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ANCYL roasts Malusi Gigaba

Aug 16th, 2011 Posted in Commerce | Comments Off

Public Enterprises Minister Malusi Gigaba has come under scathing attack by the ANC Youth League for telling the American Chamber of Commerce in SA on Monday that the nationalisation debate was damaging the country.

The league rebuked Gigaba yesterday, saying it hoped that the courage he had suddenly found to speak out on the nationalisation of mines had not been inspired by his audience.

On Monday, Gigaba, a former ANC Youth League president, said the people who were running the country understood what the acrimonious debate on nationalisation was doing to investment.

The youth league said yesterday that it was relieved that, at last, Gigaba, who never held a political view on any issue before, now has the courage to speak about nationalisation of mines, though with a wrong approach, vigour and very wrong information.

We hope his suddenly found courage to speak about nationalisation of mines is not inspired by the American Chamber of Commerce, which he unfortunately was addressing, the league said.

It also questioned Gigabas track record when he was president of the ANCs youth wing between 1996 and 2004, claiming that he never had any impact [or] influenced any policy shift, including on youth development.

The only thing known about some people is government flowers, which have nothing to do with the national democratic revolution and the Freedom Charter.

… Grand-standing and pleasing imperialists undermines peoples integrity and further degenerates the little political respect comrades have, the youth leagues secretary-general, Sindiso Magaqa, said.

In 2007, while deputy minister of home affairs, Gigaba was forced to refund more than R1000 of taxpayers money after he was found to have used a departmental credit card to buy his wife flowers on Valentines Day.

Magaqa said the league would soon ask for a meeting with Gigaba, to take him through [the basics of] the nationalisation of the mines and its relationship [with] future investments and employment creation.

The leagues rebukes were made as Mineral Resources Minister Susan Shabangu entered the fray, saying the nationalisation debate was not taking our people anywhere. She said the country and the mining industry should instead concentrate on finding ways to eliminate the evil triplet of poverty, inequality and unemployment.

Political analyst Adam Habib said the rows between the ANC and its youth wing were becoming more acrimonious and this was a sign that there were divisions within the party.

When you personalise debates, like they are doing with Gigaba, you are demonstrating acrimony.

This is a sign of deep divisions, especially with the kind of language that is being used.

Another thing is the way they confront this issue. [The youth league is] not trying to convince the ANC with the debate. If they were, they would not use the kind of words that they are using. They seem to be drawing battle lines.

The league yesterday accused ANC spokesman Jackson Mthembu of jumping the gun regarding its position on Botswana.

The ANC on Monday publicly rebuked the league, saying its insults to and disrespect of Botswana President Ian Khama were a clear demonstration that it had crossed the political line.

The spat followed the leagues statement on Sunday that it would establish a command team that would promote unity among opposition parties in Botswana with the aim of regime change.

Yesterday, the leagues spokesman, Floyd Shivambu, said Mthembu had jumped the gun.

In true ANC tradition, internal discussions and consultations should be exhausted before any public condemnation is made for whatsoever reason, he said.

Commerce: Americans trim personal spending in June

Aug 13th, 2011 Posted in Commerce | Comments Off

Cash-strapped Americans cut back on spending in June by 0.2 percent, which translated to a decrease of $21.9 billion in personal consumption expenditures (PCE), according to the Commerce Department#39;s Bureau of Economic Analysis.

Although personal income was up slightly, personal consumption fell by twice as much as personal income rose.

Personal income was up by $18.7 billion, or 0.1 percent, while disposable personal income (DPI) increased $16.3 billion, or 0.1 percent for June.

The answer to why personal consumption fell while personal income rose might be explained by the fact that personal income did not increase across the board for all income types. For example, wage earners saw a decrease in income while some non-wage categories increased.

