IATA: Air Freight Strong Performance Continues The International Air Transport Association (IATA) October data for global air freight markets shows a strong performance of air cargo is continuing. Demand rose 5.4% in October compared to October 2013 while capacity grew by 4.4%. Compared to September demand grew by 0.7% which is a new monthly high. The good results … [Read more...]
REMINDER: C-TPAT New Portal 2.0 Deployment on December 8th
REMINDER: C-TPAT New Portal 2.0 Deployment on December 8th From C-TPAT: C-TPAT Portal 2.0 is scheduled to deploy on December 8, 2014, and is now 3 calendar days from launch. If you have an active C-TPAT partner account, please be advised the new system will be very different from Portal 1.0. A complete user manual and other information for Phase 1 is available … [Read more...]
CBP: Valid vs. Invalid vs. Defective NAFTA Certificate of Origin
CBP: Valid vs. Invalid vs. Defective NAFTA Certificate of Origin This week, the CBP [U. S. Customs and Border Protection] announced in posting CSMS #14-000598 to clarify the terms: Valid NAFTA Certificate of Origin Lists the good in question Covers the period in question Includes the exporter’s or his agent’s signature in block 11a “Authorized Signature” Was … [Read more...]
$35.8M Fine for Japanese Auto Parts Company – Violation of Sherman Act
$35.8M Fine for Japanese Auto Parts Company - Violation of Sherman Act The Department of Justice advised that an automotive parts manufacturer [Aisin] based in Japan has agreed to plead guilty and pay a $35.8 million criminal fine for allocating customers of variable valve timing [VVT] devices sold to automobile manufacturers in the United States and elsewhere. Aisin’s … [Read more...]
IATA: Air Cargo Growth Continues
IATA: Air Cargo Growth Continues Air Cargo volumes rose 5.2% [measured in in FTK's - freight tonne kilometers] for September compared to last year; capacity increased by 3.8%. There is overall growth: for some airlines increases of 5 to 17% for Asia- Pacific, North America, Middle East and Africa but some areas are seeing a decline [European carriers] or flat [Latin … [Read more...]