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| Ex-Im Bank offers credit pilot to small exporters |
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Wednesday, February 22, 2012
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The U.S. Export-Import Bank will provide small exporters with revolving credit through a new product called Global Credit Express (GCE). "This new product will provide additional liquidity for eligible American exporters and access to financing at a reasonable cost," said Bank Chairman Fred P. Hochberg, in a statement. Through GCE, small business exporters may be eligible for a revolving line of credit of up to $500,000 for 6 to 12 months. During t...
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| Motorola radios highlight device trends |
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Monday, February 20, 2012
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Motorola Solutions unveiled its SL Series portable radio and its new XPR 5000 mobile radio to address new issues in the modern logistics environment. The two devices fall under its MOTOTRBO umbrella that focuses on voice quality, extended battery life, and a large application developer program aimed at increased productivity and enhanced worker safety. The SL Series weighs less than the average smartphone, and Motorola said it's aimed the slim design at...
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| Analyst: $13.1 billion for smart transport |
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Friday, February 17, 2012
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A study by Pike Research, a market research and consulting firm, found that intelligent transportation systems (ITS) will continue to see increased investment worldwide despite tightening purse strings. Pike estimates global investments in smart transport technology will reach $13.1 billion from 2011 through 2017. ITS, also called smart transportation systems, includes electric vehicles, vehicles with advanced telematics systems, new and ...
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| Imperial, GIBS partner on supply chain program |
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Friday, February 17, 2012
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The Johannesburg, South Africa-based Gordon Institute of Business Science (GIBS) and Imperial Logistics, a logistics services provider, have launched a Supply Chain and Logistics Program to provide teaching and research in the fields of logistics, supply chain management, and transportation management. The goal of the program is to raise awareness of supply chain management systems for firms in the Southern and greater Africa regions, and also create supply chain ...
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| iGPS names Neizer COO |
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Friday, February 10, 2012
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Intelligent Global Pooling Systems (iGPS), a provider of plastic pallets with embedded radio frequency identification (RFID) tags, appointed Meredith Neizer to chief operating officer. She brings more than 30 years of experience in the supply industry to iGPS. Neizer joins iGPS from US Foods where she was senior vice president of operations. She has also held senior positions at Martin-Brower, a foodservice distribution company, and at liner carrier Maersk L...
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| Ryder app locates trucks, fuel, and help |
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Thursday, February 09, 2012
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Ryder System, a transportation and supply chain management company, has launched its new mobile application, Ryder Locator, to help customers find the nearest Ryder truck rental, maintenance, or fueling location in the United States and Canada. The app, free and available to iPhone, BlackBerry, and Android users, shows the specific services offered at each location.
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| Moody's downgrades NYK and MOL |
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Monday, February 06, 2012
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The ratings agency Moody’s has downgraded its ratings of Japanese ocean carriers NYK Line and MOL. NYK’s rating dropped from Baa1 to Baa2, while MOL’s dropped from A3 to Baa1 because of “the unfavorable state of the ocean shipping market, given the continued over-capacity in vessels.” In September, Moody’s downgraded NYK and MOL from stable to negative, but didn’t alter its ratings for the lines. “NYK's dry bulker and tanker segments face the ch...
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| Ship financier scales vessel lending |
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Wednesday, February 01, 2012
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One of the world’s top shipping financiers said this week it plans to scale back its ship financing operations, according to a Reuters report Tuesday. UniCredit, Italy’s largest bank by assets, told the news agency it plans to sell some of its shipping portfolio and reduce its exposure to the industry by renewing loans very selectively. France's two biggest listed banks, Societe Generale and BNP Paribas, also plan to exit or shrink non-core businesses such a...
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| Trade finance dwindles in 2012 |
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Friday, January 20, 2012
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New research by the International Chamber of Commerce and International Monetary Fund has revealed a pessimistic outlook for demand for trade finance products like letters of credit in 2012, with the euro crisis largely to blame. Based on input from 337 financial institutions responding to a joint ICC-IMF survey , the findings show emerging Asia has the strongest outlook globally while the euro area is the weakest. Results of the survey were released Thursday by the U.S....
