President Obama’s legacy now will be defined at least in part by success on trade. It was indeed an achievement to have secured the first presidential “fast track” authority in eight years, paving way for completion of the Trans-Pacific Partnership with 11 nations covering 40 percent of U.S. trade. But without transportation, there can be no trade. Expanding trade agreements without improving the infrastructure needed to handle it defeats the purpose.
Richard Clayton, IHS Maritime chief analyst
China’s slowing economy has led to port development projects being delayed as operating companies start to leverage more powerful IT software and more focused management expertise.
Mark Szakonyi, Executive Editor of JOC.com
Don’t have the time to rehash last year and want to know what’s in store for the next 18 months? You’ve got freight to move, so here are the takeaways from the annual State of Logistics report released on Tuesday by the Council of Supply Chain Management Professionals and JOC.com reporting.
A collection agency asks about the lack of a “Section 7” on a bill of lading, protecting a shipper from charges on a collect shipment, and wants to know if he can collect from the consignee if payment isn’t made by the shipper.
Jordan W. Cowman
There is a way out of the madness inherent in current labor-management relations in the port sector. Social Dialogue is the North Star that will guide the way.
Peter Tirschwell, Chief Content Officer
Meeting in Asia this month with a number of carriers that participate in the project by submitting their berth productivity data to The Journal of Commerce, I’ve never seen a greater sense of urgency to find ways to get ships in and out of port faster. It’s a simple calculus: The quicker a ship leaves port, the slower the speed and less fuel is needed to get to the next port on schedule.
Lawrence J. Gross
Take a close look. That truck with the empty cab where the driver used to sit may become reality much sooner than anyone thought even a year ago.
A local trucking company sometimes engages in interline transport with other carriers. And there are also times when it would arrange pickup from outside the state using another carrier. Does this company need brokerage authority to tender to another carrier any shipment tendered to them?
IHS consultant Diana Illing and Jens Froese from Technische Universität Hamburg
Cleaning up shipping and its emissions is a hot topic, pushing the whole industry and its regulators towards a greener future. Since January, the latest regulations require shipowners to use low-sulphur fuel oils in emission control areas or to retrofit their vessels with scrubbers or use alternative energy sources.
As an aviation and a technology enthusiast, it’s been exciting for me to follow the developments of two technology platforms that are poised to write new chapters in the book of aerial delivery. The first is the hybrid-airship, the focus of my February column whose first commercial application is expected to be the delivery of container-size cargoes to oil/gas, mining, and similar companies that operate in severely austere locations. The second technology is unmanned aerial vehicles, or drones.
Peter Tirschwell, Chief Content Officer
The port operation challenges associated with mega-container ships, which only will grow as dozens of these ships enter service in the next few years, is a key issue pointing to the likelihood that conditions at ports will get worse before they get better.
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has issued a Geographic Targeting Order aimed at Miami, Florida, electronics exporters and common carriers and calling for the reporting of cash or cash-equivalent transactions in excess of $3,000 until at least Oct. 25, 2015.
Susan Kohn Ross
The NFL's recent controversy around the New England Patriots and a separate case involving the legality of laptop searches don't seem to have much relevance to global trade, but they share a key issue: employee privacy vs. corporate and security interests.
Pete Mento, principal of customs and foreign trade at Ryan
Importers are leaving millions of dollars on the table in what might otherwise be legally avoidable duties, simply because they’re unaware of, or unsure of, how to take advantage of a tax reduction program called the First Sale for Export rule.
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