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Association to certify truckers against trafficking
Tuesday, May 21, 2013
   The Truckload Carriers Association and Truckers Against Trafficking have teamed up to educate and train truckers on how to recognize and report sex trafficking, a crime that has been reported in every U.S. state.     TCA will now start giving tests to truckers around the country so they can become a Certified Trucker Against Trafficking. The test is being given without any costs to the trucker and is based on a video viewable here .    The organization will also pro...
U.S. to strengthen trade with Tunisia
Tuesday, May 21, 2013
   Officials at the U.S. Agency for International Development have launched an initiative with Tunisia to establish trade in the region and internationally, and encourage the local growth of small and midsized businesses.    The Office of the United States Trade Representative helped develop the initiative, which is part of the U.S-Tunisia Trade and Investment Framework. Work between the countries will be achieved through online platforms and partnerships, according to a news release....
U.S., South American corn producers form alliance
Thursday, May 16, 2013
   The U.S. Grains Council (USGC), along with the National Corn Growers Association (NCGA), MAIZAR, representing Argentinian producers and the maize supply chain, and ABRAMILHO (Brazilian Association of Corn Producers) signed a memorandum of understanding this week to form an alliance of North and South American corn producers to collaborate to address key issues concerning food security, biotechnology, stewardship, trade and producer image.    The organizations will operate under th...
Spanish version of U.S. trade finance guide released
Thursday, May 09, 2013
   The U.S. Commerce Department’s International Trade Administration has released a Spanish language version of its Trade Finance Guide: A Quick Reference for U.S. Exporters .    The guide was created specifically to help U.S. small and midsized businesses overcome one of their major export challenges, how to get paid from export sales, thereby helping turn their export opportunities into actual sales, the department said.    “Since the publication of its first edition in 20...
SBA to showcase export services in L.A. Friday
Thursday, May 02, 2013
Related Content U.S. program focuses on small business exports SBA opens export doors    Rep. Janice Hahn, D-Calif., is hosting an export business roundtable on Friday with Dario Gomez, the Small Business Administration's administrator of international trade, to provide information on SBA programs and resources for small companies seeking to export or only export on a limited basis.    The event is being held at 10 a.m. at Banning's Landing, 100 E. Water St., in Wilmington, Cali...
U.S. Bank launches new fuel financing tool
Wednesday, April 24, 2013
   U.S. Bank and FuelQuest have teamed up to provide extended payment terms for rack-based fuel purchases and accelerated supplier payments by providing greater access to credit through the U.S. Bank Fuel Financing program.    The financing tool is currently only available on a select basis.     The new service will give buyers improved cash flow with expanded payment terms, increased purchasing on one line of credit, greater growth opportunities and lower financing co...
Ex-Im Bank, Citibank renew supply chain guarantee
Friday, April 19, 2013
   The U.S. Export-Import Bank renewed a 90-percent guarantee of a $100 million supply-chain facility for Citibank to purchase invoices that are generated via the sales of goods and services by eligible U.S. suppliers to agriculture and construction equipment manufacturer CNH America (CNH).    The authorization, which is Ex-Im’s second renewal of the facility, will support small-business suppliers of CNH by increasing liquidity to fulfill new orders. The facility is being provided un...
John Deere tractors roll to Chad
Friday, April 19, 2013
   Metairie, La.-based Tuleu Consulting Co. (TCC) has been awarded a contract by the government of Chad to sell 500 John Deere agricultural tractors to the African country’s “Programme National de Sécurité Alimentaire” (PNSA or National Food Security Program).    The sale represents a $22.5 million deal for TCC, $11.5 million of which is U.S. export content.    This bid was supported by the U.S. Commerce Department's Advocacy Center, which coordinates federal resources and ...
Virgin founder promotes air freight logistics education
Friday, April 19, 2013
   In the introduction to the Air Logistics Handbook , a university-level guide to the air cargo industry due out next month, Virgin Group head Richard Branson wrote an introduction aimed at convincing people to pursue air freight logistics as a career.    The "outshining" industry, he said, is an important part of world commerce that is in need of new recruits.    “Air logistics is a phenomenal industry and has become even more important not only to the success of airl...