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| AEW Europe merges logistics funds |
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Tuesday, January 17, 2012
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AEW Europe will merge its three existing logistics funds to create a 1 billion euro pan-European logistics platform. AEW said the new fund will be one of the largest logistics investment portfolios in Europe. The firm also noted the logistics market has been undergoing a large consolidation in recent years and believes companies will try to minimize the number of partners they have in the space. The strategy of AEW's logist...
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| Small firms miss exports, UPS says |
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Friday, December 30, 2011
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Only a quarter of small and medium-sized businesses export even though growth prospects overseas are better than strictly through domestic sales, according to a survey of more than 1,000 companies sponsored by UPS. The survey sample shows the untapped potential for exports, but is substantially more than the 1 percent of U.S. companies overall that the U.S. government and other experts estimate are engaged export activity. The uncertain economy and governmen...
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| Cambridge Systematics promotions |
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Tuesday, December 20, 2011
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Cambridge Systematics has promoted two existing staff members to head up its Transportation Modeling Group. Kimon Proussaloglou was named executive vice president and will lead the group, while John Evans will be the group's operations manager. Proussaloglou has been a principal at Cambridge Systematics and specializes in market research, statistical analysis and modeling, and survey design with more than 20 years of experience. The firm ...
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| GE Capital joins supply chain finance program |
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Friday, November 04, 2011
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GE Capital will participate in the U.S. Import-Export Bank's Supply-Chain Finance Guarantee Program, which provides competitively priced working capital financing to suppliers of U.S. exporters, particularly small and medium-sized enterprises. GE Capital joins Citibank and JP Morgan in participating in the bank’s program. Ex-Im Bank developed the program in response to capital needs of small businesses and to help ensure that President Obama's National Export Initiative goal of...
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| Study: Great Lakes-Seaway boasts North American jobs |
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Tuesday, October 18, 2011
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The Great Lakes-St. Lawrence Seaway navigation system supports more than 225,000 jobs and generates billions of dollars in income and revenues annually in both the United States and Canada, according to a study released today. The study, “The Economic Impacts of the Great Lakes-St. Lawrence Seaway System 2010,” was commissioned by the maritime industry and government agencies from both countries. It was peer reviewed by both U.S. and Canadian economists. &...
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| HP Enterprise names Cook VP transport |
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Wednesday, September 28, 2011
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HP Enterprise Services, an airline information system services provider, has named Brian Cook to vice president and general manager for travel and transportation services. Before joining HP, Cook was president of SITA Inc. U.S.A. and head of the Airline Solutions division of SITA, responsible for all aspects of the passenger services business.
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| U.S. presses renewables exports to Mexico |
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Wednesday, September 28, 2011
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Obama administration and U.S. industry officials are in Mexico this week to promote exports of renewable energy technologies to that country. “Mexico offers tremendous potential for U.S. renewable energy and energy efficiency companies and the U.S. government is committed to helping our exporters meet this opportunity,” said U.S. Commerce Undersecretary for International Trade Francisco Sánchez in a statement Tuesday at U.S.-Mexico Renewable Energy and Energy Efficiency Policy ...
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| APL Logistics helps EMD in India |
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Tuesday, September 27, 2011
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APL Logistics said it has opened a 50,000-square-foot production and warehousing facility for Electro-Motive Diesel Inc., a global manufacturer of locomotives, in Gurgaon, India. The logistics arm of ocean carrier APL is extending its existing relationship with EMD to support the assembly of locomotive components and the storage and distribution of aftermarket service parts at the site, located in the second largest city in the state of Haryana. APL Logistics helped...
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| CEOs ask Congress to invest in transport system |
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Monday, September 26, 2011
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Heads of some of the largest U.S. manufacturing and transportation companies last week sent a letter to the leaders of the U.S. House and Senate urging serious attention be given to passage of a long-term investment program aimed at repairing and upgrading the nation’s neglected surface transportation network. “Our companies and employees are major users of the U.S. highway, bridge, rail, air, and public transportation systems. We depend on the ability to move produc...
