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| Cass: U.S. freight market ‘extraordinarily strong’ |
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Thursday, June 21, 2018
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Growth in the North American freight market continued to accelerate in May despite increasingly difficult comparisons, according to the latest Cass Freight Index Report. Shipment volumes and expenditures extended a run of year-over-year increases that began 20 and 17 months ago, respectively, with volumes up 11.9 percent and spending up 17.3 percent compared with May 2017.
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| ATA: Truck tonnage steady in May |
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Thursday, June 21, 2018
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Domestic truck tonnage was relatively steady in May, ticking up 0.7 percent following a revised 2.7 percent increase the previous month, according to the latest reading of the American Trucking Associations’ (ATA) advanced seasonally adjusted For-Hire Truck Tonnage Index. The index equaled 113.8 for the month, up 7.8 compared with May 2017 but slowing slightly from the 9.9 percent year-over-year growth rate seen in April. The April growth followed two months of sequ...
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| Google links up with JD.com |
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Tuesday, June 19, 2018
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Google is hooking up with JD.com in a strategic partnership deal that will see the Mountain View, Calif.-based tech giant invest $550 million in cash into one of the largest and fastest growing e-commerce marketplaces in the world, the companies announced Monday. Under the agreement, Google will receive just over 27 million newly issued JD.com Class A ordinary shares at $20.29 per share, equivalent to $40.58 per American depository share, a U.S. dollar-denominated equity share o...
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| Spot transpacific, transatlantic rates buck trend down |
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Tuesday, June 19, 2018
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Container freight rates in the transpacific and transatlantic trades are on the rise when compared with the same time period a year ago and despite a continued decline in the Asia-Europe and Asia-Mediterranean lanes, according to one of the primary indices for measuring spot rates. The aggregate World Container Index, produced by London-based maritime shipping consultant Drewry, slid 0.9 percent last week from the previous week and at $1,414 per FEU was also down 3.5 percent com...
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| Truckload rate growth finds yet another gear in May |
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Monday, June 18, 2018
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Growth in domestic U.S. truckload rates found yet another gear in May, surging 9 percent compared with the same month a year ago, according to the latest Cass Truckload Linehaul Index. Following a record-setting 8.2 percent jump the previous month, the May growth to a reading of 133.7 represents the 14th consecutive month of year-over-year gains and the largest percentage increase since 2005, the base year for the index. The index had fallen for 13 straight months —...
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| Intermodal pricing growth hits 20th straight month |
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Monday, June 18, 2018
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Intermodal rates grew for the 20th consecutive month in May, rising another 9.1 percent compared to the same month the previous year, according to the latest Cass Intermodal Price Index, which measures all-in per-mile costs. According to Cass, last month’s growth brought the index to a reading of 141.1, leaving it just short of the all-time high set in March, bringing the three-month rolling average growth rate to 7.1 percent and indicating that tight truckload capacity and high...
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| U.S. steel imports surge in anticipation of tariff |
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Friday, June 15, 2018
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Steel imports to the United States surged 12.1 percent in April to 3.76 million net tons, according to the latest figures from the American Institute for International Steel. Of that total, U.S. companies purchased 705,000 net tons of steel from Canada, 478,000 net tons from the European Union, 475,000 net tons from South Korea and 467,000 net tons from Russia. Through the first four months of 2018, steel imports grew 1.2 percent year-over-year to 12.45 million net ...
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| Spot container rates from Shanghai to U.S. decline |
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Friday, June 15, 2018
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The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI) fell 3.5 percent from last Friday’s reading of 806.04 to a reading of 777.70, primarily fueled by declines on routes to the United States. Since last week, spot container rates from Shanghai to the U.S. West Coast tumbled 6.8 percent to $1,266 per FEU, while rates from Shanghai to the U.S. East Coast fell 5 percent to $2,236 per FEU. Meanwhile, spot container rates from Shanghai to Europe slipped 0.9 pe...
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| Long Beach tags $695 million for capital projects |
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Friday, June 15, 2018
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The Long Beach Board of Harbor Commissioners on Monday approved a $982 million budget for the port’s upcoming fiscal year, which starts Oct. 1. The Harbor Department plans to spend $695 million for capital projects, including the ongoing Gerald Desmond Bridge replacement project and the Middle Harbor Terminal redevelopment, the port said.
