Serving credit professionals ...since 1899 |
|
Click below for a welcome to the second half of summer |
|
|
|
We are pleased to provide a way for you to support relief efforts for Maui by contributing to the Hawaii Community Foundation.
Founded in 1916, HCF is a strong and well-connected organization committed to delivering meaningful impact that will benefit Hawaii. Proof of this mission is HCF's "Maui Strong Fund" that has already raised more than $35 million for the island and Lahaina.
To make a gift or for more information, please click on the image or the link below. Thank you for your support.
|
|
|
|
|
Saltchuk, headquartered in Seattle, is a privately owned family of diversified freight transportation, marine service, and energy distribution companies. They have has stepped up in a big way to support Maui relief efforts. Most of its operating companies are members of NACM, so we are pleased to salute them and their great work.
|
|
|
A few days ago, Jamie Kim Manager of Revenue Accounting for Saltchuk Aviation Services sent this email to NACM:
"Aloha Air Cargo has flown supplies for free equating to over 250,000 lbs. We have moved staff to Maui to assist with receiving the air freight and have added flights to our schedule to accommodate charter requests. We had to end the offer of free shipping to residents wanting to send supplies to friends, family and loved ones as our warehouse was completely full. The outpouring from everyone is really impressive and Aloha spirit is alive and well beyond our shores."
From the company: "During the past week, Saltchuk’s Hawaii companies have worked tirelessly to attend to their colleagues and community in the aftermath of the devastating wildfires in Hawaii. We are grateful to report that all team members are safe, and miraculously, the fire spared the Minit Stop/Ohana Fuels store just above the historic Lahaina town center. Thankfully, Maui’s air and seaports have been unaffected, allowing air cargo and barge access without interruption.
The Hawaii teams’ quick response in partnering with local and federal agencies is commendable. Young Brothers, Aloha Air Cargo, and Naniq have worked tirelessly to ensure supplies make it to Maui as quickly as possible. Hawaii Petroleum restored fueling operations this last weekend in Lahaina, providing critically needed fuel for generators and emergency services. We want to recognize the commitment and dedication of the people who make it possible.
There has been an outpouring of concern for our teams in Hawaii. While we count our blessings that everyone is safe and accounted for, we are sobered to report that approximately 18 of our Saltchuk family lost their homes and belongings in the wildfires."
|
|
As we continue to hear from other members and customers, we pass along their reports and approaches to assisting in the monumental task of providing relief to the Maui people and help in rebuilding Lahaina. |
|
|
|
"Aroma of Tacoma" to become footnote in history? |
The "smell of money" may be become a thing of the past as WestRock's Tacoma paper mill is set to close in September due to high operating costs and need for capital investment. The mill employees 400 people.
With roots going back to 1888 and the Northern Pacific Railroad, the mill has been part of the Tacoma waterfront for more than a century.
|
|
|
|
|
Washington Real Estate Update |
Housing supply levels are unlikely to improve enough to meet demand until rates drop significantly.
According to Windemere's in-house economist, prices can be expected to rise modestly as we move through the second half of 2023. Rising list and sale prices, shorter time on market, and higher pending and closed sales will all offset higher mortgage rates.
|
|
|
|
|
Alaska Real Estate Update |
While the housing market in Alaska is showing signs of warming up, it is still threatened by a possible rise in interest rates and a housing market recession.
|
|
|
|
|
Hawaii Real Estate Update |
O'ahu Home and Condo Markets Cool in June
Sales and median prices dip, but pace of sales remains relatively quick.
According to resales figures released today by the Honolulu Board of REALTORS®, the monthly median sales price for both single-family homes and condos fell 4.5% year-over-year.
|
|
|
|
|
Washington's Aging Ferries |
As Washington's ferry fleet ages, why aren't we building new boats? The Seattle Times looks at the challenges of producing new vessels in a state that has several of its own limitations, a century-old Federal law, and questionable management.
|
|
|
|
|
Norwegian Cruise Line Is Moving Its Built-for-China Ship to the U.S. to service Alaska |
“China’s a good market. But it’s not as good as Alaska.” NCLs newest ship comes to the Northwest in 2025 operating out of Seattle and heading north to Alaska.
|
|
|
|
|
Hawaii Visitor Numbers Continue to Increase |
According to preliminary visitor statistics released by the Department of Business, Economic Development and Tourism (DBEDT), a total of 801,569 visitors arrived in the Hawaiian Islands in May 2023, a 3.2 percent increase from May 2022. When compared to 2019, the benchmark year prior to the COVID-19 pandemic, this represents a 94.6 percent recovery in total visitor arrivals from May 2019.
(This data was released prior to the Maui wildfires)
|
|
|
Washington leads the nation in fuel prices.