Data for wages and salaries showed:

  • Private wage and salary disbursements decreased $2.2 billion in June.
  • Goods-producing industries#39; payrolls decreased $1.8 billion and manufacturing payrolls decreased $2.1 billion.
  • Services-producing industries#39; payrolls decreased $0.3 billion.
  • Government wage and salary disbursements decreased $0.4 billion.

Albany Airport, local chambers of commerce partner in effort to bring more …

Aug 13th, 2011 Posted in Commerce | Comments Off

By MICHAEL CIGNOLI
mcignoli@saratogian.com

ALBANY Local chambers of commerce have partnered with Albany International Airport in an attempt to enhance the Capital Regions connections to tech companies in the western United States.

The Albany County Airport Authority, the airports owner, has applied for a federal grant that would be used to attract new flights and new airlines to serve Albany International Airport in response to growing air service demands of local businesses.

The airport could receive up to $1.5 million dollars from the government in the form of a Small Community Air Service Development Grant, which would be combined with a $1.5 million incentive and marketing package developed by the airport to attract new airlines to Albany as well as encourage airlines that already service the airport to add new routes.

The grant requires the local community to pledge matching funds and several organizations have partnered with the Airport to encourage growth. The Albany-Colonie Regional Chamber of Commerce, Center for Economic Growth, Schenectady County Chamber of Commerce and Saratoga County Chamber of Commerce helped raise funds for the application process.

The federal grant money would be used to recruit the airlines, Saratoga County Chamber of Commerce President Todd Shimkus said, while the local funds would be used to advertise the flights once the airlines commit to the airport.

Albany International Airport spokesman Doug Myers said the ultimate goal is to get a direct flight from Albany to Houston because of its proximity to high tech companies in Texas. GlobalFoundries, the largest tenant at the Luther Forest Technology Campus, has operations in Austin, Tx., about 160 miles west of Houston.

Thats not to say we wont go after another city, Myers said, adding the airport also listed Dallas/Fort Worth and Denver as backup target cities on its application.

Any of the destinations would increase Albanys access to the west. Myers said the airport primarily serves the east cost, with the exception of flights to Chicago, Minneapolis/St. Paul and Las Vegas.

Many of the companies in GlobalFoundries supply chain, notably M+W Group, the company building its Malta facility, are western companies.

If we want those suppliers to come here and create jobs, we have to have better connections to their west coast operations, Shimkus said. Continued…

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The Journal of Commerce Wins Tabbies for Business Reporting Excellence

Aug 11th, 2011 Posted in Commerce | Comments Off

NEWARK, NJ, Aug. 2, 2011 /PRNewswire/ — The Journal of Commerce announced Tuesday it was honored with three Tabbie awards for excellence in business-to-business reporting by Trade Association Business Publications International.

The honors included a top gold award for editorial writing and awards for the trade and logistics publications annual report on the United States Top 100 Importers and Exporters and a special report on the shift in low-cost manufacturing within Asia.

These awards are important and well-deserved recognition of a publishing business and a staff of reporters, editors and analysts that are bringing unmatched insight and analysis to the world of trade and shipping, said Christine Oldenbrook, publisher of The Journal of Commerce, a unit of UBM Global Trade and its parent company, UBM LLC.

Taking the editors column gold award, Energy Leaders addressed the shipping communitys concern with energy regulation and its impact on shipping, trade and the US economy. Editorial Director Paul Page looked at changes around the world that would affect American business, citing the findings of an Ernst amp; Young report on Chinas renewable-energy investment, in what judges called, a great call to action for our energy leaders.

The Journal of Commerce annual Top 100 Importers and Exporters won the bronze among special sections for its excellent use of exclusive research (and) useful outlook information. Using data from JOC sister company PIERS and other industry sources, the ranking report also included predictions for consumer behavior and container shipping volumes and reports on various commodity groups, providing a comprehensive body of information for its readers.