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| Port of Oakland volumes recede after record April |
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Friday, June 15, 2018
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Container cargo volumes at the Port of Oakland slipped 2.9 percent to 204,765 TEUs in May compared with the same month a year ago, according to the most recent data from the port. The May decline follows an April during which Oakland saw its volumes rise 3.3 percent year-over-year, thanks in large part to a record 75,369 TEUs of loaded imports. Loaded import volumes at the northern California port were steady at 82,465 TEUs in May, but loaded exports sank 8.3 percen...
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| Port of Virginia expansion on schedule, on budget |
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Wednesday, June 13, 2018
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The Port of Virginia handled 236,893 TEUs in May, a 4 percent decline from 12 months prior, which it said was part of a “tactical decision” to limit the flow of empty containers across the port in order to drive cargo throughput during expansion at Virginia International Gateway (VIG) and Norfolk International Terminals (NIT). “Another factor is that last April, when the alliances went into service, there was an influx of volume moving across Virginia on the big ships that were ...
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| U.S. steel exports steady in April |
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Wednesday, June 13, 2018
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Exports of steel from the United States were relatively steady in April despite fears of a looming trade war with the two largest buyers of American steel. U.S. steel exports ticked up 0.5 percent from the same month a year ago to 861,005 net tons, but slipped just under 1 percent compared with March, according to the latest figures from the American Institute for International Steel. Through the first four months of 2018, exports have fallen 2.5 percent year-over-y...
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| Port of Los Angeles box volumes slide in May |
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Wednesday, June 13, 2018
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The Port of Los Angeles handled 768,804 TEUs in May, a 3.4 percent decline from 12 months prior, which executive director Gene Seroka said was due to the continued shuffling of alliance services in the San Pedro Bay. The southern California port is currently called by 21 container services connecting it to regions outside North America, 14 of which are operated by one of the three major container shipping alliances, according to BlueWater Reporting ’s Port Dashboard tool. &...
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| South Carolina Ports Authority reports record month |
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Monday, June 11, 2018
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South Carolina Ports Authority’s (SCPA) container volumes in May surged 8.2 percent year-over-year to 197,437 TEUs, a record for the month of May and the second-highest month of container traffic in the port’s history. Infrastructure improvements at the Port of Charleston’s Wando Welch Terminal have continued to progress, and the wharf modernization project that began in 2015 is nearing completion, SCPA said. The Wando Welch Terminal had opened in 1982 and is curren...
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| Record container imports forecast despite tariff talk |
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Friday, June 08, 2018
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The National Retail Federation is projecting record volumes of containerized import cargoes to the United States for the coming summer and fall seasons despite a potential tariff battle with its closest trading partners. Major U.S. retail ports handled 1.63 million TEUs of containerized imports in April, a 0.3 percent uptick compared with the same month a year ago, according to the latest monthly Global Port Tracker report from the NRF and Hackett Associates. On a sequential bas...
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| U.S. meat exporters turn it up in April |
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Friday, June 08, 2018
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U.S. pork, beef and lamb exports all increased in volumes and value in April from a year prior, according to data provided by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF). Pork exports refer to pork and pork variety meat; beef exports refer to beef and beef variety meat; and lamb exports refer to lamb, mutton and lamb variety meat. The United States in April exported 230,049 metric tons of pork valued at $584.1 million, ...
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| Trade deficit narrows for second straight month |
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Thursday, June 07, 2018
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The U.S. trade deficit narrow for the second straight month in April, shrinking 2.1 percent to $46.2 billion as exports surged and imports continued to falter, according to the most recent data from the U.S. Department of Commerce’s Bureau of Economic Analysis. The latest figures come as bilateral trade talks between the United States and China have come to somewhat of a stalemate over planned U.S. import tariffs on Chinese goods and a potential tit-for-tat tariff battle over im...
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| Global box volumes up 4.7 percent in 2018 |
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Thursday, June 07, 2018
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Global transport volumes of containerized cargo grew 5.9 percent to 13.85 million TEUs in April compared with the same month a year ago, boosted by strong growth in imports and exports across Asia, Europe and North America, according to the latest data from industry analyst Container Trade Statistics (CTS). The increase in international trade volumes is welcome news for ocean carriers, which have seen container freight rates falter throughout the early portion of 2018, leading t...
