.S. dollars or other foreign currencies. This will create more savings for both...

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The Future of Trucking in the U.S.

The trucking industry in the United States has affected the political and economic history of the United States throughout the 20th century. As per the American Trucking Association description, the trucking industry is the lifeblood of the U.S. economy. Over 70% of all freight tonnage moved in the U.S. goes on trucks. Without the industry, and truck drivers, the economy would come to a standstill. Before the invention of automobiles, most freight was moved by train or horse-drawn vehicles. While freight trains are still in business, we cannot say the same for animal-powered transport, as their era came to a certain end with the combustion engine. Once seen...

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Largest Increase in Global Air Freight Since 2010

Despite global air freight demand decreasing again, in June, overall global air freight cargo demand increased during the first half of this year. According to the International Air Transport Association (IATA)’s June 2017 Air Freight report, air freight has seen the largest increase in growth, since 2010. The report noted 10.4 percent growth in global freight ton kilometers (FTKs), and a 27 percent growth year-on-year, in H1 2017 from 2016. With support from a stronger global economy, new global export orders are near a six-year high. This is the strongest recorded first half-year performance since air cargo’s rebound from...

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Trade Deficit Between China and India Continues to Grow

Demand for a specific country’s exports can have large impacts to the value of its currency, economic growth, and stability. A more specific example can be found in India, where the cost of this country’s imports is exceeding the value of its exports with China, a scenario also known as a trade deficit. According to data collected by the General Administration of Customs, in 2016, India-China bilateral trade amounted to a total of $70.8 billion, and was registered as a 2.1% decline in Indian exports from its previous financial year. Economists fear India may be living beyond its means...

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Drone Aircrafts To Become The Next Mode Of Delivery

As technology continues to evolve, companies look for new ways to deliver consumer goods to their customers at record delivery times. Companies such as Amazon, Google and UPS have developed autonomous delivery drones to fulfill a customer’s online orders in minutes. It was not too long ago when Amazon CEO Jeff Bezos announced that Amazon would be using octocopter drones to deliver items directly to the customer’s doorstep in thirty minutes or less, in a taping of CBS’ “60 Minutes.” Since then, the company has announced its Amazon “Prime Air” program, a delivery system which does just that. Many...

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