The March tsunami and subsequent earthquake, which wreaked havoc in Japan last year has resulted the in the Japanese Department of Finance to post a trade deficit for the first time since 1980. The tsunami and subsequent earthquake causes significant supply chain distributions, which translated into a deficit of $32 billion for 2011.

In 2011, exports fell by 2.7% whereas imports soared by a massive 12% to $872.4 billion. Japanese auto-manufacturers suffered the brunt of the after effects of the twin disaster with huge disruptions to its supply chain, which had an adverse effect on Japanese automobile exports. This bad situation was exacerbated…

Shortly before Christmas, Milan based Cargoitalia ceased all its operations due to mounting financial losses, and teh company is set to be dissolved and liquated. The company ceased all operations on December 21^st, 2011.

Cargoitalia fleet of MD-11’s have been grounded since December 21^st, 2011. The company put down its dramatic demise to a slump in global demand, which led initially to routes being cut, and then to its eventual bankruptcy.

The Italian air freight carrier, Cargoitalia, was established in 2005 and had previous financial difficulty after acquiring Alis Aerolinee. Cargoitalia had operated…