Commerce unveils community investment plan
Thursday, April 18, 2013
   The U.S. Commerce Department has launched a $113 million manufacturing investment initiative outlined in President Obama’s 2014 budget proposal.    The Investing in Manufacturing Communities Partnership will provide money for between five and six communities that have an economic development plan aimed at attracting investment. The winners will receive small grants to jumpstart projects in 2013, and communities selected for support in 2014 will get up to $25 million each.&nbs...
White paper outlines benefits of produce traceability initiative
Thursday, April 18, 2013
   RedLine Solutions, a provider of inventory and supply chain traceability systems, has released a new white paper, “Beyond Traceability: The Benefits of the PTI” about the supply chain impacts of the Produce Traceability Initiative.    Written by one of the primary architects of the PTI, Gary Fleming, the white paper details crucial supply chain and operational efficiencies that companies can gain by implementing the PTI and its ancillary tools.    “Most companies fail to...
PhillyFreightFinder mapping app launched
Tuesday, April 16, 2013
   The Delaware Valley Regional Planning Commission (DVRPC) this week launched a new interactive online mapping application, PhillyFreightFinder.    The application is aimed at highlighting the region's freight network, denoting major freight routes, such as highways, rivers and rail lines, and key hubs of employment and goods movement, including ports and freight centers. The application is interactive, allowing the viewer to explore more than 350 individual features, each with a th...
INTTRA offers cargo insurance through platform
Tuesday, April 09, 2013
   The portal-based ocean shipping network INTTRA has launched a new member service that enables shippers to buy cargo insurance from marine insurance specialist FP Marine Risks via INTTRA’s e-commerce platform.    INTTRA members can elect to purchase cargo insurance at competitive rates during the shipping process through Alto, FP Marine Risks’ online insurance platform. Effective immediately, shippers can click a link to request a quote from FP Marine Risks through the INTTRA ...
Ex-Im Bank, Illinois to promote exports
Thursday, April 04, 2013
   The U.S. Export-Import Bank has entered a new marketing partnership with the state of Illinois to help the Midwest state’s businesses boost export sales and jobs.    The so-called Ex-Im Bank's City/State Partnership with the Illinois Department of Commerce and Economic Opportunity (DCEO) gives thousands of exporters, especially small businesses, access to information about the bank's resources.    The partnership connects companies to the bank’s products and services via...
CargoNet comes to TIA
Wednesday, March 27, 2013
   Verisk Crime Analytics has linked up with the Transportation Intermediaries Association to help collect and analyze cases of cargo and identity theft, offering its CargoNet program to members.    The program uses a national database to share information among crime analysts. The company also offers recovery and deterrence measures, while promoting communication between victims and law enforcements.     "Since its launch in 2010, CargoNet has made huge strides in hel...
Ex-Im Bank, California trade group join forces
Tuesday, March 26, 2013
   The U.S. Export-Import Bank has entered a marketing partnership with the Monterey Bay International Trade Association (MBITA), a non-profit organization in northern California, to help small and midsized exporters enter overseas markets.    The so-called City/State Partners program contract will connect Ex-Im Bank's products and services to MBITA's network of entrepreneurs and financial institutions in the counties around San Francisco and its ports.    Members of M...
U.S. supports Boeing plane exports to El Al
Tuesday, March 26, 2013
   The U.S. Export-Import Bank has authorized more than $190 million in financing to support the export of Boeing 737-900ER aircraft to El Al Israel Airlines.    “This transaction will help ensure that El Al has a modern and efficient fleet that can meet the growing demands of their customer base,” said Ex-Im Bank Chairman Fred P. Hochberg, in a statement. “Ex-Im has a long and productive history of working with El Al, dating back to 1960.”    The National Association of Man...
Hochberg re-nominated to lead Ex-Im Bank
Tuesday, March 26, 2013
   The White House has re-nominated Fred P. Hochberg to president of U.S. Export-Import Bank for a term expiring Jan. 20, 2017.    Under Hochberg’s leadership in fiscal year 2012, Ex-Im Bank for the fourth-straight year set export finance records in a number of key areas. Overall financing for the first time exceeded $35.8 billion in authorizations, which supported more than 255,000 American jobs. The bank worked with more than 3,400 U.S. companies, 85 percent of which were small busi...
