Representatives Janice Hahn, D-Calif., and Ted Poe, R-Texas, announced Wednesday the formation of a Ports Caucus in the House to raise awareness about the importance of ports and generate legislative support within Congress. More than 13 million jobs and a quarter of Gross Domestic Product are tied to international trade, 95 percent of […]
The latest edition of the monthly Global Port Tracker forecast prepared by Hackett Associates and the Bremen Institute of Shipping Economics and Logistics says shipments to European ports for the remainder of the year and early 2012 could be weak. “Much depends on the level of confidence and this depends on the handling […]
By Renee Roe, Senior Consultant, BPE Many people will tell you that you should write an Export Management and Compliance Program (EMCP) because the U.S. Commerce Department’s Bureau of Industry and Security (BIS) recently updated its guidelines. An even better reason to spend the time to ensure you have a current EMCP is to […]
By Chris Gillis, Editor It’s no secret that international shippers will move their freight through ports where they get the best service at the lowest price. Otherwise, it doesn’t really matter to them which ports their containers pass through en route to the final U.S. destination. So, why the uproar with west coast […]
OOCL is increasing the vessel size it operates on its KTX 2 loop, linking Japan with South China and Thailand, from 2,742 TEUs to 4,562 TEUs. Its Japan to Singapore KTX 1 loop already has 4,500-TEU ships.
Truck tonnage in the United States improved 5.9 percent in September from a year earlier while increasing 1.6 percent from August, a sign that the traditional peak shipping season is beginning at a moderate level, according to the American Trucking Associations. The industry group’s latest member survey puts the Truck Tonnage Index at […]
Union Pacific Railroad said this week it will spend $4 million to upgrade a rail line that runs from Jefferson City, Mo., to west of Marshall, Mo. The project, due to be completed by mid-December, will see the railroad replace more than a quarter mile of rail in various curves, as well as […]
Singapore Airlines Cargo said Tuesday that it will start twice-weekly Boeing 747-400 freighter services to Frankfurt from Nov. 2. The freighter services will complement the cargo capacity available on Singapore Airlines’ twice-daily passenger flights between Singapore and Frankfurt. Frankfurt is a major manufacturing and air transportation hub, with major exports being machinery and […]
The Justice Department said five individuals have been indicted for conspiring to export radio frequency modules to Iran to make improvised explosives.
The Luxembourg-headquartered global logistics company Logwin has moved to a larger facility in Guangzhou to capitalize on growing demand in Pearl River Delta region, the company said Wednesday. “The new office is part of a longer term plan by Logwin to expand its sales capability and office network across a region that includes […]
Trade and logistics software developer Kewill has released its second annual review of the state of global trade management, 2011 Best Practices Survey for Global Trade Management, and found that 73 percent of the industry still has completely manual or semi-automated processes for preparing export documentation. Kewill surveyed more than 800 logistics professionals […]
Non-vessel-operating common carrier CaroTrans has started a new all-water less-than-containerload import service from Shanghai to Boston. The first sailing of this weekly service was Oct. 20. This offering is in response to requests from importers for a fast service direct to Boston that bypasses New York metropolitan area congestion, the NVO said. […]
Non-vessel-operating common carrier Vanguard Logistics Services has launched three new direct less-than-container load ocean services from Dalian, Shenzhen and Tokyo/Yokohama to Chicago. “Direct service is the freight forwarder’s preference as it provides faster transit times, less damages and fewer delays,” said Richard Haddock, Vanguard’s U.S. import business development manager. The neutral NVO […]
The head of the nation’s largest container port suggested Monday that Canada’s investment in its western ports to capture more Asian trade is smart policy and that a U.S. government inquiry into cargo diversion up north should focus on domestic impediments to U.S. port competitiveness. In a wide-ranging interview with American Shipper’s editorial […]
The Ports of Indiana has named former Procter & Gamble executive Scott Stewart as port director for the Port of Indiana-Jeffersonville. Stewart retired from P&G in 2008 after 24 years. He most recently served as a senior policy director for Indiana Gov. Mitch Daniels and most recently as director of strategy for the Indiana […]
Cargotec, a Finnish terminal equipment and systems provider, has entered into a cooperation with Rosmorport in Russia to coordinte marine trnsport infrastructure development. “Rosmorport is a high-level leverage for participating in ports’ infrastructure development. This cooperation will also increase our opportunities to present our know-how in Russia,” said Mikael Mäkinen, Cargotec’s president and chief […]
The Port of Antwerp has signed two agreements with organizations in the inland Chinese metropolis of Chongqing – a training deal for international forwarders and an information exchange with mutual promotion on port matters.
It would be difficult to overstate how important it is for companies that are engaged in international trade to comply with the Foreign Corrupt Practices Act (FCPA) today. Enforcing the FCPA is now a top priority of U.S. law enforcement agencies, which have recently increased their efforts at a considerable pace. International anticorruption efforts are […]
The ocean carrier industry is finding it difficult to deploy a massive influx of capacity into global trades with relatively low levels of demand. Rates have faltered on the eastbound transpacific and westbound Asia/Europe trade, and newer trades are showing signs of similar vulnerability. Meanwhile, the usually dependable intra-Asia trade is growing slower than […]
Public companies are preparing to comply with new regulations that will require them to trace the source of four metals — tantalum, tin, tungsten and gold — in their products. The U.S. Securities and Exchange Commission will roll out rules to implement provisions in the mammoth Dodd-Frank Wall Street Reform and Consumer Protection Act, which […]
