Many large U.S. companies continue to try and "game the system" at year's end, artificially improving their balance sheets by manipulating receivables, payables and inventory, according to a study from REL, a division of The Hackett Group. Their efforts, which can range from deep discounting and extended payment terms on sales to simply "losing" supplier bills, do have a positive impact in Q4, the study found. But these companies pay a harsh price in Q1, when working capital performance bounces back to even worse levels than before.

The primary business of a port is serving as a hub for water-borne commerce and all of the logistics that entails, with each port competing for the business of shippers and container operators. Every investment made by a port authority, from a crane to a dredge to a security checkpoint, must be based on how this activity will not only position the port to current customers, but how it will affect the attraction of future customers.

The food and beverage industry has made some major moves in recent days in the struggle over super-sweet products. Major cereal-makers Nestle and General Mills pledged to cut sugar and salt content in children's breakfast cereals abroad, while soda and restaurant trade groups sued to stop a New York City ban on sales of large sugary drinks.

There are clearly identifiable steps needed to enhance shipping's already very impressive record of maritime safety, says International Chamber of Shipping Secretary General Peter Hinchliffe. There should be mandatory provisions to provide a place of refuge for ships in need of assistance, plus timely and obligatory reporting of casualty investigations by Flag States to the International Maritime Organization, replicating the handling of aviation incidents. In addition, environmental protection and crew and passenger safety can be addressed better by raising the current level of guidance on providing a place of refuge to a new level of obligation, he said.

FoodLink, a buying platform that connects fresh food retailers and wholesalers to a network of more than 2,000 supplier companies, will acquire TRUETRAC, a provider of mobile traceability solutions to growers, harvesters, packers and shippers of fresh-packed produce. The combined company will be the food industry's first integrated network for produce traceability that links crop planning, harvesting, packing, order management, shipping, receiving and individual item tracking from the field to the supermarket checkout line.

Chemlogix LLC, a provider of transportation, technology and supply-chain consulting services to the chemical industry, has launched a new freight-brokerage service.

The International Air Cargo Association (TIACA) and the International Civil Aviation Organization (ICAO) have committed to enhanced cooperation in the field of air cargo transportation.

Pirate attacks off the Somali coast have declined by more than 54 percent, leading to a softening of insurance premiums for the global shipping community but raising controversy surrounding the use of onboard private armed security contractors, according to the International Maritime Bureau's Piracy Reporting Centre.

In a case that has potentially significant consequences for NFC and RFID applications, the U.S. Federal Trade Commission is cracking down on so-called "phone home" technologies used by computer rental companies to monitor consumer behavior. When contemplating the use of any technology that provides use, location or other information about a product, retailers should be careful to ensure consumers know - or are at least able to know - exactly what the product is doing once they leave the store.