ALAN offers post-Superstorm Sandy analysis
Thursday, March 21, 2013
   The American Logistics Aid Network (ALAN) said last October’s Superstorm Sandy, which ravaged the U.S. Northeast, has shown the network’s strength, as well a highlighted areas for improvement.    “A particular strength of ALAN’s network is that its members tend to be problem solvers,” said ALAN President Jock Menzies, in a statement. “Supply chain management, by its very nature, requires working with others and finding the best and most efficient alternatives. These traits are ext...
Engineers give nation's infrastructure a D+
Tuesday, March 19, 2013
   The American Society of Civil Engineers has given the nation’s infrastructure a "D+" and estimated the necessary infrastructure investment will reach $3.6 trillion by 2020.    While the organization ranked the current state of the nation’s bridges and rail both at "C+" and gave U.S. ports at a "C," roads and aviation infrastructure were both given Ds.    In the organization’s Report Card for America’s Infrastructure, released every four years, modal infrastructure i...
Mass. technology firm wins Chile contract
Tuesday, March 12, 2013
   InterSystems Corp., a Massachusetts-based software company specializing in healthcare technology, beat three foreign competitors to win a $37 million contract with the Chilean Ministry of Health.    This bid was supported by the U.S. Commerce Department’s Advocacy Center, which coordinates federal resources to help "level the playing field" on behalf of U.S. businesses as they compete against overseas firms for specific international contracts or other U.S. export opportunities. &...
Twinkie bakers qualify for trade-related benefits
Wednesday, March 06, 2013
   The federal government says that people who used to make Twinkies, Ho Hos and Wonder Bread lost their jobs in part due to foreign competition and qualify for training subsidized by the government.    In November, Hostess Brands Inc. shut down and filed for bankruptcy liquidation, saying it was unable to keep up with medical and pension obligations, competition and difficult economic conditions.     Last month, the U.S. Department of Labor announced that about 18,000 ...
New Website connects C-TPAT, AEO compliant shippers
Thursday, February 21, 2013
   Secure Shipper, a new Web-based exchange of U.S. Customs-Trade Partnership Against Terrorism and Europe's Authorized Economic Operator compliant logistics companies, is striving to double its worldwide membership in 2013.    Last month, Secure Shipper  added Rotterdam-based Broekman Group to its membership, and it’s now hoping for at least 13 additional new members in 2013.    The relatively new organization serves as a clearinghouse for overseas partners, giving U....
Chicago Trade Accelerator launched
Thursday, February 21, 2013
   The U.S. Export-Import Bank has partnered with World Business Chicago to launch the so-called Chicago Trade Accelerator, a program that will provide new resources for small area businesses that are ready to expand.    "Mayor (Rahm) Emanuel has made export promotion one of his signature issues, and we are working together to create jobs tapping into the entrepreneurial spirit of Chicago's exporters," said Ex-Im Bank Chairman Fred P. Hochberg in a statement. "As part of this par...
Semiconductor maker uses Amber Road for screening
Wednesday, February 20, 2013
   The global trade management solutions provider Amber Road said Tuesday the semiconductor manufacturer Vishay Intertechnology has deployed its system to manage compliance risk.    Specifically, Vishay is using Amber Road’s Restricted Party Screening (RPS) On-Demand solution, integrated with its SAP enterprise resource planning system (ERP).    The RPS On-Demand solution allows Vishay to screen thousands of customers and vendors across the Americas, Eur...
World Bank endorses Jamaica logistics hub plan
Wednesday, February 13, 2013
   The World Bank Group has endorsed Jamaica’s aim to become the logistics hub for the Caribbean, Latin America and U.S. Gulf and East coasts by pledging to help find funding for the pioneering project.    Giorgio Valentini, World Bank Group representative to Jamaica, called the logistics hub initiative “transformational” during a recent speech in Kingston.    “It is important to emphasize that the hub is not just about the port, it involves many moving parts and will signi...
