The Far East Land Bridge cargo cooperation, whose members aim to revolutionize rail connectivity along the Trans-Siberian route, has witnessed the first container freight train travel from Suzhou, China, to Warsaw, Poland. The 14-day transit resulted from a project among the government of the City of Suzhou in the Jiangsu Province, PKP Cargo (the Polish state railway) and RZD Logistics (part of Russia's rail behemoth).
Global trade management (GTM) solutions streamline and automate processes related to customs and regulatory compliance, global logistics, and trade financing. By doing so, GTM solutions facilitate the flow of information, money and goods in global trade supply chains that include buyers, sellers and intermediaries, including customs agencies, banks, and freight forwarders.
The International Chamber of Commerce's International Maritime Bureau (IMB) has revealed that piracy on the world's seas is at its lowest third-quarter level since 2006, but warns of the threat of continuing violent attacks off the East and West coasts of Africa.
Sustainability can involve a global effort to calculate carbon emissions across the entire supply chain. Or it can mean the changing of a few light bulbs.
Retail sales were lagging long before the government shutdown, but the hit that the economy took from the closure didn't help things at all. Now, the National Retail Federation, the industry's top trade group, said that shoppers this year planned to reduce spending on presents and holiday preparations.
The International Civil Aviation Organization (ICAO) has decided on a mechanism to reduce carbon emissions from aviation activities, a move that has pleased the International Federation of Freight Forwarders Associations (FIATA) and the European Liaison Committee of Common Market Forwarders (CLECAT).
Four times in the last five years, the Pentagon's inspector general has found that Boeing Co. collected excessive or unjustified payments on U.S. defense contracts. In the latest of four audits since 2008, the watchdog office said the Chicago company charged the Army for new helicopter parts while installing used ones.
North America is the global leader in developing and deploying carbon capture and storage (CCS) and carbon capture utilization and storage (CCUS), with seven of the world's 12 operational large-scale integrated projects located in the U.S. and one in Canada, according to a study by the Global CCS Institute.