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| TMSA adds Connections Events |
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Tuesday, September 20, 2011
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The Transportation Marketing and Sales Association, a networking and education group, has expanded its Connections Events this year to include three locations. The events will be held on: • Oct. 4 in Jacksonville, Fla. • Oct. 20 in Fayetteville, Ark., and in Los Angeles. During these events, attendees will be able to learn from the industry’s leading sales, marketing and communications professionals, the association said. At th...
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| Moody's downgrades MOL, NYK |
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Monday, September 19, 2011
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Ratings agency Moody’s has downgraded Japanese liners carriers MOL and NYK Line due to a weak freight market and overcapacity in its business segments. Moody’s has not changed its ratings on the two lines, but has downgraded them from stable to negative. The carriers’ “dry bulkers and tanker segments face the additional challenge of weak charterage conditions for non-long-term contracts,” the agency said. “The liner business is also weak due to oversupply, especial...
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| van der Jagt joins Forwarder Group |
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Wednesday, September 14, 2011
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van der Jagt Nicolette van der Jagt, the long-time secretary general of the European Shippers’ Council, will become director general of CLECAT, the European association for forwarding, transport, logistics and custom services. She will succeed Marco Sorgetti, who is leaving CLECAT to become the director general of FIATA in Zurich, effective Jan 1. “Nicolette is a very high profile personality with proven experience in communication and a very distinctive Brussels p...
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| U.S. promotes medicines trade |
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Tuesday, September 13, 2011
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On Monday at Round 8 of the Trans-Pacific Partnership negotiations in Chicago, the Office of the U.S. Trade Representative issued a white paper outlining a new USTR strategic initiative, Trade Enhancing Access to Medicines (TEAM). TEAM offers trade policy tools to promote trade and reduce obstacles to access to both new and generic medicines, while supporting innovation for developing new medicines, USTR said. The white paper describes how, under t...
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| College hosts auto supply chain competition |
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Tuesday, September 13, 2011
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Wayne State University’s School of Business Administration, with support from General Motors, is bringing in logistics students from across the country to Detroit on Sept. 22-25 for an in-depth look at the supply chain systems that support the automotive industry and its high-tech vehicles. The General Motors-Wayne State University Supply Chain Case Competitio , featuring the Chevrolet Volt, will bring 16 university groups. The program will introduce st...
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| FMC addresses index-linked contracts |
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Friday, September 09, 2011
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The U.S. Federal Maritime Commission on Thursday voted unanimously to initiate a rulemaking to give more leeway for ocean carriers and shippers to use service contracts with rates linked to freight rate indexes. To date, the FMC said it has received more than 50 service contracts that reference freight indexes. Under the commission's current rules, service contracts can only reference outside terms, such as a rate in a freight index, that are 'contained in a public...
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| Bergerson named Liberian registry CEO |
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Friday, September 09, 2011
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Scott Bergeron was appointed chief executive officer of the Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry. He joined LISCR in 2000 as chief operating officer. Before that, he worked for shipowner and manager Laurin Maritime, Det Norske Veritas, and the U.S. Coast Guard, as well as gained practical seagoing experience on a variety of different types of ships. Yoram Cohen and Adam...
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| DHL outsources B767 flying to Atlas |
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Friday, September 09, 2011
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Atlas Air said Thursday it will fly and maintain five Boeing 767 wide-body freighters owned by express carrier DHL Express in its North American network starting in 2012. The company is an all-cargo airline that operates its own planes under contract to airlines. It also offers plane-only leases, charter services, flight training and other specialized aviation services. In 2010 it began offering airlines the ability to simply hire Atlas to provide crews and maintenance for thei...
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| Obama seeks $50 billion for transport infrastructure |
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Friday, September 09, 2011
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President Obama unveiled a $447 billion plan last night to quickly inject money into the economy and create incentives for companies to hire workers, including $50 million to jumpstart surface transportation projects. There is $105 billion total for infrastructure in the jobs legislation proposed by the president, but $45 billion of that amount goes to modernizing schools and rehabilitating vacant property in blighted neighborhoods. The plan also includes $10 million to capital...
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| U.S. July exports up 3.6% |
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Friday, September 09, 2011
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The U.S. Commerce Department reported Thursday that the country's exports in goods and services for July were up 3.6 percent from June to $178 billion. The value of exports in July, as well as the individual export values for goods and services, was the highest on record, the department noted. Exports of capital goods ($42.1 billion) and exports to South and Central America were also the highest on record in July ($14.7 billion). U.S. imports of goods and services ...