ABS forms environment, vessel performance group
Thursday, January 31, 2013
   Classification society ABS has formed an operational and environmental performance department.    “The shipping industry continues to deal with a weak and challenging market. Vessels and assets have to be designed and operated to achieve optimal performance throughout their entire life cycle,” said ABS President and Chief Executive Officer Christopher J. Wiernicki, in a statement.    “ABS recognizes that designers, builders, owners and operators in the marine and of...
Washington Notebook: Report provides update on U.S. export strategy
Tuesday, January 29, 2013
   The Commerce Department recently issued a report updating Congress on the Obama administration's National Export Initiative and its plans for the fourth year of the collective government effort to boost overseas sales.     The five-year strategy aims to raise exports to $3.2 trillion by the end of 2014.    Exports of goods and services over the past 12 months grew 5 percent to $2.2 trillion, up from $2.1 trillion in 2011 (on 14.5 percent growth) and $1.83 trilli...
Ex-Im Bank opens Detroit export finance office
Tuesday, January 29, 2013
   The U.S. Export-Import Bank on Monday opened its newest regional export finance center in Detroit.    This is the latest opening of four planned regional export finance centers by Ex-Im Bank in its effort to help local businesses improve their export sales and create jobs.    The new regional office is located at the U.S. Export Assistance Center in downtown Detroit and will provide enhanced access to Ex-Im Bank services. The bank opened its first regional center in Minn...
U.S. supports solar exports to Mexico
Tuesday, January 29, 2013
   The U.S. Export-Import Bank will guarantee a $780,000, 10-year loan to be made by UPS Capital Business Credit to finance the export of photovoltaic solar modules from Suniva Inc. in Norcross, Ga., to a rooftop solar-power project of Grupo Metal Intra S.A.P.I. de C.V. (GMI) in Mexico.    The transaction is being made possible by using medium-term buyer financing that is available to support smaller-scale renewable energy projects in Mexico and in most other countries, the bank said...
New environmental law app for seafarers
Tuesday, January 22, 2013
   The Seamen’s Church Institute of New York and New Jersey (SCI) has launched a new mobile app aimed at providing seafarers a way to brief themselves on U.S. environmental laws.    The app, available at enviroguides.us, was developed in conjunction with the National Fish and Wildlife Foundation and Massachusetts Maritime Academy, and is accessible via the Web browser on any device (mobile phone, tablet or computer) to inquire about and search a constructive summary of the laws ...
Texas institute develops navigation app for Houston channel
Friday, January 18, 2013
   Researchers at Texas A&M University-Corpus Christi’s Conrad Blucher Institute (CBI) have designed a new mobile application to provide ship captains and pilots with real-time predictions of ocean water levels and currents along the Houston Ship Channel, which services the second-largest port in the United States, the ports of Houston and Galveston.    The app is based on information from sophisticated models that map and chart the channel’s topographic features several times a d...
TT Club highlights dangers at marine terminals
Friday, January 18, 2013
   Insurer TT Club is highlighting the dangers to dockworkers from accidents involving heavy equipment in a recent publication.    For example, it said lift trucks were involved in 30 percent of the bodily injury claims analyzed, mainly the result of trucks reversing into people. The installation of anti-collision devices could potentially have saved $30 million and prevented 51 workers from being killed or suffering serious injury over the last six years.    The insurer no...
Ex-Im Bank backs fire truck exports to Nigeria
Friday, January 11, 2013
   The U.S. Export-Import Bank has authorized a $15.7 million direct loan to the state government of Lagos, Nigeria, to underwrite the purchase of 32 American fire trucks made by W.S. Darley & Co. of Itasca, Ill.    The loan, which is in line with the Obama administration’s “Doing Business in Africa Campaign,” will support about 100 U.S. jobs, according to Commerce and Labor department estimates. Moreover, 65 percent of the financing is expected to support American small business...
Crime analytics firm, insurance broker take on cargo theft
Thursday, January 10, 2013
   The cargo division of Verisk Crime Analytics has entered into an alliance with insurance brokerage and risk management firm Integro Insurance Brokers to support the cargo theft prevention efforts of Integro's domestic property broker and forwarder clients.    Under the agreement, Integro will provide complementary membership to Verisk’s CargoNet system for all of its logistics liability program clients.    CargoNet is centered on a national database and information-sharin...
