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Logistics in the News State of Logistics 2016: Pursue mutual benefit Global Logistics 2017: Customs & Regulations Update: Micro-deals may prevail in world order UPS acquires Freightex in move geared to expand European over-the-road freight brokerage presence United States rail carload and intermodal volumes see annual declines in 2016, reports AAR Maersk, Alibaba roll out ocean cargo booking partnership More Logistics News Digital Evolution: Streamlining Logistics and Supply Chain Operations Virtual Conference | Dec 8, 2016 | 1pm ET Keynote Address: The Digital Re-imagination of Supply Chains All Resources With the Trans-Pacific Partnership (TPP) now a distant memory, and prospects of the Transatlantic Trade and Investment Partnership (T-TIP) fading fast, shippers face new challenges when considering doing business in Asia and what remains of the EU. Still, free trade agreements (FTAs) have proven to be one of the best ways to open up foreign markets to U.S. importers and exporters, as they continue to reduce barriers to entry, protect U.S. interests and enhance the rule of law in the FTA partner country. According to the Office of the United States Trade Representative (USTR), the reduction of trade barriers and the creation of a more stable and transparent trading and investment environment make it easier and cheaper for U.S. companies to import and export their products and services to trading partner markets. According to USTR analyst Lamont DeChance, 47% of U.S. goods went to FTA partner countries last year, while U.S. merchandise exports to the 20 FTA partners with agreements in force totaled $710 billion. “The United States also enjoyed a trade surplus in manufactured goods with our FTA partners totaling $12 billion in 2016,” he says. However, with some policy analysts suggesting that the U.S. may be entering a new “cold war” with former trading partners, it might be […]