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FOOD SOURCE PARENT COMPANY ENJOYING STELLAR YEAR IN THE LOGISTICS BUSINESS...

TOP 5 COMPANIES IN THE AIR FREIGHT & LOGISTICS INDUSTRY WITH THE BEST RELATIVE PERFORMANCE (CHRW, UPS, EXPD, FDX, UTIW)





Aug 26, 2011 (SmarTrend(R) News Watch via COMTEX) -- Below are the top five companies in the Air Freight & Logistics industry as measured by relative performance. 


This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.

CH Robinson Worldwide (NASDAQ:CHRW - Analyst Report) ranks first with a loss of 1.72%; United Parcel Service (NYSE:UPS -Analyst Report) ranks second with a loss of 1.79%; and Expeditors International of Washington (NASDAQ:EXPD - Analyst Report) ranks third with a loss of 2.31%.

FedEx (NYSE:FDX - Analyst Report) follows with a loss of 2.4% and UTi Worldwide (NASDAQ:UTIW - Snapshot Report) rounds out the top five with a loss of 2.79%.

SmarTrend currently has shares of UTi Worldwide in an Downtrend and issued the Downtrend alert on June 08, 2011 at $19.63. The stock has fallen…

HURRICANE IRENE DOWNGRADED...BUT STILL A SLOPPY CAT 2 HURRICANE IS NOTHING TO SNEEZE AT...EXPECTED TO BRING FLOODING AND POWER OUTAGES ALONG EAST COAST...

Hurricane Irene winds diminish, but a sloppy Category 2 still expected


Defying expectations, hurricane Irene weakened Friday afternoon – and opportunity for rebuilding its intensity is limited. North Carolina and the inland northeast remain at high risk for flooding.



David Gagnon (l.) and Sue Gagnon walk the shoreline as waves from hurricane Irene begin to pound Atlantic Beach, North Carolina on Friday, August 26.

Steve Nesius/Reuters






By Patrik Jonsson, Staff writer 

 August 26, 2011

Beaufort, N.C.

Against predictions, hurricane Irene lost strength Friday afternoon, now registering as a weakening Category 2 hurricane with little chance of revival before it hits North Carolina on Saturday. 


While Irene's wind speeds dropped to about 100 miles per hour, the risks for inland flooding remained high, with the storm expected to drop as many as 8 inches of rain on water-logged parts of the mid-Atlantic and New England.






“With its eyewall collapsed and just 24 more hours over water before landfall,…

WAITING FOR HURRICANE IRENE....NEW JERSEY LIFEGUARD WAITS AT THE BEACH AFTER ALL BEACHES WERE SHUT DOWN IN ANTICIPATION OF TOMORROW'S ARRIVAL...

RIDING IN STYLE...DONALD TRUMP'S BRAND NEW 757...FLYING THE FRIENDLY SKIES IN STYLE...

SWISS RETAILERS FEEL PRESSURE TO LOWER PRICES AS STRONG LOCAL CURRENCY IMPROVES PURCHASING POWER...

Strong franc applies pressure on Swiss retailers to reduce prices

As the Swiss franc soars in value against the euro, the government and consumers are urging the country’s leading supermarkets to lower the prices of imported goods.

In response, Migros, Switzerland’s largest supermarket chain, said it would issue further price cuts after reaching a deal with several of its suppliers of imported goods to pass on their currency gains from the strong franc to Swiss consumers.

http://www.agra-net.com/portal2/home.jsp?template=pubarticle&artid=1313753935352&pubid=ag005

FROM THE DESK OF FOOD NEWS: AUGUST 26, 2011

From the desk of Foodnews


Friday August 26 2011

The national papers remark that it has been a summer without the usual “silly season” news. For once, the sleepy holiday period simply failed to take place, and there have been plenty of big stories for journalists of all walks to wrestle with, from threatened financial meltdowns, London riots and Tripoli under siege... to soaring Chinese apple prices and the “McDonalds effect” on the banana puree market.

But this week, FOODNEWS’ editorial column takes a break from discussion of current affairs (food-related or otherwise) to glance ahead at what is in store from the magazine for the last quarter of the year. We begin with one of the most important events for processors, manufacturers, marketers and buyers the world over: the ANUGA trade show in Cologne.

As in previous years, FOODNEWS will be producing a special edition to coincide with the fair. But this year, we are putting a special emphasis on representing you, our readers, within its pag…

NEXT SHIPMENT OF BRAZIL MANGOES MAY FACE A DELAY DEPENDING UPON HURRICANE IRENE AND WHAT SHE DOES ALONG THE EAST COAST USA...

By Will Cavan
Executive Director
International Mango Organization (IMO)
Vista, California
www.mangoworldmagazine.blogspot.com




Friday, August 26, 2011




The only hiccup in a smoothly set out mango season could be provided by shipping delays due to Mother Nature.


The second vessel loaded with 83 containers of Brazil's finest Tommy Atkins mangoes is scheduled to arrive Philadelphia next week around the 30th or 31st of August.


Any delay may be a day or two as vessels stay out of the way of Hurricane Irene.