Senior Editor Peter Leachs June 14 cover story, Asias Supply Chain Shift, addressing manufacturings move to Vietnam in Asia took honorable mention among the top B2B feature stories of 2011. It examined economic trends behind Vietnams growth as well as the opportunities, such as potential for deeper, regional supply-chain changes, to be balanced by infrastructure challenges.

About The Journal of Commerce — Since 1827, The Journal of Commerce has been the most trusted source of intelligence for international logistics executives to help them plan global supply chains and better manage day-to-day transportation of goods and commodities in the United States and internationally. To view daily news visit www.joc.com.

To become a member of The Journal of Commerce click here. JOC members have access to our weekly print and digital magazine and Web site, as well as a 10% discount on all JOC events and trade shows, UBM Global Trade Directories and select PIERS products. Authoritative editorial content in the form of daily news, weekly analysis and regular features ensure our members have the information and data necessary to understand the issues facing trucking, rail and maritime transportation. Members enjoy access to By the Numbers, an exclusive weekly compilation of key industry statistics that provides detailed views of current market trends across all modes. Regular market intelligence reports — utilizing PIERS trade data — include Top 100 Imports and Exporters, quarterly Top 40 Container lines, Trans-Pacific and Trans-Atlantic Maritime Forecasts and Top Container Ports and Terminals. Market-sector supplements, including Breakbulk, Cool Cargoes, 3PL, JOC Guide to Trucking and others, ensure all modes are comprehensively covered.

About UBM Global Trade — UBM Global Trade is the leading provider of proprietary data, news, business intelligence and analytical content supporting commercial maritime, rail, trucking, warehousing and logistics industries worldwide. The companys portfolio of more than 100 online, print and interactive workflow business solutions includes The Journal of Commerce, Breakbulk, RailResource, PIERS and an array of international trade and transportation databases and directories. UBM Global Trade, a subsidiary of UBM LLC, is headquartered in Newark, NJ, with offices throughout the United States. For more information, explore www.ubmglobaltrade.com or call 800-952-3839 (+1-973-776-8660 outside the US or Canada).

CONTACT: Alessandra G. Barrett, The Journal of Commerce, +1-973-776-7808, abarrett@joc.com

SOURCE The Journal of Commerce

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SPS Commerce Named to SupplyChainBrain’s 2011 100 Great Supply Chain Partners List

Aug 11th, 2011 Posted in Commerce | Comments Off

MINNEAPOLIS, Aug 2, 2011 (GlobeNewswire via COMTEX) –
SPS Commerce

/quotes/zigman/117638/quotes/nls/spsc SPSC
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, a leading provider of on-demand supply chain management solutions, today announced that it has been named to SupplyChainBrain’s 2011 100 Great Supply Chain Partners list. This award is the result of an online poll in which supply chain professionals were asked to nominate vendors and service providers whose solutions have made a significant impact on their company’s efficiency, customer service and overall supply chain performance.

With more than 40,000 customers, SPS Commerce offers a broad suite of on-demand services for the retail supply chain. The SPScommerce.net platform features prebuilt integrations with 3,000 order management models across more than 1,500 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. These integrations help suppliers, retailers, 3PLs and others in the retail supply chain shorten supply cycle times, optimize inventory levels, streamline e-commerce fulfillment, and reduce costs.

“All of us at SPS Commerce are honored to be included in the 100 Great Supply Chain Partners list for the second year,” said Archie Black, president and CEO of SPS Commerce. “Customer satisfaction is a priority for SPS Commerce and we are delighted that our customers choose to anonymously recommend SPS Commerce for this award based on their supply chain advancements using our on-demand solutions.”

About SupplyChainBrain

SupplyChainBrain, the world’s most comprehensive supply chain management information resource, is accessed year round through a wide range of ever evolving multi-media formats by hundreds of thousands of senior level industry executives. In addition to addressing the fundamental principles of supply-chain management, SupplyChainBrain identifies emerging trends, technologies and best practices, forward thinking ideas and cutting-edge solutions-and continues to write and report about these as they evolve and mature.

