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After years of contention, relations between the U.S. and Cuba are finally improving. President Obama is following through on his promise to facilitate communication and work on lifting the embargo. Of course, that action will have to be officially approved by Congress before moving forward. However, some trade bans have already been lifted. People are…
In the face of a $20 million budget gap, the U.S. Postal Service has announced its second rate hike to take effect in 2014. The latest announcement, on Nov. 14, included shipping rates for its flat rate services. A retail flat rate, padded flat rate, and priority express legal flat rate envelopes will cost $19.99…
On Friday, Ohio Governor John Kasich, along with Jobs Ohio managing director Kristi Tanner and Fuyao chairman Cao Dewang, announced that the Chinese auto parts maker plans to purchase about one million square feet of the old General Motors plant in Moraine, Ohio. The new plant is expected to bring about 800 new jobs to…
Subway is an international brand. They have franchise locations throughout the U.S. and Europe. Subway is known for their sandwiches, but they also sell cookies, chips, drinks, and other add-on items to support their profits. Previously, all of their cookies were produced in the U.S. and shipped to franchises around the world. However, Subway decided…
In the wake of news that companies are not actually taking the necessary steps to protect their supply chains, new information uncovered by Supply Chain News highlights just how long the supply chain can suffer when a key region involved in the process experiences a tragic event. The latest news ties the recent recall of…
During the severe economic recession, which began in 2009 and is only lessening its grip on the world very recently, suppliers in the automotive parts industry consolidated their operations, closed manufacturing facilities, and laid off workers. In all, they reduced capacity by about 30 percent. Now, the auto industry is experiencing an unprecedented boom in…