World Trade articles from September 2007

World Trade archives from September 2007

Quote of the month.
September 1, 2007... We're interested in hearing about our readers' experiences in China. Let us know--stop by our online Community Forum today. Lara Sowinski, Managing Editor

The infrastructure (again!).(INSIDE WORLD TRADE)
September 1, 2007... Writing about the transportation infrastructure without sounding like a tiresome Washington pessimistic policy-wonk is tough. For the second-half of the 20th century, U.S. transportation was the envy of the world; much of our global...

Is U.S. business hampered by foreign corrupt practices Ban?(POLICY PERSPECTIVES)
September 1, 2007... Thirty years after its enactment, the Foreign Corrupt Practices Act ("FCPA") has proven to be neither the crippling impediment to trade that its critics feared nor the harbinger of global reform that its proponents hoped. American companies...

Kansas City unveils plans for 800-acre development.(AIR)(Brief article)
September 1, 2007... The Kansas City Aviation Department and Trammell Crow Company have released plans for an 800-acre multi-use development at the Kansas City International Airport. Phase I of the master plan will offer nearly 2.7 million square feet of...

Jade Cargo touches down at DFW.(AIR)
September 1, 2007... Jade Cargo is the latest cargo carrier to add flights to Dallas-Fort Worth airport, thanks to the recent U.S.-China aviation pact. The carrier is also looking to expand into Chicago (via Anchorage). In the past two years, DFW has added...

Indiana seeks intermodal rail expansion.(RAIL)
September 1, 2007... The state of Indiana already has four intermodal rail hubs--Indianapolis, Fort Wayne, Evansville, and Remington--and U.S. Senator Dick Lugar is hoping Connersville may be next in line. The senator has secured $500,000 for a feasibility...

Truckers face higher tolls in Pennsylvania.(TRUCK)
September 1, 2007... A law signed on July 18 will make it more expensive for truckers operating in the state of Pennsylvania. Specifically, the new law will add tolls to Interstate 80 and increase tolls on the turnpike. Turnpike tolls will increase 25 percent...

Port of Savannah Embarks on Major Expansion.(OCEAN)
September 1, 2007... The Port of Savannah is expanding to keep up with increased demand, having already surpassed Charleston and Virginia to become the second-largest port on the East Coast. Robert Morris, Georgia Ports Authority's director of external...

Ex-Im Bank extends financing for green exports.(TRADE FINANCE)
September 1, 2007... The Export-Import Bank of the United States (Ex-Im Bank) has extended its offer of 15-year repayment terms on loan guarantees for U.S. exports of renewable energy and water projects (most terms are one to five years). "Ex-Im Bank's support...

Philippines and others could rival India.(IT OUTSOURCING OPPORTUNITIES STRONG IN ASIA)(Association of Southeast Asian Nations)
September 1, 2007... A study by research firm XMG Inc. states that if Philippines and neighboring countries like Malaysia, Singapore, and Thailand would promote themselves as a single market for IT outsourcing, they could easily rival India. "The ASEAN member...

Air hub in Shanghai expands network.(UPS BREAKS GROUND IN CHINA)(United Parcel Service of America Inc.)(Brief article)
September 1, 2007... UPS has begun construction on a new air hub in Shanghai to will boast a capacity of 17,000 pieces per hour. "The opening of this hub will ensure we are well-positioned to support the explosive growth in Asia's regional trade," noted UPS...

Pact will take effect early 2008.(JAPAN, INDONESIA FTA)
September 1, 2007... After two years of negotiations, government officials from Japan and Indonesia have signed a free trade agreement that will eliminate tariffs on about 92 percent of bilateral trade. Indonesia becomes the sixth member of the 10-member...

New container terminal planned for Chennai.(INDIA PORT EXPANSION)
September 1, 2007... The Port of Chennai in southern India is planning to build the country's first deep-water container terminal, which would be able to handle 13,000- to 15,000-TEU vessels. The $760 million terminal would be built over the next five years...

UN report shows region on track for growth.(LATAM, CARIBBEAN ECONOMIES)(United Nations. Economic Commission for Latin America and the Caribbean)(Brief article)
September 1, 2007... The United Nations Economic Commission for Latin America and the Caribbean estimates that regional economies will grow 5 percent on average in 2007, followed by 4.6 percent growth in 2008. If next year's forecast is realized, it would mark...

Sarna new CFO for SEKO.(Names & News)
September 1, 2007... SEKO, a global provider of supply chain solutions, announced the appointment of Dan Sarna as Chief Financial Officer. Based out of SEKO's corporate headquarters in Itasca, IL, he will be responsible for all financial, accounting and treasury...

Agistix taps Curry as COO.(Names & News)
September 1, 2007... Roger Curry has joined Agistix, a leading provider of on-demand Logistics Management Automation (LMA) solutions, as Chief Operating Officer. In his new role, Curry will identify and develop expanded market opportunities, including expanding...