Brazil will be into a thoughtful program from here on out.


Vessel three is programmed for 85 containers and then vessel four should have somewhere between 90 and 100 containers of mangoes on board.


From there on out weekly arrivals of 100 - 105 containers are scheduled through December.


The Brazil deal works so smoothly because distribution is set up from established warehouses such as Bifulco, Eastern Pro-Pak, Garden Fresh distributing, Manfredi and South Jersey Cold Storage.


These facilities are…

EUROPEAN MANGO MARKET SUPPLIES ARE TIGHT THIS YEAR...DEMAND IS STABLE...AS ARE PRICES...WHICH REMAIN LOWER THAN USA...

Few mangoes available on European market

This season there are noticeably less mangoes coming to Europe, one of the reasons is that Brazilian mango producers are choosing to send to the US. Various EU importers on tacler are saying that the market is difficult at the moment. "There are few mangoes available at the moment and the prices are high."
                                                                                                   Carlos Andre Faria from Sun City said that there are not less mangos available but more buyers in the market. The Brazilian mango growers started working with Rodrigo Pedro dos Santos a sales office in Holland a few years ago. "30-40% more of the mangoes stay in Brazil", he explains. "They get the same price here as in Europe."



Rodrigo Pedro dos Santos and Carlos Andre Faria

According to him, the weak exchange rate is an important reason not to export, even if the European preference is for fibre-less. "The Tommys …

ESPAñA INCREMENTA SIEMBRA DE MANGO EN UNOS 40 MIL ARBOLES...

España: El mango le pisa los talones al aguacate y a la chirimoya




Los agricultores de la Costa Tropical han plantado en los dos últimos años más de 40.000 árboles de mango.


Los agricultores de la comarca de la Costa de Granada han plantado entre este año y el pasado más de 40.000 árboles de mango, según ha explicado a Europa Press Javier García Tapia, el ingeniero agrícola de la finca experimental 'La Nacla-Puntalón' que Caja Rural tiene en Motril. Este dato convertirá al mango en uno de los productos más importantes del litoral occidental granadino junto al aguacate o la chirimoya.

El técnico ha señalado que el año pasado se plantaron 20.000 ejemplares de mangos y este año las previsiones son de otros 20.000, cifra que incluso podría superarse. Se trata de un cultivo que está en plena expansión tanto en la Costa Tropical de Granada como en la Axarquía malagueña principalmente porque ofrece una alta rentabilidad al agricultor "en el sentido de que produce muchos kilos, está …

CHINESE SHIPPING GIANT TAKES $432 MILLION DOLLAR HIT...SETTLES CHARTER DISPUTE...EXPECTS OVERCAPACITY TO DEPRESS FREIGHT RATES THROUGH 2011...

Cosco Loses $432 Million, Settles Charter Disputes
Joseph Bonney | Aug 26, 2011 3:07PM GMT                                                                           The Journal of Commerce Online - News Story



Beijing-based company expects overcapacity to depress freight rates though 2011

China Cosco Holdings posted a first-half net loss of $432 million, compared with a net profit of $553 million a year earlier, and said reached agreements on bulk carrier charter disputes that led to ship arrests.

The Beijing-based company said its container shipping unit reported an operating loss of $156 million as revenue, excluding chartered vessels, fell 4.2 percent to $2.8 billion. Container volume rose 9.8 percent to 3.24 million 20-foot-equivalent container units.

Cosco said it expects overcapacity to continue to depress freight rates through 2011. The company said demand on Asia-Europe and trans-Pacific routes remains “uncertain,” but the outlook on secondary routes is more positive.

By the Num…

THE FUTURE OF THE FOOD SUPPLY CHAIN...LAPTOP TRACTORS WILL CONNECT FARM GATE TO THE DINNER PLATE...

The Wall Street Journal

July 14, 2011

By SUE SHELLENBARGER



When 50 aspiring farmers gather at the Future Farmers of America's annual "New Century Farmer" conference next week, what they will learn goes way beyond crop rotation, tractor engines and how to get more milk out of old Bessie.

They will learn to cut costs using GPS technology and how to network with global marketing organizations; how to negotiate hefty bank-financing packages and how to keep huge $250,000 tractors running almost nonstop to grow more crops.

 It's a big leap from the plowing, planting, livestock-feeding and welding skills the FFA taught aspiring farmers 40 years ago.

"It's kind of scary" to see the knowledge and skills farmers need to survive today, says Howard Augustine, 76, whose grandson Ryan, 21, attended the New Century conference in 2009 and is preparing to take over the 150-year-old family farm near Rose Hill, Iowa.

New farmers must be both businesspeople and scientists, …

PREOCUPA CRECIMIENTO IRESPONSABLE EN EL SECTOR MANGUERO PERUANO...

Perú: Aumenta la exportacion de mango un 57%



En el último lustro las exportaciones de mango han venido creciendo a la impresionante tasa anual de 22,8%, alcanzando el 2010 ventas por US$ 119 millones. 

