World Trade - November 2008 - (Page 12)

TRADEWINDS THE LATEST TRENDS IN THE WORLD OF TRADE Global Trade Management Market to Hit $814 Million in 2012 CROWLEY MARITIME ENDORSES IES Driven by ever changing trade regulations and globalization, the worldwide market for Global Trade Management (GTM) applications is expected to grow at a compounded annual growth rate (CAGR) of 10.1 percent over the next ﬁve years. The market was $503 million in 2007 and is forecasted to be $814 million in 2012, according to a new ARC Advisory Group study. Recently, IES Ltd., a leading software provider in logistics, supply chain solutions and customs brokerage technology, has announced its endorsement by Crowley Maritime Corporation, employer of 4,100 and operator of a ﬂeet of more than 210 vessels. Jacksonville-based Crowley Maritime Corporation, is a privately-held family and employee-owned company that provides diversiﬁed transportation and logistics services in domestic and international markets by means of six operating lines of business: Puerto Rico/Caribbean Liner Services, Latin America Liner Services, Logistics Services, Petroleum Services, Marine Services and Technical Services. Kenneth Black, Business Process Management, of the Crowley Logistics business operating unit of Crowley Maritime Corporation explained, “IES was selected after an extensive sixmonth review of various products. It was chosen for its value in meeting Crowley Logistics’ requirements for a single-source, process-driven freight forwarding product that could meet the many operational needs of our ofﬁces in the United States and Central America.” As a third-party logistics provider (3PL), Crowley Logistics, Inc. offers supply chain management and transportation management services including: freight forwarding, ocean, inland, and air transportation, customs house brokerage, cargo insurance, warehousing and distribution. “Previously, Crowley Logistics used various manual and disparate systems that limited our reporting capabilities, increased the potential for revenue gaps and prevented us from working in an efﬁcient manner by often having to duplicate data entry and communications that ultimately did not allow us to focus on customer service. Implementing IES has allowed Crowley Logistics to deﬁne standardized processes for our services, improve billing cycles and provide management reporting for P&L analysis of our different business units. IES has also given Crowley Logistics the tools to provide our current and potential customers solutions for their shipping needs.” Transportation Services Index (TSI) Halifax Airport Announces Project to Build Air Cargo Facility PROJECT WILL ‘OPEN DOOR’ TO ATLANTIC REGION The Halifax International Airport Authority has announced a $12 million project with Gateway Facilities Inc., to build an air cargo facility. Tom Ruth, president and CEO of the airport authority, said the project “opens the door” for economic growth in the Atlantic region’s air cargo industry. The airport authority also said that the Canadian government recently granted approval for the Halifax airport to participate in the international air cargo transshipment program, which allows air cargo to be moved through Canada for shipment to third countries. January February 111.5 111.5 November March October 110.2 December 109.4 September 109.5 108.8 108.1 May 111.4 April 109.4 June 111.5 July 112.9 August 110.8 SEPTEMBER 2007 – AUGUST 2008 The Freight Transportation Services Index (TSI) fell 1.9 percent in August to a level of 110.8 (2000=100), declining after four consecutive monthly increases, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) ofﬁce. TSI is a single seasonally adjusted index of the month-to-month changes in the output of services provided by the for-hire transportation industries, including railroad, air, truck, inland waterways, pipeline, and local transit. 12 WORLD TRADE NOVEMBER 2008

Table of Contents Feed for the Digital Edition of World Trade - November 2008

World Trade - November 2008 Contents Unexpected Responses to Unanticipated Change Reading the States of Risk in Today’s Global Economy Supply Chain Watch Tradewinds Failed Promise: Mexico and NAFTA, 15 Years Later The Short Tale Marrying Trade Finance and Transportation into a Single Transaction Trucking Gets a Double Whammy Are We Safe Yet? Logistics Resurrects the Rust Belt Keep on Compressing

World Trade - November 2008

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