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| Canada’s trade deficit shrinks in April |
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Thursday, June 07, 2018
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Canada’s trade deficit drastically declined in April from a month prior, clocking in lower than analysts had expected as the nation’s trade surplus with the United States — its largest trading partner — sharply increased.
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| Heavy-duty truck orders at levels ‘never seen before’ |
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Wednesday, June 06, 2018
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Net orders for North American Class 8 trucks totaled 35,200 units in May, the third-highest level ever for the month, according to preliminary data from freight forecaster FTR Transportation Intelligence. The May order activity “continued to show exceptional strength” as fleets struggled to keep up with demand, FTR said. The six-month average for heavy-duty truck orders now stands at more than 40,000 units, “volumes never seen before in the industry,” the firm added...
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| Transportation, logistics hiring bounces back in May |
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Friday, June 01, 2018
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Hiring at U.S. transportation and logistics companies surged in May after slowing significantly the previous month. Firms added another 18,700 jobs in the month following a revised increase of 1,600 positions in April, according to the latest preliminary data from the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The April slowdown followed three consecutive months of strong gains. U.S. logistics companies added 15,700 jobs in March, 17,800 positions ...
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| NAFTA trade growth steady but slowing |
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Thursday, May 31, 2018
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The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA) — Canada and Mexico — climbed another 5.5 percent to $100.29 billion in March compared with the same month a year ago, according to the latest data from the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). NAFTA trade flows have been on a tear of late, posting year-over-year growth in each of the last 17 months for whic...
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| IATA: Air cargo growth rebounds in April |
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Thursday, May 31, 2018
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Growth in global air freight volumes rebounded in April after slowing considerably the previous month. Cargo demand jumped 4.1 percent for the month compared with the same 2017 period, up from the 1.7 percent year-over-year growth rate seen in March, according to the latest data from the International Air Transport Association. The March increase was also the the slowest pace in 22 months. Growth in available air freight capacity also accelerated, from 4.4 percent i...
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| Q1 U.S. GDP estimate gets downgrade |
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Wednesday, May 30, 2018
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United States gross domestic product — the broadest measure of a nation’s overall economic health — grew at an annual rate of 2.2 percent in the first quarter of 2018, according to the “second” estimate from the Department of Commerce. The first-quarter growth rate was revised downward from 2.3 percent in Commerce’s “advance” estimate. The growth rate is also down from the 2.9 percent annual rate seen in the fourth quarter of 2017 and the slowest since the first quarter of 2017.
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| Container rate indices sending mixed signals |
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Tuesday, May 29, 2018
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Two of the primary indices for measuring spot rates for container shipping were headed in the opposite direction last week. After pricing receded again two weeks ago following a brief rebound, the composite Shanghai Containerized Freight Index, produced by the Shanghai Shipping Exchange, ticked up 1.4 percent last week, while Drewry’s World Container Index slipped 1.1 percent on a sequential basis.
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| Port of NY/NJ has record volume with import decline |
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Friday, May 25, 2018
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Cargo volumes at the Port of New York and New Jersey, the busiest cargo gateway on the U.S. East Coast and third largest in the country, continued to rise in April despite a slight decline in imports. The port handled 551,117 TEUs of containerized cargo during the month, a 0.8 percent year-over-year increase and the fourth consecutive monthly high, according to the most recent data from the Port Authority of New York and New Jersey (PANYNJ) . Throughput of loaded im...
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| ZIM deepens Q1 loss |
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Thursday, May 24, 2018
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ZIM’s net loss for the first quarter of 2018 deepened to $34.1 million from a net loss of $6.4 million for the 2017 first quarter, the Israeli ocean carrier said Thursday. ZIM was one of several ocean carriers to report less-profitable results for the quarter from a year prior as spot rates have plummeted.
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| ATA: Truck tonnage rebounds in April |
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Thursday, May 24, 2018
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Domestic truck tonnage rebounded in April after two months of sequential declines, according to the latest reading of the American Trucking Associations’ (ATA) advanced seasonally adjusted For-Hire Truck Tonnage Index. The index equaled 112.5 for the month, up 2.2 percent from a reading of 110.1 in March and 9.5 percent compared with April 2017, the largest year-over-year increase since October 2017. Through the first four months of the year, domestic truck volumes ...