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| Execs named to U.S.-Brazil CEO Forum |
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Friday, September 09, 2011
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The White House on Thursday announced the U.S. private-sector participants for the 2011-2013 sessions of the U.S.-Brazil CEO Forum. The forum includes up to 24 chief executive officers from the United States and Brazil and meets twice a year to provide joint recommendations to the two governments on ways to strengthen the U.S.-Brazil economic relationship. The U.S. CEOs serve two-year terms and are selected from respondents of a joint Commerce Department-White House Federal Reg...
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| USDA fills ag trade advisory committees |
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Friday, September 09, 2011
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The U.S. Department of Agriculture and the Office of the U.S. Trade Representative on Thursday announced the appointment of 148 private-sector members to the Agricultural Policy Advisory Committee (APAC) and six Agricultural Technical Advisory Committees (ATACs). "Members of these seven committees understand the importance of open markets to the U.S. economy,' said U.S. Agriculture Secretary Tom Vilsack, in a statement. 'By serving on these committees, they have the opportunity...
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| Zuniga named NCBFAA educational director |
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Friday, September 09, 2011
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Federico 'Kiko' Zuniga, a past president and chairman of the National Customs Brokers and Forwarders Association of America, will now join the organization's full-time staff as its educational director. Zuniga played a key role in creating the NCBFAA Educational Institute, which offers certification courses, webinars and other types of educational outreach for members and non-members alike in an effort to increase professionalism in the broker industry. Zuniga, who...
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| FMC reviews 68 OTI license applications |
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Friday, September 09, 2011
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The U.S. Federal Maritime Commission has received 68 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from ARO Cargo Services, Woodside, N.Y. (Olga Manrique, president); Arrow Shipping Line, Jamaica, N.Y. (Po Shan Wong, president); Beyond Shipping, Diamond Bar, Calif. (Yilian Yang, president); CLX Holdings, Rego Park, N.Y. (James White, vice president); Cyclone Shipping, Walnu...
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| Container lessor sees expanding role |
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Thursday, September 08, 2011
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The head of the world's largest container leasing company said Wednesday he expects shipping companies to start adding containers to their fleets next year, with many relying heavily on leasing companies for new equipment. John Maccarone, president and chief executive officer of Textaine
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| TBS says banks grant forbearance |
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Thursday, September 08, 2011
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Breakbulk and bulk ship operator TBS International said Wednesday its lenders have agreed to let it not make principal payments due on loans from Sept. 30 to Dec. 15. "During this forbearance period, the company and its various lender groups will negotiate amendments to restructure the company's various financing facilities and cure any existing defaults," TBS said, adding it "intends to pay only the stated interest on its financing facilities during the forbearance peri
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| MSC to raise U.S.-to-South America rates |
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Thursday, September 08, 2011
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Liner carrier Mediterranean Shipping Co. said this week it plans to hike rates on shipments from the United States to the West Coast of South America. The increases are: ' $250 per 20-foot container and $500 per 40-foot container from U.S. East and Gulf coasts ports
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| MarAd Panama Canal, marine highways workshops |
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Thursday, September 08, 2011
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The U.S. Maritime Administration has announced a series of public listening sessions and workshops related to the expansion of the Panama Canal and the U.S. marine highway program. The meetings serve as a forum for the maritime industry to present its views and concerns on critical issues t
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| Obama to call for infrastructure investment |
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Thursday, September 08, 2011
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President Obama is expected to announce $100 billion for transportation and other infrastructure investments as part of a $400 billion emergency plan to try and spur job growth when he addresses a joint session of Congress tonight, according to CNN White House correspondent Jessica Yellin, citing Democra
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| House approves GSP renewal |
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Thursday, September 08, 2011
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The U.S. House Wednesday evening approved a retroactive renewal of the Generalized System of Preferences. GSP, which allows for duty-free treatment of certain goods from developing countries, was allowed to expire by Congress on Dec. 31. Since GSP's expiration, it's estimated that U.S. importers pay as much as $2 million a day in duties, according to the Coalition for GSP. Nearly 130 countries and territories maintain GSP status with the United States. GSP applies ...
