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Doing Business in South Korea

QAD

South Korea is in eastern Asia in the southern half of the Korean Peninsula. It is bordered by North Korea, the Sea of Japan and the Yellow Sea. Although it has been an independent kingdom for much of its history, the 20 th and 21 st centuries were tumultuous for South Korea. Manufacturing in South Korea.

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Mexican carrier Awesome Cargo receives first heavy-duty A330 freighter

Freight Waves

Startup Mexican airline Awesome Cargo, which provides dedicated aircraft and flight service to logistics companies and other customers, has taken delivery of its first fully capable freighter aircraft after operating two light-duty freighters since its inception 18 months ago. which is leasing the plane to Awesome Cargo.

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This Week in Logistics News (May 4 – May 10)

Logistics Viewpoints

Each has the capacity to receive general merchandise items from suppliers in smaller freight loads, known in the industry as less-than-truckload (LTL), and consolidate them into larger freight loads known as truckloads (TL). In addition to Cosco, global ocean carriers Mediterranean Shipping Co.

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This Week in Logistics News (June 22 – 28)

Logistics Viewpoints

The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S. Postal Service after UPS recently won the five-year contract.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. IATA data shows global demand for air cargo markets jumped 3.7% Wall Street Journal ). Deloitte Global).

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UPS Q1 Earnings: Continued Cost Cutting and Revenue Management Amid Market Uncertainty

Cathy Roberson

International During UPS’ Q1 earnings call, it noted that healthcare average daily net revenue was up 5% year-over-year and cited combined healthcare and general exports from South Korea to the US, up 24%, as part of their strategy to grow volumes and revenue outside of China. Freight forwarding was flat compared to Q1 2024.

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The Coronavirus Is Shattering Traditional Supply Chains

ivalua

And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. The financial risk for small to medium-sized businesses (SMBs) is especially high.