U.S. trade agreements on fast track

According to Dan Gardner, Chief Executive Officer, RF International & Ocean World Lines Inc., such a move is long overdue.
image
By Patrick Burnson, Executive Editor
October 03, 2011 - LM Editorial

Reports that President Barack Obama may send free trade agreements with South Korea, Colombia and Panama to Congress for consideration this week will be fully embraced by the logistics community.

According to Dan Gardner, Chief Executive Officer, RF International & Ocean World Lines Inc., such a move is long overdue.

“The weak dollar has been a tremendous advantage for U.S. exporters,” said Gardner in an interview. “And it demonstrates just how much the world wants Amercian products when they become affordable. Having new markets open up for them now could not be better timed.”

The time is good for RF International & Ocean World Lines as well, as it prepares to stage its 2012 Global Trade Symposium in Miami next January.

Through a variety of presentations and panel discussions a distinguished group of senior logistics professionals, carrier executives, government officials, journalists and academics will provide insights into early market indicators for U.S. ocean trade in 2012.

“With an emphasis on shared learning experiences, the dissemination of best-practices and networking, this invitation-only event offers a unique opportunity to gain a comprehensive perspective on the trade patterns that are likely to unfold in the coming year,” said Gardner.

Meanwhile, however, the main focus is on getting new trade agreements inked, he added.

“The layers of compliance complexity will be intense, said Gardner, but the work we are doing to make this happen is well worth it. We see a lot of market opportunities it this hemisphere with Panama and Columbia as real game changers. Our nation’s relationship with Korea has always been strong, of course.”



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.

Article Topics

News · Global Logistics · Global · Trade · All topics

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers 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. Contact Patrick Burnson

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