About SPS Commerce

SPS Commerce is a leading provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. We deliver our solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. Our SPSCommerce.net platform features pre-built integrations used by current and new customers alike, spanning 3,000 order management models across 1,500 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. More than 40,000 customers across more than 40 countries have used SPSCommerce.net, making it one of the largest trading partner integration centers. SPS Commerce has 42 consecutive quarters of increased revenues and is headquartered in Minneapolis. For additional information, please contact SPS Commerce at 866-245-8100 or visit
www.spscommerce.com .

SPS Commerce is a registered trademark of SPS Commerce, Inc. SPSCommerce.net and the SPS Commerce logo are the property of SPS Commerce, Inc. All other names and trademarks are the property of their respective holders.

The SPS Commerce logo is available at

http://www.globenewswire.com/newsroom/prs/?pkgid=7184

Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors” section of our most recent Annual Report on Form 10-K and other required reports, as filed with the SEC, which are available at the SEC’s Website at
http://www.sec.gov .

SPS-C

This news release was distributed by GlobeNewswire,
www.globenewswire.com

SOURCE: SPS Commerce

CONTACT: Kay Rindels
SPS Commerce
866-245-8100
krindels@spscommerce.com
Kim Baker
PAN Communications
617-502-4300
spscommerce@pancomm.com

(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

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David Lebow Joins Group Commerce as President-Revenue

Aug 11th, 2011 Posted in Commerce | Comments Off

NEW YORK, Aug. 2, 2011 — /PRNewswire/ — David Lebow, a former executive at AOL and numerous other top technology companies, joined Group Commerce earlier this month as President-Revenue. In this role, he will be responsible for the overall customer experience, including the development of new customers, the achievement of goals for existing customers, and all aspects of the customer relationship. He will also lead Group Commerces international expansion.

We are thrilled to have an executive of Davids talent join our management team, said Jonty Kelt, CEO of Group Commerce. He has a tremendous amount of experience helping premium publishers accrue revenue in new markets, and brings with him a proven model for facilitating growth. In leading our business development and revenue operations, David will be a critical part of helping our current and future clients succeed in social commerce.

Lebow was CEO of Internet Broadcasting where he brought platform technology, content and ad services to the worlds largest media publishers. At AOL he oversaw the burgeoning commerce business, AOL Local, and#xA0;AOLs ad operations and technology groups, responsible for fulfilling a multi-billion dollar ad business. David held senior management positions at several media companies, including AMFM radio and Chancellor Media (now Clear Channel) as the company grew from 13 to 565 radio and television properties.#xA0;

This management team and staff has an amazing set of domain experts with proven track records, said Lebow. The focus of company — allowing leading brands and publishers to participate in the deals/offers space — is a great opportunity to grow revenue and audience for publishers. #xA0;In studying this fast-growing market, I am convinced Group Commerce offers the best solution to help publishers win an increasingly important space.

ABOUT GROUP COMMERCE

Group Commerce Inc. is a white-label, full-service group buying platform built for the unique needs of publishers and merchants. Founded in 2010, its social commerce technology is already in use by several of the industrys most respected brands. Backed by leading venture capital firms and other top investors, the Company is based in New York City.

For more information, visit www.groupcommerce.com.

SOURCE Group Commerce Inc.

Albany Airport, local chambers of commerce partner in effort to bring more …

Aug 9th, 2011 Posted in Commerce | Comments Off

By MICHAEL CIGNOLI
mcignoli@saratogian.com

ALBANY Local chambers of commerce have partnered with Albany International Airport in an attempt to enhance the Capital Regions connections to tech companies in the western United States.

The Albany County Airport Authority, the airports owner, has applied for a federal grant that would be used to attract new flights and new airlines to serve Albany International Airport in response to growing air service demands of local businesses.

