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...]
Exporting & Restricted Party Screening
Did you know that no matter who you are, where you are located, and what you are exporting, the United States government prohibits you from exporting or re-exporting to certain people, companies, organizations, countries and for certain end-uses? In the United States, exporters must make sure they aren’t shipping to anyone on several government lists of restricted parties or … [Read more...]
Determining your Port of Export Code
The Port of Export code is a four-digit code that identifies specific ports where your shipment is leaving the country per the CBP list. This is a required field in the Automated Export System (AES). If you use the wrong code, it can be considered a Fatal Error that can involve penalties & fines. Entering it correctly can reduce shipment delays by the CBP U.S. Customs and … [Read more...]
IATA Addresses Priorities for Air Cargo
The International Air Transportation Association has advised everyone in the Air Cargo supply chain that we need to work together to increase competitiveness. IATA stressed upon safety, security and sustainability for Air Cargo's future success and growth. We will continue to modernize our processes, strategize to secure the supply chain, and enforce regulations to maintain the … [Read more...]
Lambert-St. Louis (STL) International Airport Makes Push For More Air Cargo
Lambert-St. Louis (STL) International Airport Makes Push For More Air Cargo. In a move that looks to strengthen not only the Lambert-St Louis (STL) International Airport but also the freight forwarder community in the Midwest; the state senators in Missouri have come together to support a bill that will give incentives to the freight forwarders in the area. State senators … [Read more...]