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| GPA volumes continue to swell |
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Thursday, May 24, 2018
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The Port of Savannah in April saw volumes of containerized cargo rise 7.1 percent to 356,700 TEUs compared with the same month a year ago, according to the latest data from the Georgia Ports Authority. Imports of loaded containers at the South Atlantic port jumped 8.3 percent to 161,691 TEUs for the month, while loaded exports surged 23.4 percent to 141,353 TEUs. Volumes of empty containers were up 14.2 percent to 15,800 TEUs on the inbound side, but outbound empties plummeted 3...
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| Truckload rates step on the gas in April |
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Tuesday, May 22, 2018
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Growth in domestic U.S. truckload rates continued to step on the gas in April, increasing 8.2 percent compared with the same month a year ago, according to the latest Cass Truckload Linehaul Index. The April growth to a reading of 134.8 represents the 13th consecutive month of year-over-year gains and the largest percentage increase since 2005, the base year for the index. The TL Linehaul index rose 6.2 percent in December, 6.5 percent in both January and February, ...
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| Intermodal pricing continues to gather steam |
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Tuesday, May 22, 2018
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Intermodal rates kept picking up steam in April, growing another 6.6 percent compared to the same month the previous year, the 19th consecutive year-over-year increase, according to the latest Cass Intermodal Price Index, which measures all-in per-mile costs. According to Cass, last month’s growth brought the index to a reading of 141.9, leaving it just short of the all-time high set in March, bringing the three-month rolling average growth rate to 5.9 percent and indicating tha...
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| Commerce: Keep cold-rolled steel deposits coming |
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Tuesday, May 22, 2018
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In an effort to close a backdoor channel for dutiable Chinese steel entering the United States, the Commerce Department said it will continue collecting cash deposits on cold-rolled steel imports from Vietnam. According to the department, it has found evidence that these imports from Vietnam are produced from substrate originating in China and circumventing existing U.S. antidumping and countervailing duties on cold-rolled steel from China.
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| Container rates recede again after brief rebound |
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Monday, May 21, 2018
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Container freight rates declined again last week following a brief rebound, according to two of the primary indices tracking spot market rates. The Shanghai Shipping Exchange’s composite Shanghai Containerized Freight Index, which measures spot rates on 13 different outbound trades from Shanghai, fell 3.2 percent last week, while the World Container Index, produced by London-based maritime shipping consultant Drewry, slipped 1.1 percent from a week prior.
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| NWSA box-volume decline continues in April |
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Monday, May 21, 2018
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The Northwest Seaport Alliance (NWSA), which includes the ports of Seattle and Tacoma, handled 279,715 TEUs of containerized cargo in April, a 1.1 percent decline from the same month a year ago, according to the latest data from the ports. Total international container volumes slipped 1.1 percent year-over-year to 224,503 TEUs, as a 3.3 percent increase in international exports to 112,645 TEUs was more than offset by a 5.2 percent drop in imports to 111,858 TEUs. Th...
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| Port of Hamburg’s Q1 throughput sinks |
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Monday, May 21, 2018
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The Port of Hamburg said it handled 32.7 million tons of cargo during the first quarter of 2018, a 7.5 percent drop from the corresponding prior-year period. Bulk cargo tumbled 18.2 percent year-over-year during the quarter to 10 million tons. The port said, “It was impossible to match the fresh record throughput total of 12.2 million tons achieved in the first quarter of 2017, with markets causing downturns in all three sub-segments: suction, grab and liquid cargoes.”
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| South Carolina box volumes float up in April |
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Friday, May 18, 2018
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South Carolina Ports Authority (SCPA) said it handled 196,439 TEUs in April, inching up 3.8 percent from 12 months prior. The 19.7 percent year-over-year boost in loaded exports in April to 80,125 TEUs was offset by a 5.6 percent drop in loaded imports to 78,275 TEUs. SCPA President and CEO Jim Newsome said the growth in loaded export containers “reflects the fact that shippers are utilizing Charleston’s deepwater harbor as a last port of call for heavy export carg...
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| Port of Oakland sets box import record in April |
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Tuesday, May 15, 2018
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The Port of Oakland saw its container cargo volumes rise 3.3 percent to 204,016 TEUs in April, according to the most recent data from the port. During the month, the Northern California port handled a record 75,369 TEUs of loaded imports, surpassing the previous high-water mark of 75,243 TEUs set in April 2006. Throughput of loaded exports, on the other hand, slid just under 1 percent year-over-year to 77,995 TEUs, while empty volumes skyrocketed 16.4 percent to 50,...
