Because implementing a Foreign Trade Zone (FTZ) is an investment that requires a cross-functional approach, IT systems integration, and the development of a clear roadmap, companies seeking to implement an FTZ should consider a “turnkey” solution.
McAleenan steps closer to full CBP commissioner role
The Senate Finance Committee on Thursday afternoon unanimously approved Kevin McAleenan’s confirmation to serve as commissioner of U.S. Customs and Border Protection, and moves to full Senate for final approval.
CBP worries about impact of Canada pot rule
While some U.S. states have relaxed their marijuana laws, the drug remains a prohibited substance under federal law and proposed legalization in Canada could make things much more complicated for U.S. Customs and Border Protection (CBP).
Maritime History Notes: Open-top containerships
The advent of the containership revolutionized world trade; since the 1990s, open-top containerships have safely operated on trade routes around the globe.
Drewry: World Container Index down 19% from last year
The average composite of the World Container Index (WCI) so far this year stands at $1,473 USD per 40 ft. container (FEU), $124 lower than the five-year average of $1,597 per FEU, according to London-based Drewry Shipping Consultants.
GlobalTranz acquires Apex Logistics Group
Apex Logistics Group, an enterprise shipping and logistics company based in American Fork, Utah, is freight management solutions provider GlobalTranz Enterprises, Inc.’s fourth acquisition so far in 2017.
U.S., Egypt aim to strengthen trade ties
Officials from the U.S. and Egyptian governments this week agreed to address outstanding trade issues between the two countries, including market access, standards, labor, and intellectual property protection.
Crowley Maritime to restructure business units
The Jacksonville-based ocean carrier announced on Wednesday that it will restructure its business units into three main service lines.
New DHS office to counter deadly weapons proliferation
Newly appointed Homeland Security Secretary Kirstjen Nielsen announced the formation of new office within the Department of Homeland Security that will focus on keeping weapons of mass destruction and their components out of the hand of terrorists.
Port Canaveral drops cargo rail proposal
Port Canaveral commissioners voted 5-0 not to move forward with a proposal that would have connected the port to the mainland via rail, saying other projects like bulkheads were more feasible.