The decision by the U.S. and the European Union to recognize each other's trusted shippers is expected to save those companies money through speedier customs authorization.
President Obama issued May 1 an executive order that aims to foster international trade by promoting greater cooperation with other countries on the development and implementation of regulations that affect global commerce. The order notes that foreign regulatory approaches may differ from those taken by U.S. agencies and that in some cases the differences might be unnecessary and impair the ability of U.S. businesses to export and compete internationally.
Europe's leading network carriers, represented by the Association of European Airlines (AEA), are urging U.S. regulators to fully recognise European air cargo security standards and accelerate progress towards a mutual recognition agreement.
More than a third of U.S.-based manufacturing executives at companies with sales greater than $1bn are planning to bring back production to the United States from China or are considering it, according to a new survey by The Boston Consulting Group (BCG).
The Port of Los Angeles will invest billions of dollars in transportation infrastructure to maintain its ranking as the largest U.S. container port, according to the 2012-2017 strategic plan it just released.
Doesn't it seem as though we are forever plunging into recession, then clawing our way back to recovery? In recent months we've seen hints that the U.S. economy is on the mend, with unemployment levels dropping. At the same time, consumer confidence is once again on the decline. It's a mixed bag by anyone's measure, but we've yet to return to pre-recession numbers in key sectors.
Global third-party logistics had a mixed year in 2011, and 2012 could be more of the same. But the signs are highly promising, at least in certain areas, that the industry's fortunes are indeed looking up.
Following the announcement by President Barack Obama and U.S. Trade Representative Ron Kirk that the U.S.-Colombia Trade Promotion Agreement will enter into force May 15, the Retail Industry Leaders Association (RILA) said the benefits of the pact will be huge.
Import cargo volume at the nation's major retail container ports is expected to increase 3.2 percent in April compared with the same month last year, and year-over-year gains should continue through the end of summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