Enter Washington State Senate Bill 5126—passed in 2021, this bill is part of an ambitious package of legislation that is aimed at cutting emissions in Washington State by up to 50% in the next nine years. It’s a wonderful goal, of course, but it comes with a downside.
As of January 1, 2023, Washington State’s gas tax increased by $0.46 to $0.95 per gallon. The tax will continue to rise, with the goal being a total increase of $0.80 a gallon by 2030. The aim of this is to drastically cut emissions, which is an important priority on a global level—but takes a major toll on Washingtonians’ wallets.
Below is the average statewide price per gallon as of August 18, 2023.
Prices vary by location. Seattle - $5.19; Anchorage - $4.45; Honolulu $4.67
Source: AAA
|
|
|
|
The First 10 Commandments of Commercial Credit & Supply Chain Issues
Christopher Ng, Attorney at Law
10.12.2023 @ 12:00-1:00 PDT
|
Chris is nationally recognized in the field of construction law and regularly pens articles and contributes to treatises for construction industry professionals and other lawyers. He will offer guidance on credit and supply chain impacting companies everywhere today.
|
|
|
|
|
|
The Federal Miller Act
11.02.2023 @ 12:00-1:00 PDT
|
If your company is doing business involving government contracts, you will want to know more about The Miller Act.
The law requires prime contractors on some government construction contracts to post bonds guaranteeing both the performance of their contractual duties and the payment of their subcontractors and material suppliers.
Join Greg Gillis, attorney with Sacks Tierney, as he explains what can be a confusing piece of law.
|
|
|
|
|
Lien Law Seminar
David Linville, Attorney at Law
November 9 @ 10:00 - 2:00
Hotel Interurban, Tukwila, Wa
- Regular Member Registration – Price: $150.00
- Non-Member Registration – Price: $175.00
|
Whether you are new to credit or a veteran, our Lien Law Seminar is always a valuable learning tool to stay up on the intricacies of the law. Also, learn about any changes that may have been made in recent years.
David Linville makes the law clear and understandable during what is always an interesting seminar. Lunch is included. Register now!
|
|
|
IT'S TIME FOR ALL OF US TO
COME BACK TOGETHER
|
|
|
|
Look for registration info soon!
Save the following dates. More details to come!
October 19 - Seattle Credit Forum
Doubletree Hotel, Tukwila, WA
December 5 - Alaska Holiday Forum
Hilton Hotel, Anchorage, AK
January - Hawaii Winter Credit Forum
Details to come
|
|
|
|
The Experts are back! Click the photo below for the latest.
|
|
 |
Industry Groups
Puget Sound Area
Tuesday, 9/19
11:30 HVAC
Location: Online
Wednesday, 09/20
11:30 Tacoma Construction
Location: Poodle Dog/Online
11:30 Food
Location: Dukes/Online
Thursday 9/21
11:30 Seattle Area Suppliers
Location: Online
11:30 WS
Location: Dukes/Online
Alaska
Wednesday, 9/20
1:00 (AKDT) Alaska Suppliers
Location: Online
Hawaii
Friday, 9/21
11:30 (HT) Hawaii Hospitality
Location: Mac 24 7 /Online
11:30 (HT) Hawaii Building
Location: Waikiki Yacht Club / Online
|
|
|
|
Conferences - Save the Dates
Western Credit Conference
Sept 21-23, 2022
San Diego, CA
CreditScape 2022
Sept 21-23, 2022
Las Vegas, NV
|
NACM BCS Seattle Credit Forum
October 19, 2023
Details coming soon
NACM BCS Alaska Holiday Forum
December 5, 2023
Anchorage, AK
Details coming soon
NACM BCS Hawaii Winter Forum
Details coming soon
|
|
|
|
This month we are so excited to welcome our new team member, Tracey Meyer! Tracey will be working with all of you in Customer Care and will greet you when you call.
Let's get to know her better...
Where are you from, originally?
Born and raised in the Pierre, SD.
How long have you been with NACMBCS?
A great 2 weeks so far!
What do you like most about your job?
The people I work with. Everyone is so fun and supportive.
Where did you work previously?
The wine distribution industry
Do you like dogs?
Yes!
What's your favorite dessert?
German Chocolate Cake.
|
|
|
|
Are you trying to fill a position? Use our Job Center! |
Take advantage of the Job Center at nacmbcs.org. If you're having trouble filling a position in your company, use this opportunity to reach a lot of people!
It's easy to post an opening. Just fill out the form. After that, the most viewed part of our website will get attention to your needs.
Best of all, it's a free service that comes with membership in NACM BCS.
|
|
|
NACM Business Credit Services
|
Serving commercial credit professionals.
Since 1899
|
|
|
|
|
|
|
|
