Trade Management M&A News


OFAC Enforcement Action against U.S. Aviation Company Shows the Importance of Ongoing Monitoring over the Course of a Contractual Relationship

OFAC Enforcement Action against U.S. Aviation Company Shows the Importance of Ongoing Monitoring over the Course of a Contractual Relationship

Dec 9 2019 / Lexology Sanctions Contractual Provisions Were Insufficient to Avoid OFAC Liability On November 7, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a $210,600 settlement agreement with Florida-based Apollo Aviation Group, LLC (“Apollo Aviation”) to resolve 12 apparent violations of OFAC’s Sudan Sanctions Regulations (“SSR”).[1] OFAC determined that Apollo Aviation had leased three aircraft engines to a UAE company that...

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SPONSORED CONTENT: Digital Disruption – exploring the Collaboration Conundrum

SPONSORED CONTENT: Digital Disruption – exploring the Collaboration Conundrum

By Richard Clayton, Chief Correspondent Dec 6 2019 / Lloyd’s loading List Logistics businesses have come late to the digital era. The sector is plagued with legacy systems and processes politely described by external observers as “out-dated”. Senior management is split between those who understand the tremendous potential of analysing customer data and those who are waiting until a solution becomes unavoidable. The way forward is through collaboration but...

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Resilience360 Research Reveals 66% of Global Manufacturing Customers Have Been Impacted by the U.S.-China Trade War

Resilience360 Research Reveals 66% of Global Manufacturing Customers Have Been Impacted by the U.S.-China Trade War

By Will Haraway Dec 3 2019 / Resilience360 TROISDORF, Germany, Dec. 03, 2019 (GLOBE NEWSWIRE) — Resilience360 has released the results of a customer survey launched to assess the impact of the U.S.-China trade war for companies with global manufacturing networks. Among other findings, the results revealed that two-thirds (66%) of the nearly 300 customer respondents have been impacted by the business disruptions and significant operational challenges presented to...

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CMA CGM takes stake in delivery firm

CMA CGM takes stake in delivery firm

By James Baker Oct 30 2019 / Lloyd’s Loading List After taking control of CEVA Logistics, CMA CGM is going further down the supply chain with a collaboration with an online delivery service. CMA CGM, the French container transportation and shipping company, is extending its vertical integration of the logistics supply chain with Wing, an online platform that links couriers to online retailers. CMA CGM has taken an unspecified...

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The Connection Between Trade Compliance and Logistics

By Reinhard Poelzl Oct 24 2019 / Logistics Viewpoint Historically, governments have focused on the exporter of record when looking for sanction or embargo violations, including of the movement of sensitive dual-use products and technologies across borders. However, all parties to an export transaction, including freight forwarders and carriers, are subject to the same rules, and as such must be aware of what is required of them in the...

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Silver lining in the cloud

By Bernadette D. Nicholas Sep 29 2019 / BusinessMirror Like it or not, the Fourth Industrial Revolution is changing the world of work, and the public sector—like the Philippines’s Bureau of Customs—is following the lead of private business in adopting cloud computing for more efficient services. MORE and more people from the public and private sectors are now shifting to cloud technology for its security—ironically the same main reason...

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Amazon buys tech firm INLT to help online merchants with cross-border trade

INLT is one of the first automated broker interface apps approved by the U.S. government By Noi Mahoney Sep 28 2019 / American Shipper Amazon.com recently acquired cloud-based startup INLT, a move designed to simplify importing goods into the United States for Amazon’s online merchants, according to Reuters. INLT, which the company said stands for IN:LET, makes software for merchants to manage the costs of customs clearance on cross-border shipments. Terms...

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Amazon to offer customs brokerage for US import sellers

By JOC Staff Sep 26 2019 / JOC Amazon is continuing to expand and enhance its suite of supply chain services with the purchase of digital US customs broker and trade compliance software provider INLT. Terms of the deal were not disclosed, but the e-commerce behemoth confirmed the acquisition to Reuters on Tuesday following an announcement on Los Angeles-based INLT’s website. “INLT is a smart, nimble team that is...

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Maersk announces upgrades for Customs platform

By in International Shipping News Sep 5 2019 Maersk North America is announcing the next series of technological improvements for Maersk customers with plans to add data feeds from Maersk Supply Chain Management products and services into Vandegrift’s popular VFI Track, a cloudbased information system – which will be rebranded as Maersk Customs Navigator. Maersk North America Managing Director Narin Phol said “Our goal is to make it easier...

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Descartes acquires cloud-based TMS provider

By Canadian Shipper Aug 21 2019 Waterloo, ON — Descartes Systems Group announced that it has acquired BestTransport.com, Inc. (BestTransport), a cloud-based transportation management system (TMS) provider focused on flatbed-intensive manufacturers and distributors. BestTransport has been connecting shippers and carriers to streamline transportation processes for more than 15 years. Shipper and carrier customers leverage BestTransport’s platform to more efficiently manage numerous shipments each year across North America and Europe....

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