The airport could receive up to $1.5 million dollars from the government in the form of a Small Community Air Service Development Grant, which would be combined with a $1.5 million incentive and marketing package developed by the airport to attract new airlines to Albany as well as encourage airlines that already service the airport to add new routes.

The grant requires the local community to pledge matching funds and several organizations have partnered with the Airport to encourage growth. The Albany-Colonie Regional Chamber of Commerce, Center for Economic Growth, Schenectady County Chamber of Commerce and Saratoga County Chamber of Commerce helped raise funds for the application process.

The federal grant money would be used to recruit the airlines, Saratoga County Chamber of Commerce President Todd Shimkus said, while the local funds would be used to advertise the flights once the airlines commit to the airport.

Albany International Airport spokesman Doug Myers said the ultimate goal is to get a direct flight from Albany to Houston because of its proximity to high tech companies in Texas. GlobalFoundries, the largest tenant at the Luther Forest Technology Campus, has operations in Austin, Tx., about 160 miles west of Houston.

Thats not to say we wont go after another city, Myers said, adding the airport also listed Dallas/Fort Worth and Denver as backup target cities on its application.

Any of the destinations would increase Albanys access to the west. Myers said the airport primarily serves the east cost, with the exception of flights to Chicago, Minneapolis/St. Paul and Las Vegas.

Many of the companies in GlobalFoundries supply chain, notably M+W Group, the company building its Malta facility, are western companies.

If we want those suppliers to come here and create jobs, we have to have better connections to their west coast operations, Shimkus said. Continued…

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A national e-commerce ‘Amazon tax’ law draws harsh reaction

Aug 7th, 2011 Posted in Commerce | Comments Off

Is Amazon.com

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finally getting what it has asked for?

Sen. Dick Durbin (D-Ill.) plans to introduce a bill that would allow states to require all retailers, including online stores and brick-and-mortar retailers, to collect sales tax.

The bill is called the Main Street Fairness Act and is co-sponsored by Sen. Tim Johnson (D-SD). A similar bill is expected to be introduced in the House by Rep. John Conyers (D-Mich.) and Peter Welch (D-Vt.).

Seattle-based Amazon has said that the company collects sales tax or its equivalent in more than half of the areas where Amazon does business.

Amazon CFO Thomas Szkutak recently said during a conference call with industry analysts that Amazon has long supported a federal simplified approach to the sales tax issue.

We think in the US, that the federal solutions a great way to solve this, Szkutak said.

The recession left many state budgets with billion-dollar deficits in its wake as tax revenue has dwindled. Several states, including Maryland, are looking into new taxes for online retailers, both to plug budget gaps and stay ahead of new consumer spending trends.

The proposed federal law by Durbin already has drawn criticism from eBay, as well as a host of industry organizations such as NetChoice and the Information Technology Industry Council.

The bills name is interesting. It is similar to the name of the Alliance for Main Street Fairness, a retail group that wants Amazon to be forced to collect sales taxes in California and other states. The Retail Industry Leaders Association, which is part of the industry coalition that supports the Alliance for Main Street Fairness, applauded a move to establish a federal law.

Weak spending report fuels market decline

Aug 5th, 2011 Posted in Commerce | Comments Off

A Wall Street selloff pushed the Dow below the 12,000 mark Tuesday, as jittery investors reacted to a weak consumer spending report.

The Commerce Department said Americans cut their spending in June for the first time in nearly two years after seeing their incomes grow by the smallest amount in nine months.

The Dow Jones Industrial Average lost 266 points, or 2.2 percent, to close at 11,867, and the Standard amp; Poors 500 – the benchmark for most US mutual funds – lost 2.6 percent, falling to its lowest point of the year.

