Give Congress credit for finally coming to agreement on a new surface transportation bill, after months of acrimonious debate and nine extensions of the old funding law, known as SAFETY-LU. The fact that the Senate and House of Representatives could agree on anything at all is, I suppose, reason to applaud, especially given the toxic atmosphere that chokes the political scene today. And this new measure is something more than a "kick-the-can-down-the-road" effort, given that it maintains current highway funding levels until September 2014.
Boeing's latest fleet forecast predicts a doubling of the world's fleet of aircraft in the next 20 years, generating demand for 34,000 new planes, at a cost of $4.5tr. At the same time, officials said the demand for freighters will remain sluggish over the next two decades and revised downward their previous forecast. Even so, freighters will nearly double to 3,200 by 2031.
Kuehne + Nagel has agreed to take over the business of Perishables International Transportation Inc. of Vancouver, Canada, another step in implementing the Swiss company's strategy to expand its activities in the field of perishables logistics globally.
This past month, non-asset-based third-party logistics companies took a big leap forward in their fight to join the Customs-Trade Partnership Against Terrorism (C-TPAT), one of our nation's leading supply chain security programs. The Department of Homeland Security approved port security legislation that includes creating a pilot program for non-asset-based 3PLs to participate in C-TPAT. The pilot program will give entry to C-TPAT to five 3PLs for one year.
The Consumer Goods Forum, an industry association of retailers, manufacturers and service providers, welcomes the announcement by the U.S. government at the Rio Plus 20 Conference to "forge a private-public partnership to support a concerted international effort to reduce deforestation by promoting sustainable supply chains."
The European Union recently convened in Brussels the first meeting of the High Level Group on Logistics, a 14-member assemblage devoted to advancing European transport policy measures, headed by European Commission vice president Siim Kallas.
The American Association of Port Authorities says delays in setting technical specifications for Transportation Worker Identification Credential card scanners could force ports to shoulder extra costs.
Driven in part by the global financial crisis, foreign intelligence services, corporations and computer hackers have stepped up efforts to steal technology and trade secrets from American companies, the FBI's top spy hunter told Congress.
China's retail sales growth slowed to 13.8 percent in May, down from the 16-0percent to 18-percent annual growth analysts have grown accustomed to. Many analysts are panicking, saying the data indicate the end of the Chinese consumption story. These fears are overblown.
Labelmaster, a manufacturer and distributor of products for complying with rules for the handling of hazardous materials, has released a GHS (Globally Harmonized System) Product Guide, to help companies meet the newly revised Hazard Communication Standard (HCS) of the Occupational Safety and Health Administration (OSHA).