The CIBC article I posted yesterday focused on the impact of fuel prices on marine transportation (Will the Rising Price of Oil Choke Off Global Trade); Menzie Chinn adds that fuel price increases are also increasing the costs for air freight, "which was critical to so much of the New Economy just-in-time innovations...": More on De-Globalization: Oil, Transport Costs and Inflation (Econbrowser, June 4)
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Thanks for sharing this,(Will the Rising Price of Oil Choke Off Global Trade)i didn't know it will possible happen.
by:missy
Posted by: freight philippines | February 02, 2009 at 06:33 PM