Topic: Global Trade

While many of the major Western nations are presently united in a military effort to wipe out terrorism in the Middle East and East Africa, there’s been an ongoing “lack of will” to enforce the same vigilance when it comes to ocean piracy.

The GPA announced that it experienced 16.3 percent container volume growth in February 2011 with additional impressive gains in automobiles, machinery and wood pulp

No major disruptions to inbound and outbound calls are anticipated, but carriers remain on guard

As President Obama completes his trip to Brazil, Chile and El Salvador, U.S. manufacturers are urging his administration to move forward on a the pending free trade agreement with Colombia.

Japan’s supply chain continues to be disrupted by the ongoing consequences of last week’s earthquake

Net income for the quarter—at $231 million—was down 3 percent from last year’s $239 million, but quarterly revenue at $9.66 billion was up 11 percent from last year’s $8.70 billion. Operating income—at $393 million—was down 6 percent year-over-year.

Following last Friday’s earthquake and subsequent tsunami, nearly all Japanese automakers have idled production, owing to either physical damage or rolling blackouts.

Volume gains continued on a steady pace at the Port of Los Angeles and the Port of Long Beach in February.

Import shipment volume for February, measured in twenty-foot equivalent units (TEUs) decreased 9.94 percent from January and increased 9.03 percent over February 2010, reported Zepol Corporation, a trade intelligence company.

While most of the world’s focus was on Japan’s response to its earthquake and related crisis, trade experts were quietly working behind the scenes in Washington last week to establish a long-term strategy for rebuilding that country’s economy.

As the global trade engine kicks back into gear, new demands for electronic notifications and the need for better, more efficient trade compliance are buoying the global trade management market. Are you prepared to harness your organization’s global opportunities?

Oracle recently announced it has rolled out enhancements to its Oracle Transportation Management and Oracle Global Trade Management platforms. Company officials said these new features are geared to help shippers and logistics service providers “further streamline processes, reduce costs, and mitigate risks.”

While U.S. shippers have yet to measure Intra-Asia trade will have on their sourcing strategies, one prominent ocean liner executive maintains that it will be significant

The value of world merchandise trade rose around 25 percent in the first six months of 2010 up strongly from the same period of 2009.

FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, recently announced it has opened offices in Rotterdam, Netherlands, and Hamburg and Frankfurt, Germany.

Capegemini Consulting announced figures from the third edition of its Global Trade Flow Index which indicates a slight uptick in growth.

California's merchandise export trade in May showed an impressive 25.7 percent gain over May of last year, but still fell well shy of export levels recorded two years ago

This proposal, H.R. 4678, requires foreign manufacturers whose products are sold in the U.S. to designate a registered agent for service of process in U.S. courts

As part of its ongoing global expansion, FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, said it has chosen international freight forwarder Fritz Companies Israel as its sole Regional Service Provider (RSP) in Israel. Company officials said this partnership will provide shippers with expanded international ocean and air freight forwarding services.

While this trade agreement remains at a standstill, the prospects of getting a deal done were soundly endorsed by UPS.