Freight rates, measured by the China Composite Freight Index (CCFI), were on average 18% higher in 2020 compared to 2019. While global supply and demand were broadly balanced, the unprecedented pickup in demand in major freight operations such as Asia-US in the second half of 2020, coupled with
Corn led the imports of products from the agri-food sector in Mexico in 2020, according to data from the Ministry of Agriculture. Last year, external purchases of this grain totaled 3.09 billion dollars, a decrease of 3.2% compared to 2019. With this, Mexican imports of this grain exceeded
The world’s airports lost $ 111.8 billion in revenue, according to projections from the Airports Council International (ACI). Also, Council‘s most recent Covid-19 pandemic impact analysis revealed that the global airport industry experienced a reduction of more than 6 billion passengers by the end of 2020, representing a
The World Trade Bridge in Laredo is the largest border crossing (in terms of the value of trade handled by the United States, Mexico, and Canada) in North America. Likewise, the World Trade Bridge is one of the 4 international bridges located in the cities of Laredo, Texas,
The Kraft Heinz Company reported that it reduced its capital expenditures 22.4% in 2020. With a global presence in the food industry, The Kraft Heinz is the name of the company resulting from the merger between Kraft Foods and Heinz. Of the company‘s total capital expenditures last year,
Caterpillar reported revenues of $ 41.748 million in 2020, a 22% decrease from 2019. Likewise, sales were lower in all regions and in its three segments, Machinery, Energy and Transportation. Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas