Did you know that there are Public Records of all your Imports? Your Company name, the Factory your purchased from, the Quantity and the Commodity are all accessible on public record. These records are compiled by U.S. Customs in the Automated Manifest System (AMS). A person or business can access this data and see your business name, the name of the factory overseas you … [Read more...]
IATA: March Air Freight weakens
The International Air Transport Association (IATA) released data for March Air Cargo. They report a 2.3% decline in Freight Tonne Kilometers (FTKs) in March compared to March 2012. The US air cargo posted a 5.2% drop in demand while Europe posted a 4% drop in demand. “The March decline in air cargo is most likely a temporary stall. The fundamentals for a sustained … [Read more...]
State Exports in 2012
The International Trade Administration (ITA) published the State Reports for Exports in 2012. Below are a few of the highlights for the uppoer midwest States. According to the ITA: Minnesota Exported $20.6 Billion in merchandise shipments in 2012. $6.0 Billion in merchandise Exports to Canada $2,0 Billion in merchandise Exports to China $ 1.3 Billion in … [Read more...]
Incoterms 2010 Overview
INCOTERMS 2010 IncoTerms can be confusing for many, I know I had a difficult time understanding them when I got into the industry. I am going to try to explain them in a way that helped me understand them, hopefully it will be helpful for you. Do not take this in lieu of legal advice, this is just my best attempt at explaining these terms. What and … [Read more...]
World’s Largest Ship, Maersk orders 10 Triple-E’s
The Triple-E is the world's largest ship. It is called the Triple-E because of it's 3 purposes: Economy of Scale, Energy Efficiency, and Environmentally improved. Maersk ordered an additional 10 of the Triple-E vessels to be built, the first 2 are under construction in DSME shipyard in Okpo, Korea. 5 of these vessels will be built by 2nd Half of 2013. Some industry … [Read more...]