Source: Transport Journal Newspaper, Page A1 & A7, Thailand
“BDP”, world-class logistic services provider, chooses Thailand to be the venue for discussion among leaders from 50 countries in its network. “Richard Bolte”, the company’s CEO, is confident that its business model will have high flexibility to drive the growth of 5-10% in Asia market next year.
Mr. Richard Bolte, president and chief executive officer of BDP International –the world’s leading logistics management services provider said, “BDP chooses Thailand to be the venue for BDP Global Network Forum this year. The network consists of more than 100 leaders from over 50 countries worldwide. During the conference, delegates will discuss the state of the economy and how companies in different countries can work together to better serve their international client base.
“The recession hasn’t been a typical recession. Nor is the economic recovery normal. The question is whether or not it is sustainable? The stock markets performed well between March and early October and was one of the early benchmarks of an impending recovery; though in recent weeks we have seen market corrections taking place,” Mr. Bolte said.
Click here to read more.
Monday, November 16, 2009
BDP International Wins President's "E Star" Award
PHILADELPHIA, USA- BDP International has won the prestigious 2009 President's "E Star" Award for Export Service.
Twenty-one companies that excel at exporting were honored by U.S. Commerce Secretary Gary Locke on Nov. 5 as recipients of the Presidential "E" and "E Star" Awards during a ceremony at the National District Export Council Conference. The awards are the highest U.S. government recognition any domestic entity may receive for supporting export activity.
Philadelphia-based BDP is one of only four companies in the U.S. to receive the "E Star" award this year, and one of only two in the category of export service.
"BDP International has demonstrated a sustained commitment to export expansion," Commerce Secretary Gary Locke said in presenting the award. "Your increase in export servicing sales, from $18.1 million in 2005 to $35.4 million in 2008, is impressive. Your company's expansion to 23 U.S. facilities and operations centers in 120 countries is a reflection of your superior customer service. BDP International's achievements undoubtedly have contributed to national export expansion efforts that support the U.S. economy and create American jobs."
Twenty-one companies that excel at exporting were honored by U.S. Commerce Secretary Gary Locke on Nov. 5 as recipients of the Presidential "E" and "E Star" Awards during a ceremony at the National District Export Council Conference. The awards are the highest U.S. government recognition any domestic entity may receive for supporting export activity.
Philadelphia-based BDP is one of only four companies in the U.S. to receive the "E Star" award this year, and one of only two in the category of export service.
"BDP International has demonstrated a sustained commitment to export expansion," Commerce Secretary Gary Locke said in presenting the award. "Your increase in export servicing sales, from $18.1 million in 2005 to $35.4 million in 2008, is impressive. Your company's expansion to 23 U.S. facilities and operations centers in 120 countries is a reflection of your superior customer service. BDP International's achievements undoubtedly have contributed to national export expansion efforts that support the U.S. economy and create American jobs."
The award was accepted by H. Timothy Bolte, BDP vice president, and Michael Ford, vice president of regulatory compliance and quality.
This is the second time that BDP has won an export award from the U.S. Department of Commerce. In 1997, BDP was awarded the President's "E" Award for excellence in exporting, the highest U.S. award for American exporters. The "E Star" award is given for continued efforts to improve U.S. export service. Only winners of the "E" Award can compete for the "E Star" award.
BDP International is one of the leading privately held freight logistics/transportation management firms based in the United States. It operates freight logistics centers in more than 20 cities throughout North America and a network of subsidiaries, joint ventures and strategic partnerships in 121 countries.
BDP was lauded for its dedication to research and education in the industry, including initiatives to assist export clients in logistics and operational matters. In April 2006, BDP surveyed shippers to determine their understanding of non-vessel operating common carrier confidential service agreements. In May 2007, BDP in conjunction with St. Joseph's University surveyed multi-national companies in the chemical, consumer goods, industrial and retail sectors regarding global supply chains.
"We are unaware of any company that provides more market guidance and current trade information to all of their stakeholders than BDP International," said BDP CEO Rich Bolte. "This award is a validation that our collaborative approach to global logistics have not only helped our clients but contributed to U.S. export expansion."