SeaIntel, PR firm start Africa ports portal
Monday, January 07, 2013
   The shipping consultancy SeaIntel Maritime Analysis has partnered with Appropriate Communications, a public relations agency focusing on maritime and logistics in emerging markets, to start a new portal that gives status updates on ports in Africa.     Port Overview was launched Monday after two months of live operation, the two companies said in a statement. The portal shows, in map form, status reports on Africa’s 50 most important container terminals and related logis...
Groups help NY’s storm-battered medical community
Friday, December 28, 2012
   To provide relief to storm-battered medical facilities in Brighton Beach and Sheepshead Bay, N.Y., the Afya Foundation and Global Links have partnered to launch the Sandy Doctors Recovery Project .     The project’s goal is to replace damaged medical equipment, supplies and furniture in 30 clinics in the Southern Brooklyn communities. The effort is being conducted in cooperation with the Federal Emergency Management Agency (FEMA), Project Chernobyl, Aidmatrix, American Lo...
Jaxport receives grant to reduce crane emissions
Friday, December 21, 2012
   The Port of Jacksonville has received a $585,000 federal grant to install diesel oxidation catalysts on container cranes to improve the air quality in and around the port, according to information on the port's Website.    The money was awarded by the U.S. Environmental Protection Agency's Diesel Emission Reduction Program through a direct allocation to the Florida Department of Environmental Protection, which then selects projects to support. The Florida DEP grant is from a ...
White paper outlines terminal safety recommendations
Friday, December 21, 2012
   Recommended safety standards for container yard equipment have been published in a white paper by the insurer TT Club, the Port Equipment Manufacturers Association (PEMA) and the International Cargo Handling Cooperation Association (ICHCA).    The groups have identified additional safety devices that can be implemented on yard equipment, along with other operational changes in order to reduce injuries and fatalities as well as cargo, property and equipment damage.    ...
BlueWater Reporting launches new liner shipping analytics Website
Friday, December 14, 2012
   BlueWater Reporting has announced today the launch of a new Website, www.BlueWaterReporting.com .    The new service combines business intelligence tools for analyzing liner shipping on a global basis with news content from media partner American Shipper .     BlueWaterReporting.com combines 17 new analytical applications on the BlueWater Reporting business intelligence platform with seven reports from the www.ComPairData.com Website, which it replaces. Details on a...
Ex-Im Bank backs $1.03 billion for U.S. exports to Germany
Friday, December 14, 2012
   The U.S. Export-Import Bank approved a $1.03 billion loan to GLOBALFOUNDRIES to finance the export of American-made semiconductor manufacturing equipment to Germany.    The transaction, which is Ex-Im Bank’s third with GLOBALFOUNDRIES and its related entities, will support about 9,700 jobs, according to Commerce and Labor department data.    Four American exporters from California, Massachusetts, and Oregon will participate in the transaction.    In specific, E...
APL releases mobile version of shipment tracking tool
Thursday, December 06, 2012
   APL Logistics said Thursday it has released a version of its SeeChange shipment tracking tool for mobile devices.    SeeChange Lite allows customers to secure tracking capability from Apple, Android and Blackberry mobile and handheld devices in a free, downloadable app version.    “SeeChange Lite is a step towards enhancing our suite of value-added services to meet complex, international logistics challenges,” said May Chew, vice president of technology for APL Logistics...
FMCSA turns up heat on unsafe truckers
Tuesday, December 04, 2012
   The U.S. Transportation Department's Federal Motor Carrier Safety Administration has implemented 11 improvements to its Safety Measurement System (SMS) to enhance its ability to identify and take action against truckers with safety and compliance concerns.    The changes were developed over several months with feedback from the public and industry stakeholders, the agency said.    SMS uses all available inspection and crash data to prioritize carriers for interventions. ...
