Air France-KLM names new CEO, while UPS appoints corporate controller and investor relations officer.
Port Authority of NY/NJ seeks SEC bond probe accord
The Port Authority of New York and New Jersey is seeking to resolve an investigation by the U.S. Securities and Exchange Commission into the agency’s bond statements on the financing of tunnel, bridge and road projects.
China/Coast Guard Issue Guidance on New SOLAS Container Weight Rule
On April 28, the U.S. Coast Guard issued its long-awaited guidance on the new SOLAS Verified Gross Mass (VGM) container weight rule, which will go into effect on July 1, 2016. In its guidance, the Coast Guard essentially said it had no role in establis…
EU Trade Chief: TTIP leak shows no new European information
“All of our proposals are public; they have already been published,” Ignacio Garcia Bercero, the European Union’s chief negotiator in talks with the U.S. on the Trans-Atlantic Trade and Investment Partnership told reporters in Brussels on Monday.
MSC megaship runs aground in Suez Canal
The 12,500-TEU containership MSC Fabiola was successfully refloated early Saturday morning, allowing vessel traffic in the important cargo gateway to resume as normal, according to a customer advisory from shipping agency GAC.
House Approves FASA/Gemini-Supported MTB Reform Legislation, Senate Vote Expected Shortly
On April 27, the U.S. House of Representatives approved FASA/Gemini-supported legislation to create a process for considering bills that would temporarily reduce or eliminate duties (up to $500,000) on products that are no longer made in the U.S. The l…
Report: Counterfeiting Now Half Trillion Dollar Global Industry
Last month, the Organization of Economic Cooperation and Development (OECD) and the European Union’s Intellectual Property Office released an updated report showing that imports of counterfeit and pirated goods globally hit $461 billion in 2013. This represents more than 2.5 percent of total global imports, an increase from a 2008…
U.S. durable goods orders tick up in March
New orders for manufactured durable goods grew 0.8 percent to $230.7 billion in March 2016 following a revised 3.1 percent monthly decrease in February, according to data from the United States Census Bureau.
CPSC Announces Voluntary Recall of Women’s Scarves Due to Violation of Flammability Standard
On April 21, the U.S. Consumer Product Safety Commission (CPSC) announced the voluntary recall of SouvNear women’s silk scarves. The recalled product was manufactured in India, imported by SouvNear Inc., and was sold at Averroes International stores and online at amazon.com and souvnear.com from October 2014 through March 2016. The…
SPARX opens new office in Vietnam
The international transportation and logistics company opened a new office in Ho Chi Minh City, Vietnam.