BDP has also established offices and warehouse facilities throughout the commercial world. This expansion gives clients access to on-site local distribution experts who are bilingual, knowledgeable about the market and available to accompany and advise BDP clients in negotiations with local industry.
As an example, in China BDP provides supply chain consulting and project services along with expertise in local documentation and regulations through BDP offices located in ten major commercial areas of China.
This is the second time that BDP has won an export award from the U.S. Department of Commerce. In 1997, BDP was awarded the President's "E" Award for excellence in exporting, the highest U.S. award for American exporters. The "E Star" award is given for continued efforts to improve U.S. export service. Only winners of the "E" Award can compete for the "E Star" award.
BDP International is one of the leading privately held freight logistics/transportation management firms based in the United States. It operates freight logistics centers in more than 20 cities throughout North America and a network of subsidiaries, joint ventures and strategic partnerships in 121 countries.
BDP was lauded for its dedication to research and education in the industry, including initiatives to assist export clients in logistics and operational matters. In April 2006, BDP surveyed shippers to determine their understanding of non-vessel operating common carrier confidential service agreements. In May 2007, BDP in conjunction with St. Joseph's University surveyed multi-national companies in the chemical, consumer goods, industrial and retail sectors regarding global supply chains.
"We are unaware of any company that provides more market guidance and current trade information to all of their stakeholders than BDP International," said BDP CEO Rich Bolte. "This award is a validation that our collaborative approach to global logistics have not only helped our clients but contributed to U.S. export expansion."
BDP has also established offices and warehouse facilities throughout the commercial world. This expansion gives clients access to on-site local distribution experts who are bilingual, knowledgeable about the market and available to accompany and advise BDP clients in negotiations with local industry.
As an example, in China BDP provides supply chain consulting and project services along with expertise in local documentation and regulations through BDP offices located in ten major commercial areas of China.
Friday, November 6, 2009
AGCO Corporation Agrees to Pay $18.3 Million to Settle SEC Charges of FCPA Violations
Source: US Securities and Exchange Commission
Washington, D.C., Sept. 30, 2009 — The Securities and Exchange Commission today charged AGCO Corporation with violations of the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA), alleging that certain subsidiaries made approximately $5.9 million in kickback payments related to their sales of humanitarian goods to Iraq under the United Nations Oil for Food Program. AGCO Corporation, a manufacturer and supplier of agricultural equipment headquartered in Duluth, Ga., has agreed to pay more than $18.3 million to settle the SEC's charges. Click here to read more.
Washington, D.C., Sept. 30, 2009 — The Securities and Exchange Commission today charged AGCO Corporation with violations of the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA), alleging that certain subsidiaries made approximately $5.9 million in kickback payments related to their sales of humanitarian goods to Iraq under the United Nations Oil for Food Program. AGCO Corporation, a manufacturer and supplier of agricultural equipment headquartered in Duluth, Ga., has agreed to pay more than $18.3 million to settle the SEC's charges. Click here to read more.
Tuesday, November 3, 2009
BDP Legal's FCPA Newsletter: Issue 01 - November 2009
BDP Legal is excited to introduce the inaugural edition of its Foreign Corrupt Practices Act ("FCPA") newsletter. This newsletter will enhance your ability to conduct business internationally, while enabling you to limit your exposure to the severe repercussions for non-compliance with the FCPA and other critical statutes. We at BDP want to maximize your compliance strategies in all areas of global supply chain management and allow your business to run as efficiently as possible.
United States Export Controls
Below is an interesting and informative article entitled "United States Export Controls: A Brief Primer - With a Focus on the International Traffic in Arms Regulations and its Extraterritorial Reach."
Source: Kerry T. Scarlott, Esq. & Ian H. Moss, Esq. of Posternak, Blankstein & Lund, LLP
Source: Kerry T. Scarlott, Esq. & Ian H. Moss, Esq. of Posternak, Blankstein & Lund, LLP
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