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FAST lane program could shorten border lines

An agreement between the United States and Canada to align some of their customs procedures appears to be helping expedite movement at three major border crossings.

The agreement, known as FAST (the joint U.S. and Canadian Free and Secure Trade initiative), is now in effect at the Detroit/Windsor, Ontario; Port Huron, Mich./Sarnia, Ontario; and Buffalo, N.Y./Fort Erie, Ontario, border crossings, according to the U.S. Customs Service. The FAST lane program is expediting trade through these three locations, which are responsible for processing more than 20,000 inbound and outbound commercial trucks per day—representing more than 40 percent of trade between the United States and Canada, according to a news release from the Customs Service. This month,the FAST lane program will be extended farther west along the U.S.-Canada border, to Blaine,Wash./Douglas, British Columbia,and to the east,at Champlain, N.Y./Lacolle, Quebec.


Under the terms of the agreement, which was announced last September, the United States and Canada are harmonizing commercial processes for clearing low-risk shipments. To be eligible for the FAST lane, a shipment must be destined for an importer enrolled in the U.S. Customs-Trade Partnership Against Terrorism (C-TPAT), transported by a carrier enrolled in C-TPAT and driven by a registered driver in possession of a valid FAST-Commercial Driver Card. Importers have to complete separate applications for the customs authorities in each country, and carriers and drivers must complete a single application.

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NRF: Retail sales increased again in September

Retail sales increased again in September as employment grew and inflation and interest rates fell, according to the National Retail Federation (NRF)’s analysisof U.S. Census Bureau data released today.

“While there have been some signs of tightening in consumer spending, September’s numbers show consumers are willing to spend where they see value,” NRF Chief Economist Jack Kleinhenz said in a release. “September sales come amid the recent trend of payroll gains and other positive economic signs. Clearly, consumers continue to carry the economy, and conditions for the retail sector remain favorable as we move into the holiday season.”

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Logistics services continue to “go green”

Logistics services continue to “go green”

The market for environmentally friendly logistics services is expected to grow by nearly 8% between now and 2033, reaching a value of $2.8 billion, according to research from Custom Market Insights (CMI), released earlier this year.

The “green logistics services market” encompasses environmentally sustainable logistics practices aimed at reducing carbon emissions, minimizing waste, and improving energy efficiency throughout the supply chain, according to CMI. The market involves the use of eco-friendly transportation methods—such as electric and hybrid vehicles—as well as renewable energy-powered warehouses, and advanced technologies such as the Internet of Things (IoT) and artificial intelligence (AI) for optimizing logistics operations.

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Deloitte: clean energy transition offers opportunities

The clean energy transition continuing to sweep the globe will give companies in every sector the choice to either be disrupted or to capitalize on new opportunities, a sustainability expert from Deloitte said in a session today at a conference in Orlando held by the enterprise resource planning (ERP) firm IFS.

While corporate chief sustainability officers (CSOs) are likely already tracking those impacts, the truth is that they will actually affect every aspect of operations regardless of people’s role in a business, said John O’Brien, managing director of Deloitte’s sustainability and climate practice.

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MIT: Businesses thrive more with real-time data flows

Companies that integrate real-time data flows into their operations consistently outperform their competitors, an MIT professor said in a session today at a conference held by IFS, the Swedish enterprise resource planning (ERP) and artificial intelligence (AI) firm.

A real-time business is one that uses trusted, real-time data to enable people and systems to make real-time decisions, Peter Weill, the chairman of MIT’s Center for Information Systems Research (CISR), said at the “IFS Unleashed” show in Orlando.

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Business optimism is up as inflation fades

Global business leaders are feeling optimistic, according to a report from business data analytics firm Dun & Bradstreet showing a 7% increase in business optimism quarter-over-quarter, driven by gradual easing of inflation rates and favorable borrowing conditions.

However, that trend is counterbalanced by economic uncertainty driven by geopolitics, which is prompting many companies to diversity their supply chains, Dun & Bradstreet said in its “Q4 2024 Global Business Optimism Insights” report, which was based on research conducted during the third quarter.

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