Regulation & Compliance

Retail Imports to Increase 8.5 Percent in February After Ports Contract Deal Reached

February 13, 2013

With a tentative contract deal reached with East Coast and Gulf Coast dockworkers - though a key West Coast agreement remains unsettled - import cargo volume at the nation's major retail container ports is expected to increase 8.5 percent in February over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Four Priorities Identified to Securing Air Cargo Supply Chain

February 12, 2013

IATA

The International Air Transport Association (IATA) identified four priorities to make air cargo more secure and urged stakeholders to move forward on the implementation of the Secure Freight principles. Secure Freight was initiated by IATA to promote global security standards in order to facilitate safe, secure and efficient operations of air cargo.

CFOs Optimistic for Corporate and Economic Growth in 2013, Survey Finds

February 11, 2013

TD Bank

Middle-market and corporate CFOs are optimistic for macroeconomic and business growth at a level unseen since the height of the Great Recession, according to a survey by TD Bank. Forty-six percent of finance managers polled said they are more optimistic about U.S. economic growth over the next year compared to 2012. Further, 57 percent of respondents are more optimistic for their own companies' performance over the next year.

KFC Sales in China Bounce Back Following Squawk Over Food Safety

February 8, 2013

Los Angeles Times

An uproar in China over the safety of chicken sold at KFC "has been longer lasting and more impactful than we ever imagined," according to the chief executive of parent company Yum Brands.

Importer of Record Responsible Under New USDA Meat Import Guidelines

February 8, 2013

Deringer

On February 1, 2013, the United States Department of Agriculture, Food Safety Inspection Service (FSIS), announced new guidelines governing the importation of meat and meat products. According to the bulletin, "the guide articulates which products and FSIS sampling and testing programs are subject to this policy." The program known as "test and hold" has a major impact upon product being exported to the United States and upon the importers of record for these transactions.

Civil Aviation Group 'Should Be Focal Point' for Global Air Cargo Supply Chain Security Standards

February 7, 2013

GACAG

International Civil Aviation Organization should serve as the focal point for implementing global air cargo supply chain security standards, the Global Air Cargo Advisory Group (GACAG) says.

Oracle Enhances JD Edwards App for Health and Safety Management; One-View Reporting

February 6, 2013

Oracle Corp.

Oracle Corp. has introduced two applications for managing health and safety incidents, within version 9.1 of its JD Edwards EnterpriseOne software suite.

The European Commission has explained why its members felt that EU merger regulations forced the body to block the proposed acquisition of TNT Express by UPS.