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| CEVA net loss deepens but revenues climb |
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Tuesday, May 15, 2018
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CEVA Holdings LLC deepened its net loss in the first quarter of 2018 to $67 million, compared to a $57 million net loss for the corresponding 2017 period, mainly due to an increase in finance expenses and higher depreciation and amortization.
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| Long Beach volume growth continues |
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Tuesday, May 15, 2018
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Port of Long Beach terminals handled 618,438 TEUs of containerized cargo in April, an increase of 10.8 percent from the same month a year ago, according to the latest data from the Southern California port. Throughput of loaded import containers rose 8.4 percent year-over-year to 312,376 TEUs for the month, while loaded exports surged 22 percent to 141,799 TEUs. Empty container volumes were also on the rise, climbing 7 percent to 164,264 TEUs compared with April 201...
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| Diana Containerships softens loss in Q1 |
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Monday, May 14, 2018
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Diana Containerships Inc.’s net loss for the first quarter of 2018 totaled $3.9 million, a sharp improvement from the net loss of $7.4 million for the first quarter of 2017.
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| NRF: U.S. container imports steady in March |
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Monday, May 14, 2018
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Major retail ports in the United States handled 1.54 million TEUs of containerized imports in March, a decrease of 0.7 percent compared with the same month a year ago, according to the latest monthly Global Port Tracker report by the National Retail Federation (NRF) and Hackett Associates. On a sequential basis, U.S. container imports fell 8.6 percent from February, according to the report, as a result of annual factory shutdowns in Asia for Lunar New Year. The NRF ...
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| Yang Ming loss deepens in Q1 |
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Friday, May 11, 2018
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Yang Ming Marine Transport Corp. had a total comprehensive loss of 2.14 billion New Taiwan Dollars (U.S. $71.89 million loss) for the first quarter of 2018, much deeper than the first quarter 2017 total comprehensive loss of NTD 1.25 billion, its latest income statement revealed . Net loss after tax totaled NTD 1.95 billion, compared to a net loss after tax of NTD 901.45 million for last year’s first quarter.
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| Port of Gothenburg volumes rise slightly |
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Friday, May 11, 2018
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The Port of Gothenburg in Southern Sweden handled 188,000 TEUs during the first quarter of 2018, up 3 percent from last year’s first quarter, when a labor dispute at the port’s container terminal bogged down volumes.
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| U.S. pressing India for wheat, rice market details |
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Thursday, May 10, 2018
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The U.S. government has asked the World Trade Organization’s Committee on Agriculture to press India to provide a clearer picture into its market price support for wheat and rice. The notification, which was submitted May 4, is the first of its kind to be filed with the Committee of Agriculture under the WTO Agreement on Agriculture.
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| Radiant posts double-digit revenues growth |
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Thursday, May 10, 2018
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Bellevue, Wash.-based Radiant Logistics recorded a net income of $700,000 for the third fiscal quarter, which ended March 31, down from $922,000 from the corresponding prior-year period, according to financial statements released Wednesday by the third-party logistics and multimodal transportation provider. The non-asset-based company’s revenues for the quarter rose 12.2 percent year-over-year to $203.9 million. Radiant CEO Bohn Crain said on the earnings webcast the double-digi...
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| Expeditors speeds past analyst expectations in Q1 |
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Thursday, May 10, 2018
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Expeditors International of Washington Inc. fared better than expected during the first quarter of 2018 as it benefited from a lower effective tax rate and higher ocean and airfreight volumes.
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| Virginia International Gateway growth continues |
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Thursday, May 10, 2018
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The Virginia Port Authority (VPA) on Saturday is planning to launch the Navis N4 terminal operating system at the Virginia International Gateway terminal (VIG) in Portsmouth, which is already in use at Norfolk International Terminals, Portsmouth Marine Terminal and Richmond Marine Terminal.
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| Deutsche Post DHL falls short of analyst expectations |
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Wednesday, May 09, 2018
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Deutsche Post DHL Group’s consolidated net profit for the first quarter of 2018 tumbled 6.2 percent year-over-year to 631 million euros (U.S. $748 million), according to the company’s latest financial statements.
