Subscribe to our free, weekly email newsletter!



AAPA attacks future risk concerns

By Patrick Burnson, Executive Editor
April 13, 2011

While U.S. federal government lawmakers continue to focus on the nation’s budgetary woes, The American Association of Port Authorities is convening a special meeting in San Francisco to examine financial challenges of its own.

Today through Friday, the AAPA will discuss the latest trends and management strategies for port administrators, finance officers, attorneys, and real estate and risk managers.

“Western Hemisphere seaports, which collectively handle some 7.8 billion tons of cargo a year worth about $8.6 trillion, serve as crucial trade gateways and economic engines for the regions and nations they serve, while constantly working to minimize risk in everything from public financing, construction projects and leases, to employee relations,” said Jean Godwin, AAPA’s executive vice president and general counsel.  “The association’s Law Review and Risk Management & Safety committees have developed an outstanding program of industry experts and interactive panel discussions that will cover an array of timely legal as well as finance, human resources and administrative issues facing ports today.”


The association’s 2½-day program will address current developments in port contracts and leasing; lease security and certificates of insurance; the Shipping Act and Federal Maritime Commission regulation; port insurance and risk management strategies; a wide range of employment issues; legal ethics, public records, recordkeeping, and electronically-stored information; and minimizing/avoiding liability in port construction projects.

It will also include an in-depth discussion of public financing and the issuance of bonds.

LM has been invited to attend the event, we look forward to sharing our observations.

For related stories and blog posts click here.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The report, entitled “Outlook for the Domestic Transport and Logistics Market in 2H14 and Beyond,” takes the view that strong freight levels in the second quarter have left trucking companies in a good position: one in which they need to come up with new plans to handle rising demand. But even with that positive momentum afloat, the report observes that there are some familiar challenges intact, such as a lack of qualified drivers and the regulatory drag from the new hours-of-service rules that took effect in July 2013.

Flags of Convenience are a fact of life in the commercial maritime trade, but several European political action groups are worried that they will pose a threat to the Continent’s air cargo industry.

For May, which is the most recent month for which data is available, the SCI is -7.5, following April’s -7.5. FTR said this reading represents a still-tight capacity environment, as utilization rates hover between 98 percent and 99 percent.

With a 1.1 cent drop to $3.858 per gallon, this follows declines of 2.5 cents, 1.9 cents, and 0.7 cents over the previous three weeks, with the cumulative four-week decline at 6.2 cents.

Second quarter revenue for transportation and logistics titan UPS headed up 5.6 percent annually at $14.3 billion, while operating profit sank 57.1 percent to $747 million. Quarterly net income fell 57.6 percent to $454 million.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA