Despite the Fourth of July having been weeks ago, it’s the summer. Furthermore, people have been cooped up in their homes for months. They’re restless and looking for an outlet to enjoy themselves. There has been a rise of fireworks used, even when it isn’t a holiday. It seems...

There is a lot going on in the world right now. The world has been crippled by a global pandemic. People are dealing with a highly contagious disease and the financial fallout that has followed. On top of the COVID-19 outbreak, there are other things that the world is forced to be worried over....

Ocean freight is the preferred method of shipping for 90% of the world's importers and exporters. But what about the other 10% who need to get goods somewhere rapidly and reliably? Well, they use air freight. Air freight makes the world a smaller pace. It cuts China-US freight shipping time...

How Has COVID Affected OPEC? Even before the Novel Coronavirus threw the global economy into a spiral, countries in the Middle East and North Africa (MENA) were facing economic struggles of their own. Since last year, the Organization of the Petroleum Exporting Countries (OPEC) and its revenues...

So you want to do some importing or exporting. You've got a product, you've got a buyer, and you've got a shipping container lined up! But do you understand the Harmonized System and Harmonized Tariff Schedule? If not, then your products aren't leaving the dock. Customs officers all over the...

You know when you go out to dinner with friends, and there's that awkward moment when the bill comes? Everyone's bickering over who pays what and no one is really sure what they owe for a tip. Imagine if an agreement was in place before you even sat down, outlining exactly who was financially...

While the term "Freight Quotes and Costs" may sound pretty straightforward, they include quite a bit more than just the freight rate. The list of things that affect freight rates is endless. They can change depending on the season, category of import, origin, destination, the route in between,...

In 1933, Kiichiro Toyoda worked for Toyoda Loom Works, his family's business. While the company's focus was automatic looms used to weave cloths and tapestry, Toyoda wanted to expand the company to include an automobile division. This was considered to be a risky business at the time, but Toyoda's...

In the era of Yankee ingenuity, Thomas Edison was the quintessential American inventor. When he began his career in 1863, virtually the only electricity source was primitive batteries, which put out a low-voltage current. But when Edison died in 1931, he had played a critical role in introducing...