Washington Notebook: U.S. focuses on Sub-Saharan trade
Tuesday, December 04, 2012
U.S. works to connect businesses with Sub-Saharan market.    Acting U.S. Commerce Secretary Rebecca Blank last week launched the "Doing Business in Africa" campaign at an event in Johannesburg, South Africa.    The campaign to promote economic growth, trade and investment in Africa, is part of a larger U.S. strategy toward Sub-Saharan Africa issued by President Obama in June. The strategy aims to help countries in the region diversify their economies beyond natural resources developm...
Ex-Im Bank backs bonds for Boeing planes to Ethiopia
Tuesday, December 04, 2012
   The U.S. Export-Import Bank said it will back bonds issued by Ethiopian Airlines of Addis Ababa to finance the export of four of 10 Boeing 787 Dreamliner aircraft to Ethiopia.    Ethiopian Airlines obtained competitive interest rates on its bonds, the bank said.    Ex-Im Bank authorized the final commitment for the purchase of the B787s in May, and Boeing delivered the first aircraft to Ethiopian Airlines at Washington Dulles International Airport on Aug. 15. Nippon Expo...
U.S. trade mission underway in Sub-Saharan Africa
Wednesday, November 28, 2012
   U.S. Undersecretary of Commerce for International Trade Francisco Sánchez is leading a trade mission this week, Nov. 26-30, in Zambia and South Africa.    Some of the 14 companies that sent representatives on the trade mission are Case New Holland, Dow Chemical, Electro-Motive Diesel, and General Electric.    The delegation arrived in Lusaka, Zambia, on Monday, and has met with public and private sector officials to discuss potential partnerships and projects that will su...
U.S. supports GE train deal with Kazakhstan
Wednesday, November 28, 2012
   The U.S. Export-Import Bank signed a credit agreement with Kazakhstan Temir Zholy (KTZ), Kazakhstan's state-owned national railway company, and KTZ's subsidiary Joint Stock Company Lokomotiv for $425 million to support the sale of about 200 General Electric locomotives and kits to KTZ.    “This transaction was initially held up because of outdated systems and processes,” Ex-Im Bank Chairman and President Fred P. Hochberg said in a statement. “That prompted us to change our way of d...
U.S. supports gas equipment exports to Trinidad and Tobago
Tuesday, November 27, 2012
   The U.S. Export-Import Bank approved a $37.6 million direct loan to support exports by McDermott International Inc. and five American suppliers of natural gas compression equipment and technology for a U.K. energy project off the coast of Trinidad and Tobago.    The bank's financing will support about 350 jobs in Texas, California, and Louisiana, according to bank estimates derived from Commerce and Labor department data.    "In a complex gas production project like this,...
American Club plans 10% rate hike next year
Monday, November 26, 2012
   American Steamship Owners Mutual Protection and Indemnity Association (American Club) said it will increase premiums 10 percent on all classes of premium (mutual and fixed-premium) for both protection and indemnity insurance and freight, demurrage and defense insurance for the policy year starting Feb. 20.    The company said its directors decided on the increase after looking at the near- and longer-term implications of the economic climate, emerging trends within the P&...
Damco releases optimization tool
Monday, November 26, 2012
   The freight forwarder and third party logistics services company Damco said Monday it has released a new optimization tool aimed at vastly reducing the amount of time it takes a shipper to make changes to its supply chain.    The tool is meant to be seen as the strategic lever for the company’s Damco Dynamic Flow Control, a product it released earlier in 2012.    “A prerequisite for supply chain excellence is that you can evaluate supply chain performance, simulate your ...
Ex-Im Bank guarantees $500 million loan to LOT Airlines
Tuesday, November 20, 2012
   The U.S. Export-Import Bank has authorized a comprehensive guarantee on a $500 million loan to Polskie Linie Lotnicze LOT S.A. (LOT Airlines) for the export of a fleet of Boeing 787 Dreamliner planes to Poland.    Apple Bank for Savings of New York extended the loan. Nippon Export and Investment Insurance of Japan is also co-financing the transaction.    Boeing delivered the first 787 to LOT on Nov. 9 in Everett, Wash. LOT is the first European airline to operate the Drea...
