Export manufacturing has recently become the unsung hero of the U.S. economy. Despite all the public focus on the U.S. trade deficit, little attention has been paid to the fact that the country's exports have been growing more than seven times faster than GDP since 2005. As a share of the U.S. economy, in fact, exports are at their highest point in 50 years.
C-TPAT membership applies to companies that move goods across U.S. borders, either as owners of the goods or logistics providers that manage or execute cargo movements.
The investigative arm of Congress is going to look into how the Obama administration developed its increased monetary estimate for the amount of damage caused by carbon pollution.
Lowe's Companies announced its acquisition of the majority of assets of Orchard Supply Hardware has been approved by the U.S. Bankruptcy Court for the District of Delaware. Lowe's will acquire 72 Orchard stores for approximately $205m in cash, plus the assumption of payables owed to nearly all of Orchard's supplier partners. Lowe's expects to close the transaction by the end of August.
Sea and inland navigation ports and freight terminals in Europe are faced with growing energy costs and major political and societal pressure in terms of their environmental performance.
Livingston International has released TradeSphere, software designed to automate trade compliance and reduce human error in the highly regulated and complex world of international trade.
When a key customer opted to embrace the internet, the U.K.'s Europa Worldwide Logistics had to step up with new software to manage the intensified demands for order management and customer service.
Some of the biggest gains in U.S. exports due to a widening U.S. production-cost advantage over leading Western European nations and Japan are likely to be seen in chemicals, machinery, and transportation equipment, according to a report by The Boston Consulting Group.
The National Customs Brokers & Forwarders Association of America Inc. has asked Customs and Border Protection to revoke or modify a number of long-standing interpretative rulings that it believes have created an overly strict confidentiality standard. The NCBFAA has requested that CBP adopt a standard that requires brokers to maintain the confidentiality of an importer's "proprietary business information" which is generally defined as information which could harm the importer's competitive position if disclosed.
Only 41 percent of companies surveyed are considered to have "mature" supply chain risk management processes, but nearly four in five mitigate against disruptions by implementing a dual sourcing strategy, according to a recent report.