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| BNSF Q1 earnings climb 37 percent |
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Wednesday, May 09, 2018
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BNSF, the last of the seven Class I railways to post its first-quarter earnings results, posted a net income of $1.1 billion for the quarter, up 37 percent year-over-year. Revenues totaled $5.6 billion, rising 8 percent from last year’s first quarter, thanks to a 5 percent boost in unit volumes.
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| U.S. trade deficit falls in March |
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Tuesday, May 08, 2018
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The U.S. trade deficit tumbled from $57.7 billion in February to $49 billion in March, fueled by an increase in exports amid a drop in imports, data from the U.S. Department of Commerce’s Bureau of Economic Analysis revealed.
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| IANA: Intermodal picks up steam in Q1 |
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Tuesday, May 08, 2018
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Growth in North American intermodal volumes accelerated in the first quarter of 2018 after showing healthy gains the previous year, according to the latest Intermodal Market Trends and Statistics report from the Intermodal Association of North America (IANA). Shipments for the quarter jumped 7.2 percent compared with the same three-month period a year ago, up from a 5.4 percent growth rate for the full year in 2017 and the fastest pace since the second quarter of 2014. &n...
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| Agility’s Q1 net profit jumps nearly 30 percent |
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Tuesday, May 08, 2018
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Agility’s net profit for the first quarter of 2018 jumped 29.8 percent year-over-year to KD 18.9 million (U.S. $62.5 million), the global logistics provider said Monday.
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| Container rates trending up after lengthy decline |
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Monday, May 07, 2018
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After a week in which two of the primary indices tracking container freight rates seemed to be telling two very different stories , both the Shanghai Containerized Freight Index and Drewry’s World Container Index gained ground on a sequential basis last week. The composite SCFI continued to rise, creeping up another 2.1 percent from the previous week after climbing 12.8 percent the week before, while the WCI surged 22.3 percent last week after slipping 1.9 percent two ...
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| Capacity in most modes ‘extraordinarily tight’ |
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Monday, May 07, 2018
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The North American freight market continued to show “accelerating strength” in March, according to the latest Cass Freight Index Report. Shipment volumes and expenditures extended a run of year-over-year increases that began 18 and 15 months ago, respectively, with volumes up 11.9 percent and spending up 15.7 percent compared with March 2017.
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| YRC Worldwide softens loss in Q1 |
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Friday, May 04, 2018
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Overland Park, Kan.-based YRC Worldwide Inc. recorded a net loss of $14.6 million for the first quarter of 2018, compared to a net loss of $25.3 million for last year’s first quarter as less-than-truckload demand holds strong. Consolidated operating revenues at YRC Worldwide totaled $1.22 billion for the quarter, up 3.8 percent year-over-year.
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| AAR: U.S. rail volume growth continues |
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Friday, May 04, 2018
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Total combined U.S. freight railroad traffic in April increased 5.1 percent to 2.15 million carloads and intermodal units compared with the same month a year ago, according to the latest data from the Association of American Railroads (AAR). U.S. railroads saw carload shipments climb 3.3 percent year-over-year to 1.05 million carloads for the month, while intermodal traffic rose 6.8 percent to just under 1.1 million containers and trailers. Fifteen of the 20 carload...
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| Hub Group revs up driver pay, capacity |
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Thursday, May 03, 2018
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Hub Group Inc. is tackling the ongoing capacity crunch in the trucking industry head-on by adding more trucks and containers as well as creating incentives to bring in more drivers. The multimodal transportation services provider is implementing pay increases to combat the driver shortage, Phil Yeager, the company’s chief commercial officer, said at IANA’s intermodal operations and maintenance business meeting in Lombard, Ill., Wednesday.
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| IATA: Air freight growth throttles back in March |
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Thursday, May 03, 2018
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Growth in global air freight volumes continued in March, albeit at a much slower rate. Cargo demand ticked up 1.7 percent for the month compared with the same 2017 period, down from the 6.8 percent year-over-year growth rate seen in February and the slowest pace in 22 months, according to the latest data from the International Air Transport Association. Growth in available air freight capacity also decelerated, from 6.3 percent in February to 4.4 percent in March, b...
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| Magnus starts term as NCBFAA president |
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Thursday, May 03, 2018
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Amy Magnus started her term as president of the National Customs Brokers & Forwarders Association of America on Thursday, after being elected to the role on Monday at NCBFAA’s 2018 Annual Conference in Rancho Mirage, Calif.
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