Ex-Im Bank underwrites satellite exports to Hong Kong
Tuesday, November 20, 2012
   The U.S. Export-Import Bank has authorized two transactions aggregating $461 million to underwrite the export of American-made satellites to Hong Kong.    The pair of transactions will support about 3,700 U.S. jobs, according to bank estimates derived from Commerce and Labor department data.    Asia Broadcast Satellite (ABS) of Hong Kong will deploy the satellites to upgrade and expand its fleet, which offers coverage to 80 percent of the world’s population and targets em...
WTO launches new online data tool
Tuesday, November 20, 2012
   The World Trade Organization this week launched a new online tool that allows shippers to access aggregated data on merchandise and commercial services trade as well as selected market access indicators.    The tool includes four dashboards:    • The Trade Dashboard reveals the leading traders by commodity group, sector and year. Data can be shown by country, region or economic grouping. The dashboard also shows the leading partners of selected countries.    • T...
Analysis: Freight industry to suffer if nation goes over fiscal cliff
Monday, November 19, 2012
   The large, automatic spending cuts scheduled to kick in the first week of January if Congress and the Obama administration don't reach agreement on an alternative budget-reduction plan will have a significant impact on programs critical to goods movement and has shippers worried about their business operations.    U.S. Customs and Border Protection, for example, faces the loss of more than $950 million for the current fiscal year, while the Department of Transportation is...
WorldWide Alliance’s iPad app
Friday, November 16, 2012
   The WorldWide Alliance, a network of neutral non-vessel-operating common carriers, has launched WWA 2.0, its second-generation iPad application.    The upgraded version features a new design and enhanced navigation. The application allows WWA customers to submit booking requests, track shipments, look up less-than-containerload rates globally and manage documents through SmartDocs.    “With the release of WWA 2.0, we are bringing the newest technology to our customer’s fi...
U.S. import volume down nearly 5% in October
Thursday, November 15, 2012
   U.S. import container volume fell 4.8 percent in October, year-on-year, according to the latest figures from the trade intelligence firm Zepol Corp.    Volume imported during the month was 1.4 million TEUs.    “Low October numbers were not always the case,” Zepol said. “Looking at pre-recession levels, October had some of the highest TEU counts, but in 2011 and 2012, the holiday import-surge has shifted back to July and August.”    The threat of a port strike a...
FCPA guidance released
Thursday, November 15, 2012
   The U.S. Justice Department and the Securities and Exchange Commision on Wednesday released a long-awaited guidance on the Foreign Corrupt Practices Act regulation that makes it illegal for certain individuals to make payments to foreign government officials to assist in obtaining or retaining business.    The 130-page guidance was unveiled a day before the American Conference Institute’s National Conference on the FCPA, which is being held today in Washington, and a year since Ju...
CargoSmart starts shipping delay newsletter
Wednesday, November 14, 2012
   The global shipping and logistics software developer CargoSmart said Wednesday it has launched a monthly, complimentary e-newsletter designed to provide shippers, logistics service providers, and ocean carriers intelligent insights about cargo delays around the globe.    The newsletter, Innovating , will allow subscribers to receive an aggregated view of shipment exceptions around the globe, reasons for the exceptions, and trends in the data that provide new visibility to improve ...
Trailer Bridge's Gotimer opens consulting, legal office
Wednesday, November 14, 2012
   William G. Gotimer Jr., a former co-chief executive officer, general counsel and secretary of Trailer Bridge, has opened a law practice and business consultancy in Rockville Centre, N.Y.    Gotimer served as co-CEO of Trailer Bridge during 2011 and 2012, and helped steer the company through a reorganization under Chapter 11 of the federal bankruptcy law earlier this year. He was general counsel and secretary of Trailer Bridge from 1990 until 2012. Earlier in his career, ...
Commerce's new export finance guide released
Tuesday, November 13, 2012
   The U.S. Commerce Department’s International Trade Administration will release the third edition of its  Trade Finance Guide: A Quick Reference for U.S. Exporters at the Finance, Credit and International Business Association (FCIB)’s 23rd Annual Global Conference in Philadelphia Tuesday.    The guide is designed to be a 60-minute workbook covering the things exporters need to know about how to get paid from export sales . An estimated 300,000 copies have been distributed ...