Investors seemed unimpressed by a hard-fought compromise deal that was signed into law Tuesday, raising the nations federal debt limit. The legislation will cut federal spending by $2.1

AdvancePierre Foods Selects Leading Comprehensive Procurement Solution …

Aug 5th, 2011 Posted in Commerce | Comments Off

PHILADELPHIA, Aug 2, 2011 (GlobeNewswire via COMTEX) –
AdvancePierre Foods, a leading supplier of value-added protein and handheld convenience products to the foodservice, school, retail, club, vending and convenience store markets, has signed a multi-year contract with ICG Commerce, the leading provider of comprehensive procurement solutions. Through this partnership, which began in late 2010, ICG Commerce will help AdvancePierre Foods reduce costs and accelerate savings opportunities from its recent merger and acquisitions. The partnership will focus on continuously optimizing spending in the areas of direct packaging and logistics, indirect maintenance, repair and overhaul (MRO) and miscellaneous packaging.

AdvancePierre Foods chose ICG Commerce based on the company’s Specialized Procurement Infrastructure, which infuses teams of dedicated category experts, real-time market intelligence and proprietary technology into a comprehensive spend management process. The process will help maximize savings and expand the reach of AdvancePierre’s procurement operations.

“AdvancePierre remains focused on supplying its customers with innovative and high-quality products in the most cost-effective manner possible,” said Mike Zelkind, Senior VP of Operations for AdvancePierre Foods. “Our company has doubled in size with last year’s merger with Advance Food Company and Advance Brands and our recent acquisition of Barber Foods. We were looking for solutions that would help us accelerate synergy savings. We will be able to immediately use the infrastructure that ICG Commerce has built to help us better leverage our combined spend and drive savings synergies far faster than we could do on our own.”

AdvancePierre Foods joins other leading companies like Pinnacle Foods, Kimberly-Clark and Chiquita who recognize the positive impact of smartly managing non-product spend. With rising commodity costs and consumer price sensitivity putting continued pressure on margins, consumer products companies are increasingly looking to non-product related spend as a new source of significant savings that can be reinvested in growth and innovation.

“AdvancePierre Foods has a progressive management team that is looking to take the organization to a new level,” said Carl Guarino, CEO of ICG Commerce. “They have recognized that rapid growth and recent merger and acquisitions have created an opportunity to optimize spending and drive significant savings. Beyond driving short term synergies by partnering with ICG Commerce, AdvancePierre Foods can immediately begin reaping the benefits of our world-class procurement infrastructure and its embedded expertise, market insights and benchmarks to help transform procurement and support its growth initiatives.”

About ICG Commerce, Inc.

ICG Commerce, the leading procurement solution provider, is driving a fundamental change in the way today’s businesses achieve financial agility and fund growth. ICG Commerce is the only procurement solution provider that has built a specialized infrastructure dedicated to helping companies optimize indirect and other under-resourced areas of spend and drive bottom line savings that strengthen their businesses. ICG Commerce is a privately held company and member of ICG’s

/quotes/zigman/5575487/quotes/nls/icge ICGE
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network of partner companies.

The ICG Commerce, Inc. logo is available at

http://www.globenewswire.com/newsroom/prs/?pkgid=6920

About AdvancePierre Foods, Inc.

AdvancePierre Foods is a leading supplier of value-added protein and handheld convenience products to the foodservice, school, retail, club, vending and convenience store channels. The company makes and distributes more than 3,000 packaged sandwiches, fully cooked chicken and beef products, Philly-style steak, stuffed chicken breasts, and bakery products. Headquartered in Cincinnati, AdvancePierre Foods employs 4,500 people and operates processing facilities in Ohio, Oklahoma, Iowa, Maine, and North and South Carolina, with bakeries in North Carolina and Oklahoma. AdvancePierre is currently owned by funds managed by Oaktree Capital Management L.P., a Los Angeles-based investment firm.

This news release was distributed by GlobeNewswire,
www.globenewswire.com

SOURCE: ICG Commerce

CONTACT: Media Contact:
Cheri Keith
Racepoint Group for ICG Commerce
781-487-4672
ckeith@racepointgroup.com

(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

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