The Los Angeles/Long Beach Harbor Employers Association said at 11 p.m. PST that they had reached an agreement on a new contract to replace one that had expired on June 30, 2010, with the ILWU Local 63 Office Clerical Unit (OCU).
The 17,000-acre, public-private development Alliance Texas paid more than $1 billion in property taxes to eight entities, spreading its impact to four cities throughout two counties in the state. More than $20 million went to both Tarrant County and the city of Forth Worth in 2011, a vast increase over tax revenue a […]
The China Nuclear Industry Huaxing Construction Co., Ltd., a corporate entity owned and operated by the Chinese government, pled guilty Monday to conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Export Administration Regulations, and other related charges. It is believed that Huaxing’s plea marks the first time that a […]
The U.S. Export-Import Bank has voted to extend a $1.06 billion direct loan and to guarantee a $1.06 billion JPMorgan Chase loan to Reliance Industries Ltd. of Mumbai, India, for the export of American goods and services for expansion projects at Jamnagar in the Indian state of Gujarat. The transaction is the single […]
The U.S. Senate may vote as early as today on the pending 2012 Russia and Moldova Jackson-Vanik Repeal Act, which many industry groups say would open their trade opportunities in Russia. The House overwhelmingly passed the bill (H.R. 6156) without amendment on Nov. 16. The bill, if passed by the Senate and signed […]
U.S. Customs officials indicated in last weeks’ coverage of the annual Trade Symposium, “CBP turns triple play for trade facilitation,” that the new initiative to vet the security of export supply chains to Japan for members of the Customs-Trade Partnership Against Terrorism would take place in January. A spokesman clarified that the arrangement with Japan […]
The Los Angeles mayor said ILWU Local 63, Office Clerical Unit (OCU) and employers of the Los Angeles/Long Beach Harbor Employers Association have agreed to have a federal mediator to assist with contract negotiations.
Nearly 100 trade associations from around the country — groups representing the interests of retailers, manufacturers, farmers and transportation companies — sent a letter today asking President Obama to help end a strike that has crippled operations in the ports of Los Angeles and Long Beach. “We recognize the difficulties of government intervention […]
The agency 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.
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 […]
The U.S. Federal Aviation Administration has unveiled new aircraft tracking technology in Colorado that will allow air traffic controllers to follow a plane’s movements in mountainous areas outside radar coverage and in inclement weather. The technology is known as Wide Area Multilateration and was developed with the help of FAA and the Colorado […]
The liner carrier will “carry out a phased approach to simplify its surcharge structure, making it easier for all parties to deal with quotes, contracts and invoices. The surcharge structure will be finished by mid-2013.
Despite economic uncertainties and high credit-financing costs, Boeing officials say the world’s airlines will see enough liquid financing next year to sustain projected aircraft deliveries of $104 billion.
IAG Group, which was formed in January 2011 by merging British Airways and Iberia, has launched IAG Cargo as a separate entity. As a different division from its parent company, IAG Cargo will focus on welcoming new cargo carriers to IAG, according to a press release. The new company’s first move is […]
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 […]
Non-vessel-operating common carrier Troy Container Line has expanded its Charlotte, N.C.-based import operation by moving to a larger office in the port city. “The new office provides additional space for the company’s expanding staff, while creating an efficient and service-driven headquarters for the company’s import division,” the company said. Based in Red […]
The United States said it will support two activities to assist China’s efforts to develop its rail and port sectors. U.S. Trade and Development Agency Director Leocadia I. Zak and Transportation Department Assistant Secretary Susan Kurland made the announcement at the 5th U.S.-China Transportation Forum in Hangzhou late last week. The first […]
The USDA in its second Outlook for U.S. Agricultural Trade in fiscal year 2013 said the country’s farm exports have climbed more than 50 percent in value, from $96.3 billion in 2009 to a forecasted $145 billion in 2013.
A half-dozen large shippers polled on a not-for-attribution basis by American Shipper this week said they were surprised by how quickly the breakdown in contract talks developed into a strike.
The global on-demand shipping and logistics software developer CargoSmart said Tuesday it has released a new tool that allows customers to be alerted about cargo delays. The tool, VisibilitySmart, sends daily, early notifications of potential delays to shippers and logistics service providers. It also allows them to measure their carriers’ on-time performance and […]
