In International Trade, abbreviated country codes are often used and are sometimes mandatory. They exist in a 2 letter code (ISO 3166-1 alpha-2) and a 3 letter code (ISO 3166-1 alpha-3, used by the United Nations). It is important to use the right codes, as errors can have unintended consequences.…
With the global container volume being reported as growing faster than it has in six years, optimism is high in the industry. According to London based shipping analyst, Drewry, most of the growth is from major east-west trades, where volumes are up 6 percent from this time last year. Asia-Mediterranean…
With the rapid expansion of high-speed railway (HSR) in China, railways gradually speed up and bridge the speed gap between railway and civil aviation, thus, impose a great impact on the logistical competitiveness of civil aviation. High-speed rail service in China was introduced April 18, 2007, and has become immensely…
The impact of Hurricane Harvey on the Houston area continues to be felt. There is still flooding in Texas and Louisiana, and it should continue for the rest of the week. Houston’s two main airports Bush Intercontinental Airport (IAH) and Hobby (HOU) opened at 4 p.m. Wednesday 8/30, but flights…
The National Association of Stock Car Racing (NASCAR), hailed by many fans as not only an interest but a lifestyle as well, can be a nightmare in the world of logistics. To the casual fan, the logistics of bringing a race car to the track is simple: the team loads…
On April 3, 2017, the U.S. Securities and Exchange Commission (SEC) announced it would not recommend enforcement action for companies that disclose, but do not further investigate the usage of conflict minerals which may be from the Democratic Republic of Congo (DRC). According to the National Association of Corporate Directors,…
The Multistate Tax Commission (MTC) is currently offering a limited time voluntary disclosure initiative for online sellers who have sales/use or income/franchise tax liabilities triggered by the utilization of online marketplace providers. Numerous tax experts have voiced their concern that these liabilities are large enough to cause immense financial damage…
Believe it or not, cargo theft is a multi-billion dollar problem every year for shippers and carriers. According to the Federal Bureau of Investigation, that number also continues to grow. Thieves are drawn to the fact that trucks and warehouses can contain very expensive goods, producing high returns for fairly…