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| Hong Kong pitches luxury good importers |
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Thursday, September 08, 2011
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Government officials and businesses highlighted the attractiveness of Hong Kong as a logistics center, particularly for high value and luxury goods, at a seminar in New York Tuesday. Doris Cheung, deputy secretary for transport and housing in Hong Kong Special Administrative Region, said
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| FDA pilots trace food-borne illnesses |
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Thursday, September 08, 2011
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The U.S. Food and Drug Administration said two new pilot projects would enhance the agency's and industry's ability to trace products responsible for food-borne illness outbreaks. The Institute of Food Technologists (IFT), a nonprofit scientific society comprising professionals engaged
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| Guidelines for U.S. meat exports to Mexico |
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Thursday, September 08, 2011
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The U.S. Meat Export Federation (USMEF) has published guidelines for managing and expediting the export of red meat products to Mexico. The 74-page booklet covers everything from paperwork done at the processing plant to documentation, Mexican inspection, customs verification and answers to commonly asked questions. 'These recommendations were developed after many visits performed by USMEF technical staff to different agencies and groups engaged in
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| Commerce, SIDO promote state exports |
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Thursday, September 08, 2011
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The U.S. Commerce Department's International Trade Administration and the State International Development Organization on Wednesday signed a memorandum of intent to partner on assisting companies with exports of goods and services to new overseas markets. 'Working with partners like the State International Development Organization will allow more small and medium-sized businesses to tap into resources that will help them find new customers,' said Undersecreta
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| YRC names Schwar VP of exhibit services |
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Wednesday, September 07, 2011
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Overland Park, Kan.-based trucking company YRC has appointed Bill Schwar to vice president of exhibit services. In his 28 years with YRC, Schwar has held positions of increasing responsibility, serving in management roles during the past 16 years in the Exhibit Services division. YRC's Exhibit Services' customers cover a variety of industries including agriculture, banking and finance, entertainment, mining, construction, manufacturing, electr
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| WTO sides with U.S. in Chinese tire dispute |
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Wednesday, September 07, 2011
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The World Trade Organization Appellate Body on Monday found in favor of the United States in a dispute brought by China challenging the imposition of additional duties on imports of Chinese tires. A WTO panel rejected all of China's claims against the United States, finding it acted con
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| USDA: Humane transport for horses to be slaughtered |
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Wednesday, September 07, 2011
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The U.S. Department of Agriculture's Animal and Plant Health Inspection Service has amended its regulations to better ensure the humane treatment of horses during their transport to slaughterhouses, effective Oct. 7. The regulations cover the food, water and rest provided to these horses
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| Obama, mayors seek transportation funds extension |
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Wednesday, September 07, 2011
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Obama President Obama last week reiterated his call for Congress to pass an extension of the surface transportation bill without changes so that spending authority doesn&#
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| Ports try to avoid deficit ax |
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Wednesday, September 07, 2011
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Ports should be spared from federal spending cuts because they are engines of economic development and job creation that can help lift the country from the brink of another recession, the trade association representing U.S. port interests told a panel tasked with reducing the U.S. deficit. &#
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| SeaIntel questions new TSA Index |
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Tuesday, September 06, 2011
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Maritime consultant SeaIntel has questioned the validity of a rate index published last week for the first time by the Transpacific Stabilization Agreement a
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| Lacey Act ensnares Gibson Guitar Corp. |
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Tuesday, September 06, 2011
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Companies engaged in international trade often feel they are adhering to customs rules if their intentions are good, but a recent case involving Gibson Guitars underscores the importance of having strong internal controls over compliance activities. On Aug. 24, agents from the U.S. Fis
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| BIS rules reflect country name changes |
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Tuesday, September 06, 2011
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The U.S. Commerce Department's Bureau of Industry and Security has revised the Export Administration Regulations to reflect recent country name changes. The Netherlands Antilles, for example, dissolved on Oct. 10, 2010. BIS has removed the Netherlands Antilles from all places where it i
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| Port of New Orleans resumes operations |
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Tuesday, September 06, 2011
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Operations within the Port of New Orleans returned to normal, after the Associated Branch Pilots' decided to reopen the Mississippi River at Southwest Pass Monday morning. The pilots closed the channel at 5 p.m. Friday due to weather conditions associated with Tropical Storm Lee. 'Port of New Orleans officials worked closely with the Coast Guard and River Pilots throughout this event and we always err on the side of caution for the safety of all involved,' said Gar...
