NOW IS THE TIME TO TAKE ADVANTAGE OF THE WEAK DOLLAR AND EXPORT!
December Heartand Exports Set Record. Heartland new export orders soared to a record high of 65.4 to close out 2007. The torrid December index was nearly 15 poits above the November export index, and some 14 points higher than December 2006.
Ernie Goss, Professor of Economics, Creighton University, who tracks the Index for ibNEWSmag, said, "The weak dollar, especially against the Euro and Canadian dollar, is making U.S. goods cheaper abroad."
December Imports Rise To Close 2007. Heartland imports marched steadily up in the 4th Quarter 2007, ending at 57.0, up from November's 56.8, and October's 54.1. "Imports from Asia, along with high oil prices kept imports significantly above growth neutral," reported Goss.
The Heartland Trade Index is a monthly survey of purchasing managers in the 9-state region of Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, Oklahoma, and North & South Dakota, and is an exclusive of ibNEWSmag.
GLOBAL AIR CARGO RATES CLIMB STEADILY WITH INCREASING FUEL SURCHARGES.
EU charges foreign flag air carriers with price fixing. According to a recent report from Euler Hermes, European Union regulators charged Air New Zealand, all Nipon Airways and the Malaysian Airline System with price fixing.
This after earlier charging British Airways and OneWorld carriers with similar charges.
Now, according to a report this week from Asia Today International, Qantas, JAL are jacking up their cargo surcharges. JAL says jetfuel prices ex Singapore, are US$100, and the surcharges won’t come off until jetfuel drops to about US$28, reports AT Publisher, Barry Pearton. “So a long way to go for traders,” said Pearton, as airlines try to keep their heads above water to control fuel costs.