UPS Freight promotes Holmes.(Names & News)
September 1, 2007... Jack Holmes has been promoted to president of UPS Freight, succeeding Gordon Mackenzie, who is retiring. Previously, Holmes headed the UPS transition team after the company acquired the former Overnite Transportation Co. in 2005. For the...

Kwon moves to Port of Oakland.(Names & News)
September 1, 2007... James Kwon, a container terminal operator at the Port of Long Beach, has been appointed director of maritime at the Port of Oakland. He succeeds Wilson Lacy, who has accepted the position of director of maritime commerce at the Port of...

Weber Distribution hires Smith.(Names & News)
September 1, 2007... Weber Distribution has announced that it has hired Craig Smith as Chief Financial Officer. Previously, Smith worked as Executive VP and CFO for Wyle Laboratories, a provider of specialized engineering, scientific, and technical services to...

Pattullo to head CEVA Group.(Names & News)
September 1, 2007... John Patullo has been chosen as CEO of CEVA Group, which recently acquired EGL Eagle Global Logistics. He replaces Dave Kulik, who will become vice chairman of the board at CEVA Group.

Less reliance on Baltic States.(RUSSIA TO BOOST PORT CAPACITY)(Brief article)
September 1, 2007... Russia's transport minister said recently that the country might discontinue shipping exports through the Baltic states over coming years as it upgrades its own ports. Specifically, the official said the Moscow aims to boost the capacity of...

China soon to become world's largest exporter.(GERMANY'S WEAKENING EXPORT PROWESS)(Survey)(Brief article)
September 1, 2007... According to a survey published by the DIHK German federation of chambers of commerce, China will overtake Germany as the world's leading export nation next year, even as both countries pass the one-trillion-euro (US$1.4 trillion) mark in...

Record volumes in July.(FRANKFURT'S AIR CARGO GAINS)
September 1, 2007... Europe's biggest air cargo hub reported record freight volume in July as traffic surged on routes to and from the U.S. Statistics from Frankfurt airport showed traffic grew 0.6 percent from July 2006 to a record monthly total of 174,345...

Mark your calendar.(Brief article)(Calendar)
September 1, 2007... RailTrends 2007 New York City, New York October 3-4 www.railtrends.com 2007 Outlook Summit: Extending the Value Chain Tysons Corner, Virginia October 9 www.exostar.com/summit 3rd Annual Midwest RFID Symposium Lawrence,...

Traders now enjoy multiple options in financing foreign transactions.(TRADE FINANCE 2007: AN ABUNDANCE OF RESOURCES)
September 1, 2007... World traders are enjoying a time of plenty these days when it comes to finding resources to finance their transactions. Choices are out there in abundance. In supply chain finance, now an integral part of global sourcing and logistics,...

The new trade finance supply chain links money, technology, and more middle-market players: a 'pyramid of capabilities' is driving end-to-end savings.(TRADE FINANCE 2007: AN ABUNDANCE OF RESOURCES)
September 1, 2007... [ILLUSTRATION OMITTED] The tempo of innovation in global supply chain finance these days runs so fast that no sooner are the latest strategies digested than another set is waiting to be explored. The central ambition of automated...

American exporters discover forfaiting: old technique, new opportunities: reaping benefits as institutional funds get involved.(TRADE FINANCE 2007: AN ABUNDANCE OF RESOURCES)
September 1, 2007... [ILLUSTRATION OMITTED] When the international forfait market reached the U.S. in the early 1990s, the term sounded strange (after all it's French), and the financial technique was unfamiliar (though a few discovered they had, in fact, used...

The world trade magazine fabulous: 50 + one.
September 1, 2007... Here it is, our annual eclectic list of the companies, people and places who are pushing the global trading community forward. The ways are various, the results innovative. This year's winners, selected by our editors and contributors, all...

Driving further into China: trucking interests are expanding their footprint in China to capture the first mile of transportation for U.S.-bound exports.(Company overview)
September 1, 2007... [ILLUSTRATION OMITTED] In recent months, a number of major U.S. transportation and logistics companies have launched new services in China as a way to move up the supply chain and take control of freight at the manufacturing facility,...

Pacific Northwest ports: the region is working hard to attract inbound boxes, but the big numbers haven't materialized--yet.(WHAT BUSINESS LEADERS NEED TO KNOW ABOUT)
September 1, 2007... Several years ago when dockworkers hit Los Angeles-Long Beach with a major work stoppage during peak shipping season, more than one importer vowed to not have their freight compromised again. Many drew up contingency plans, including diverting...

Making effective use of 3PLs: Timex exploits regional strengths.(How We Do It)(Interview)
September 1, 2007... Michael DeVault is Vice President of Global Distribution & Logistics for Timex Corporation. In this position, he is responsible for the design, execution and operations related to demand planning, supply planning, inventory planning and...

The death of tariffs. Or not.(Great Moments: IN WORLD TRADE)
September 1, 2007... December 16, 1773, American colonists made up as Mohawk Indians dumped 90,000 pounds of tea in Boston Harbor. Their complaint? Parliament had let the British East India Company sell its tea duty-free, while native importers still bore a...