ACSA Along with 100 Supply Chain Participants Share Testimony on Congestion in the Memphis Marketplace

On August 11th, ACSA leaders including Buddy Allen of American Cotton Shippers Association, Michael Symonanis of Allenberg Cotton Co., Donna Lemm of IMC Companies, and Neely Mallory of Mallory Alexander International Logistics participated in a Federal Maritime Commission Memphis Supply Chain Stakeholder Meeting led by Commissioner Rebecca Dye. Over 100 stakeholders participated in the meeting including FMC Chairman Dan Maffei, Surface Transportation Board (STB) Chairman Martin Oberman, STB Board Member Patrick Fuchs, and key Congressional staff. In the meeting participants share testimony regarding supply chain congestion in the Memphis marketplace and the impact on their companies. Following that, Buddy shared a potential legislative solution by creating an interoperable, grey pool pilot in Memphis. Meeting summary below. Whitepaper created by the Memphis Supply Chain Innovation Team that discusses the problem and potential solution can be found below.

Meeting Summary Here

Whitepaper here

More Advocacy Issues

Yesterday, the Commodity Futures Trading Commission’s (CFTC) Agriculture Advisory Committee, led by CFTC Chairman Rostin Behnam, held a meeting to discuss three main topics: futures margining and the agricultural markets, the impact of Russian-Ukrainian war on wheat futures prices, and global events impact on the futures market. ACSA President and CEO Buddy Allen took the […]

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Yesterday, the Senate Banking, Housing and Urban Affairs Committee held a hearing on “AnnualOversight of Wall Street Firms,” which centered around the Basel III Endgame Proposal. ACSA recently signed onto a letter stating our opposition to the proposal. Republican Members and witnesses alike generally stated that the proposal’s capital requirement increases will create a burdensome […]

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Below, Delta Strategy Group shared an overview on where things stands in Washington, D.C. when it comes to the status of a government shutdown and the recent removal of Kevin McCarthy (R-CA) as Speaker of the House. In September, Congress reached the brink of a government shutdown due to conflicts within the Republican party. Members […]

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Please click here for the Comments on the Supplemental Notice of Proposed Rulemaking Establishing the Definition of Unreasonable Refusal to Deal or Negotiate with Respect to Vessel Space Accommodations Provided by an Ocean Common Carrier.

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On December 7, 2022, Commodity Futures Trading Commission (“CFTC”) held an Agricultural Advisory Committee (“AAC”) meeting to discuss topics related to the agricultural economy and recent developments in the agricultural derivatives markets. ACSA President/CEO Buddy Allen and Chairman Tommy Hayden of Louis Dreyfus Company both serve on the committee. Summary here.

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On September 14th, the House Ways and Means Committee held a hearing titled, “The Future of U.S.-Taiwan Trade.” There were four witnesses, including Texas Farm Bureau President Russell Boening. Summary here.

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