Product
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OpenText implementing Amber Road export on-demand solution for export compliance
EAST RUTHERFORD, N.J.– Amber Road announced today that OpenText, Canada’s largest software company, is using Amber Road’s Export On-Demand solution. Prior to integrating Export On-Demand, Waterloo, Ontario, Canada-based OpenText relied on a cumbersome, manual export screening process. Now integrated with a…
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West Coast port congestion could cost retailers $36.9 billion over 24 months: analyst
NEW YORK, N.Y.–West Coast port congestion issues could cost retailers as much as $7 billion this year, according to a Kurt Salmon analysis. Work stoppage threats and major trade associations’ calls for federal intervention have retailers and consumer products companies on high…
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Global trade: International freight transport to quadruple by 2050
PARIS, Fra.–The ITF Transport Outlook 2015 was released at a media briefing in Paris today. It presents long-term projections for future demand of passenger as well as freight transport and this year focuses on two key messages: shifting trade patterns are…
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EDC insurance product allows small Canadian companies to insure their foreign sales
OTTAWA, Ont.–Export Development Canada (EDC) has introduced a new online version of its credit insurance product that will allow Canadian companies to insure their sales to US or foreign buyers in minutes. Credit insurance allows small businesses to insure their sales…
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CN’s Mongeau says investments into US Midwest are keeping “fluid network”
CHICAGO, Ill.– Claude Mongeau, president and chief executive officer of CN said today the company’s substantial investments in its U.S. Midwest operations, particularly the former Elgin, Joliet and Eastern Railway (EJ&E), are keeping its network fluid, helping the railroad accommodate increased demand…
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Ryder appoints Steve Sensing president, Global Supply Chain Solutions
MIAMI, Fla.– Ryder has announced the appointment of Steve Sensing as President of Global Supply Chain Solutions (SCS). Sensing’s appointment will take effect on March 31, 2015 concurrent with the retirement of Ryder’s Global Supply Chain Solutions President John Williford, which was announced…
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FedEx to acquire GENCO, reverse logistics specialist
MEMPHIS, Tenn.– FedEx Corp. announced today that the company signed an agreement to acquire GENCO, one of the largest third-party logistics providers in North America. GENCO’s expertise will expand existing FedEx service offerings in the evolving retail and e-commerce markets,…
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TSB releases report into 2013 CP train derailment near White River, Ont.
TORONTO, Ont.– In its investigation report (R13T0060) released today, the Transportation Safety Board of Canada (TSB) determined that a rail fracture caused by the impact of a broken wheel led to the derailment of a Canadian Pacific (CP) freight train near White River,…
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RBC Compass releases 2015 North American Railroad Shipper Survey
TORONTO, Ont.– RBC Dominion Securities Inc. has released its RBC Compass, 2015 North American Railroad Shipper Survey. The survey taps into the views of the Class 1 railroads’ top customers, with key findings focusing on shippers’ expectations for 2015 regarding:…
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Lufthansa Cargo celebrates 20th anniversary
FRANKFURT, Ger.–Europe’s leading cargo airline is turning 20. On November 30, two decades ago Deutsche Lufthansa AG pooled its cargo activities in a separate company. This was the birth of Lufthansa Cargo. Airfreight had always been an important business for Lufthansa…