El mango se viene exportando como jugo de mango (3,4 millones de litros), mango congelado (13,6 mil TM), mango fresco (97,5 mil TM) y mango preparado o en conservas. En este período, han mejorado los precios promedio de exportación del mango y los volúmenes vendidos, en especial del mango fresco y congelado.

El avance del mango continúa este año. En efecto, a lo largo del primer semestre las exportaciones de mango aumentaron 57,5% respecto a igual período del año pasado, alcanzando US$ 141,4 millones. 

Destacaron las ventas de mango fresco (68,8% de crecimiento) y mango preparado o en conserva (82,7%). 

Los países de destino que más prefieren el mango peruano son Holanda -que concentró el 38,4% del volumen exportado-, EEUU (36,7%), Reino Unido (5,4%), Canadá (4,7%) y España (4,1%). Las mayor…

SOLUTION TO JAPAN'S ENERGY CRISIS RIGHT UNDERNEATH THE SURFACE...GEOTHERMAL COULD RESOLVE NUCLEAR DEPENDENCY ISSUES...

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Quake-prone Japan looks at geothermal energy



by Staff Writers
Hachimantai, Japan (AFP) Aug 26, 2011





The forces that make Japan one of the world's most quake-prone and volcanic countries, and sparked a nuclear disaster, could become part of its long-term energy solution, experts say.

Steam and hot water billow and gush from deep below the ground at Japan's tens of thousands of famed hotsprings and could be harnessed to drive turbines that generate electricity in a clean, safe and stable way, they say.

Although Japanese high-tech companies are leaders in geothermal technology and export it, its use is miniscule in the island nation, which has for decades relied heavily on imported fossil fuels and atomic power.

Japan's parliament passed a law Friday to promote renewable energy such as wind, solar and geothermal by forcing power utilities to buy it at fixed prices and letting them pass extra costs onto consumers.

"Japan should no doubt make use of its volcano, magma and …

CLIMATE CHANGE OPENS UP ARCTIC SHIPPING ROUTES THAT WERE PREVIOUSLY IMPOSSIBLE...OPENING UP TRADE FOR RUSSIA...

Arctic shipping routes open

by Staff Writers
Paris (ESA) Aug 26, 2011


Detailed images and captions highlighting changing ice conditions can be found here at ESA


Satellite measurements show we are heading for another year of below-average ice cover in the Arctic. As sea ice melts during the summer months, two major shipping routes have opened in the Arctic Ocean.

In 2008 satellites saw that the Northwest Passage and the Northern Sea Route were open simultaneously for the first time since satellite measurements began in the 1970s - and now it has happened again.

While the Northern Sea Route above Russia (also known as the Northeast Passage) has been open to shipping traffic since mid-August, recent satellite data show that the most direct course in the Northwest Passage now appears to be navigable as well.

Located in the Canadian Arctic Archipelago, the Northwest Passage can be a short cut for shipping between Europe and Asia - but with the opening of the sea route comes the potential for…

$4.00 MEXICAN KEITTS ARE MORE EXPENSIVE THAN $7.50 BRAZIL TOMMY ATKINS...GO FIGURE !!!...

By Will Cavan
Executive Director
International Mango Organization (IMO
Vista, California
www.mangoworldmagazine.blogspot.com




August 26, 2011




The numbers never lie...or so the saying goes.


There is a disparity in pricing at the moment between Mexican Keitt variety mangoes and the Tommy Atkins just arriving from Brazil.


Believe it or not, Mexican Keitts which are running very large (4,5,6 count) are actually more expensive at $4.00 per carton than the Brazil Tommy Atkins (10, 12, 14 count) that is selling out at $7.50 per carton.


The per unit cost is killing the Mexican product making the Brazil product much more appealing to the buyers.


To make matters worse, the Mexican product is very rough looking compared to the high color clean Brazil product.


If Mexican growers from the Los Mochis area would invest in producing a more eye appealing product they would certainly do themselves a favor.


Unfortunately, the Mexican shippers from the fruit fly free zone have become lazy and the lack of interest sho…

PERU'S "OUT OF CONTROL" MANGO EXPORTS REGISTER 57.5% GROWTH IN 2011 FIRST HALF...THE COMING SEASON WILL BE A CHALLENGE TO AVOID LAST SEASONS MISTAKES...

Peru’s mango exports grow 57.5% in H1


August 26th, 2011

Peruvian consultancy Maximixe has revealed figures showing the country’s mango exports rose 57.5% year-on-year to US$141.4 million in the first half of 2011, website Alertaeconomica.com reported.

The story reported the Netherlands was the largest buyer with 38.4% of total export volumes, followed by the U.S. (36.7%), the U.K. (5.4%), Canada (4.7%) and Spain (4.1%).


Maximixe’s growth figures are slightly under statistics released by the Ministry of Agriculture (MINAG) earlier this month, citing a rise mango shipments of 62% in the first half.


Alertaeconomica.com reported a 22.8% average annual export growth rate for the fruit over the last five years.


Sunshine Export is the country’s leading mango exporter with 10.9% market share, followed by Camposol with 9.7%, the story reported.


Several industry experts and growers have cited an oversupply in the global mango market.


What is your outlook on the global mango market and exporter/grower r…