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| Caribbean carriers set peak fee |
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Friday, September 02, 2011
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Member lines of the Caribbean Shipowners Association reiterated this week they will begin assessing a peak season surcharge fee on southbound shipments from the United States to Caribbean destinations from Oct. 9. The announcement was first made on Jan. 13 to allow exporters and importers time to include the surcharge in their 2011 business plans, CSA said. The peak season surcharge will remain in effect through Dec. 11, and is a temporary surcharge o
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| Huntsville gets FAA approval to handle B747-8s |
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Friday, September 02, 2011
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Alabama's Huntsville International Airport has received Federal Aviation Administration certification to accommodate the Boeing 747-8. The certification allow the airport to accommodate the plane on its 10,000-foot runway and 12,600-foot runway -- the second-longest in the Southeast -- as well as all associated taxiways. Huntsville is among 21 airports approved to accommodate this plane type, including Chicago O'Hare, John F. Kennedy, Atlanta and Miami. &nb
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| American expands cold-chain service |
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Friday, September 02, 2011
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American Airlines Cargo division has expanded its cold-chain service, ExpediteTC, to include a new product for managing cold packaging during transit. ExpediteTC Passive supports ambient temperature control using cool rooms, expedited handling processes and high-visibility monitoring to ensure
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| DOT releases $34 million for Texas project |
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Friday, September 02, 2011
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The U.S. Department of Transportation on Thursday obligated $34 million to local authorities setting the stage for work to get underway improving a major freight rail chokepoint in Texas. The department also announced a $15 million grant to start engineering and environmental planning on a high-speed passenger rail route between Dallas-Fort Worth and Houston. The DOT announced last October that the Tower 55 project in Fort Worth was one of the winners
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| U.S. Customs stops re-export scam |
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Friday, September 02, 2011
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Some people looking for bargain-basement entertainment equipment may not get to see their favorite movies after U.S. Customs officers last month confiscated a shipment of DVD players valued at $881,000. Officers at the World Trade Bridge in Laredo, Texas, suspected foul play with a truck shipment heading to Mexico and ordered the truck to the side for an inspection, according to Customs and Border Protection. During the exam, they discovered 5,800 devices with the DVD an
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| Legislators criticize Jones Act waivers |
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Thursday, September 01, 2011
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A bipartisan group of legislators have sent a letter to President Obama criticizing the repeated use of waivers to allow oil companies to use foreign-flag ships to transport oil from the Strategic Petroleum Reserve (SPR). 'We strongly urge the Administration to end the practice of waiving the Jones Act for SPR oil distribution and handing American jobs to foreign shipping
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| ‘Fueling’ trade |
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Wednesday, August 31, 2011
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U.S. seeks partnership for drop-in biofuels The U.S. Agriculture, Energy and Navy departments on Tuesday issued a request for information laying out the Obama administration's goals, assumptions and tools, and requesting from industry specific ideas to leverage private capital markets to create a commercially viable drop-in biofuels industry. U.S. promotes 'green' energy exports to Brazil U.S. Commerce Department's Assistant Secretary for Manufacturing and Services Nicole Y. La...
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| CSAV adds ports to Gulf Bridge Express |
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Wednesday, August 31, 2011
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Chilean containership operator CSAV said it is adding ports to the Gulf Bridge Express service that it operates with CMA CGM between ports in South America, the Caribbean, Mexico and the United States. The service will add calls at Puerto Cabello in Venezuela and New Orleans in late September
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| FedEx Freight expands in Mexico |
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Wednesday, August 31, 2011
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FedEx Freight, a subsidiary of FedEx Corp., will serve three additional markets in Mexico. With new service centers in Toluca, Puebla and Veracruz, the less-than-truckload company said it has reduced transit times by an average of 50 percent for customers shipping in the southeastern
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