UPS Ups Rates

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UPS will be raising base rates 5.9% beginning January 2, 2012. International shipments will increase by 6.9%.

The upside (if you can call it one) : the new rates will be somewhat offset by the reduction in UPS fuel surcharges – 1% for ground packages and 2% for all air shipments.

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Source: http://money.cnn.com/2011/11/18/news/companies/ups_rates/index.htm

Yuan Strengthens Against US Dollar

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The Chinese yuan continues to strengthen against the US dollar. On Monday, November 14, the Chinese Foreign Exchange Trading System listed the yuan as rising 16 points to 6.3301.

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Source: http://www.chinadaily.com.cn/bizchina/2011-11/14/content_14091072.htm

Mexico Factories on the Rebound

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Industrial production in Mexico is up 3% over last year, a gain many attribute to increasing Chinese salaries and international trade tensions. Growing activity along the border signals that many companies are now pursing business opportunities they overlooked during the recession.

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Source: http://www.signonsandiego.com/news/2011/oct/25/rebound-mexican-factories-could-mean-jobs-san-dieg/?ap

Logistics Costs Up 18.7%

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China’s logistics costs rose 18.7% in the first three quarters of 2011. The increase has been attributed to the rising costs of raw material, labor, fuel and a surging global demand.

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Source: http://www.chinadaily.com.cn/bizchina/2011-10/22/content_13955543.htm

China’s Power Crunch

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Power shortages and blackouts across China have led to increased rationing in recent months. While some manufacturers are using diesel generators to keep up with production, this access to power comes at a price. Generators run at twice the cost of power produced from the electric grid. The shortage will undoubtedly impact the price of Chinese exports.

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Source: http://www.chinadaily.com.cn/usa/epaper/2011-06/10/content_12672091.htm

Chinese Labor Rates to Rise

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Chinese labor authorities are aiming to have employee wages rise by 15 percent a year over the next five years. While some regions will be more affected than others, this will impact the Chinese manufacturing sector as a whole.

What does this mean for you, our customer? You may notice subtle cost increases when placing a repeat order down the line. If it has been months since our original quote was submitted, pricing will need to be reconfirmed before moving forward on a project.

Please read the full article to learn more about Chinese labor rates and how these changes may affect you!

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Source: http://usa.chinadaily.com.cn/business/2011-04/20/content_12361864.htm