Ground service providers are responding to the enormous bottleneck at Chicago O'Hare by permanently transferring some warehouse operations outside the property, thereby expanding capacity. Adding supplemental facilities further away from the airport goes against the conventional business paradigm of processing loads close to the plane to allow for quick handoffs, [...]
For over two weeks, International Container Terminal (YICT) in Yantian, China has been experiencing severe delays, citing that the impact of both carrier vessel schedules and reported COVID outbreaks, are leading to a supply chain disruption greater than the Suez Canal grounding back in March of this year. Issues have [...]
Duty drawback is an international compliance program that allows for the refund of Customs duties paid on imported merchandise when the products have been subsequently exported or destroyed. This program was established in 1789 to promote exports by means of offering duty refund when imported merchandise [...]
Terminal operators at the ports of Los Angeles and Long Beach are worried that longer rail container dwell times at their facilities will jeopardize their ability to accommodate import volumes during what is expected to be an early peak season this summer. Rail Power Challenges The longer containers sit at [...]
Last Friday, May 14th, the Mississippi River reopened after all traffic was stopped three days earlier, due to a crack found on the Interstate 40 bridge. The shutdown led to a pileup of about 1,000 barges, impeding shipments of goods such as corn and soybeans as well as imported steel [...]
Although these two terminologies appear similar at first glance, they actually differ in meaningful ways and serve very different purposes. TIB A Temporary Importation under Bond, or TIB, is used to bring goods into U.S. commerce without payment of duty when they are not intended for [...]
