World Trade articles from February 2002

World Trade archives from February 2002

Why we work. (Inside World Trade).(Brief Article)(Editorial)
February 1, 2002... It may seem curious to some that we should feature a salary survey when the world's major economies are in such dire straits. Germany, Japan and the U.S. are among the global giants now reeling from recession, and scores of other nations are...

Mapping the recovery. (Washington Window).(Glenn Hubbard forecasts U.S. economic recovery)(Brief Article)
February 1, 2002... Washington: The consensus since the holidays is that we have a good chance to rebound from the recession that began last March sometime in the year to come. Several questions remain for the new year. When does the recovery start? How robust...

Euro: Good news for U.S. exporters? (Tradewinds - The Americas).(Brief Article)
February 1, 2002... Possibly, if you give any weight to preliminary findings released by the Commerce Department's U.S. Commercial Service. According to the Service, the transition to a single European currency should prove few, if any, problems for U.S. exporters...

One small step in U.S.-Cuba trade. (Tradewinds - The Americas).(Crowley Maritime Corp. delivers commercial cargo to Havana)(Brief Article)
February 1, 2002... Crowley Maritime Corp., of Jacksonville, Fla., marked a milestone in international trade in December by making the first commercial cargo delivery directly from the United States to Havana in nearly 40 years. The shipment, consisting of 500...

Kudos to CSI. (Tradewinds - The Americas).(CSI Intergrated L.L.C.)(Brief Article)
February 1, 2002... CS Integrated LLC, of Liberty Corner, N.J., put another feather in its corporate cap in as it earned a coveted "Golden Penguin" award in the Allied Support Category at the National Frozen & Refrigerated Foods Association Convention in San...

Maryland Port Administration posts pair of deputies.(Gene Bailey, M. Kathleen Broadwater)(Brief Article)
February 1, 2002... The Maryland Port Administration of Baltimore has announced the posting of a pair of new deputy executive directors in the form of Gene Bailey and M. Kathleen Broadwater. "In making this decision, I have drawn once again on the depth and...

Lloyd's underwriting capacity heads up. (Tradewinds - Europe).(Brief Article)
February 1, 2002... Lloyd's of London, the famed insurance market, says its 2002 underwriting capacity will jump nearly 12 percent to $17.2 billion as it spools up to capitalize on soaring insurance rates. "Our capital providers are voting with their...

ING to cut 1,600 U.S. jobs. (Tradewinds - Europe).(Internationale Nederlanden Groep N.V.)(Brief Article)
February 1, 2002... ING Group, the Dutch financial services company, has announced plans to eliminate some 1,600 jobs in its U.S. insurance business. Meanwhile, the company warns that it may need to make additional job cuts in its European business. The cuts in...

Equity fund aims to make Thai companies attractive. (Tradewinds - Asia/Pacific).(Brief Article)(Statistical Data Included)
February 1, 2002... The government of Thailand has announced that it has set up a $500 million equity fund designed to attract investment in Thai companies. The fund was established with the assistance of U.S.-based Cerberus Capital management. Last year the...

World Bank says China needs to boost productivity.(Brief Article)
February 1, 2002... Boosting productivity and lowering barriers to the service sector in order to spur job growth should be two prime areas of focus for China, according to a recent report issued by the World Bank. The report says China needs to create upwards...

Clean and simple: Logistics gets back to basics.
February 1, 2002... Vision is out. Blocking and tackling are in. The effusive promises of the 2000 Dot-Com revolution failed to materialize into something more solid in 2001 just as the economy went south. In 2002, the mission is to do more with what's already on...

What the market will bear: Results of the 2nd Annual World Trade Magazine Salary Survey.(Statistical Data Included)
February 1, 2002... Few other publishing events are as widely anticipated as the one that answers the question: "How am doing?" According to the results of the 2nd Annual WORLD TRADE MAGAZINE Salary Survey, senior executives and managers in our industries are...

A new face for an old industry: Consolidation continues to reshape freight forwarding.(Interview)(Directory)
February 1, 2002... There was a time when freight forwarding and customs brokerage were stand-alone industries. In the brokerage world, for instance, clearing shipments through U.S. Customs not only required a great amount of knowledge and skill, but it was very...

The time is right: Changes in the 'logistics middleman' arena reflect a role of growing importance. (Transportation Cargo & Shipping).(Brief Article)
February 1, 2002... To ocean carriers, air carriers, and a number of other parties in the international supply chain, the companies who provide logistics and supply chain services to shippers and consignees but don't own hard assets have been considered...

Port security tightens: 50 key facilities initial targets of the Port and Maritime Security Act of 2001. (Transportation Cargo & Shipping).
February 1, 2002... With only one to two percent of the containers entering U.S. ports being inspected, port security leaks like a sieve. That will change, however, as the Port and Maritime Security Act of 2001 is put into place this year. "The bill provides...

Delivering the goods: The nation's ground-based Carriers Cope in spite of 'Nine-Eleven.' (Trans Tech).(Brief Article)
February 1, 2002... "Deliveries that usually took about 45 minutes can now run to as much as two and a half hours; offloading of single items that formerly took 10 minutes on average can now run to 45 minutes because the customers' security people require our...

The Human Touch: Biometrics being promoted to ensure Air Cargo Security. (Trans Tech).
February 1, 2002... National findings are just about to be released on the so-called O'Hare Air Cargo Security Access System, which aims to greatly improve security along a cargo delivery route through the use of smart-card technology and biometrics--the use of...

Opportunities in Central America: Experts predict the recession may actually provide a boost to the region. (Global Sourcing).
February 1, 2002... During the early 1990s, the Central American and Caribbean states, along with Mexico, suffered through an economic slowdown that became known as the "Tequila Crisis." Now, as the global recession threatens to devastate Central America, the...

Changing of the guard: Japan's new taxation of reorganizations. (Banking Finance & Trade Services).(Brief Article)
February 1, 2002... The 2001 Japanese tax reform package is said to be that country's biggest tax reform legislation in the past century. The most important aspect of the reform are the rules on "Kaisha Bunkatsu" (company splits). This reform is supposed to follow...

Ubersetzung, Traduzione, or Traduccion: No matter how you say it, Translation and GIL are more important than ever. (Banking, Finance & Trade Services).(companies providing translation services and software)(Illustration)
February 1, 2002... Most of us have heard of embarrassing marketing snafus made by companies who have ventured into foreign markets with American products. Chevy's popular model, the Nova, was understood as "it does not go" to some Spanish-speaking consumers,...

U.S. shippers look to the Netherlands: Rotterdam drives the deal. (US & International Economic Development).(Brief Article)(Statistical Data Included)
February 1, 2002... Many U.S. manufacturers seeking sourcing strategies on the Continent will benefit by attending the eyefortransport Europe 2002 exhibition in Amsterdam early next month. As usual, the agenda looks compelling, and networking opportunities at past...