Mega-Merger in the Works Between Two Historic Railroads, Canadian Pacific & Kansas City Southern
On March 21st, Canadian Pacific Railway (CP) announced that they have entered into an agreement to merge with Kansas City Southern Railway (KCS). When finalized, the result will be the first rail network connecting Canada, the U.S. and Mexico. The proposed new name for the company is Canadian Pacific Kansas [...]
FAQ: Which Countries Require ISPM 15 Compliance for Wood Packaging Materials?
ISPM 15 BACKGROUND Packaging used in international trade that is made of raw wood materials such as pallets or wooden crates can house small insects or other pests which presents a major issue if left unregulated. To prevent the possible spread of quarantine pests and plant [...]
Trans-Atlantic Demand Grows Along with Space and Equipment Limitations
Until recently, major volume shifts and spikes in rates were issues primarily affecting east-west trade. Trans-Atlantic demand is now growing fast; however, container imbalances and poor service reliability have caused backlogs in the supply chain globally. Container Imbalance When trade between China and the U.S. picked up in the second [...]
ITC Releases New 2021 Basic Edition of the Harmonized Tariff Schedule, Three Main Updates
On March 15, the International Trade Commission (ITC) released the new 2021 Basic Edition of the U.S. Harmonized Tariff Schedule (USHTS). What is the Harmonized Tariff Schedule? The Harmonized Tariff Schedule of the United States (HTS) was enacted by Congress and made effective on January 1, 1989, replacing the [...]
FAQ: When is an FPPI POA needed and why?
When a seller based in the United States decides to sell goods to a buyer in another country, these parties are typically referred to as the U.S. Principal Party in Interest or USPPI (seller) and the Foreign Principal Party in Interest or FPPI (buyer). The Code [...]
Shippers Concerned with Carrier Reliability in 2021
As shippers adjust and finalize their business strategies for 2021, they are finding the international transportation industry facing grave uncertainties as many new and challenging market conditions shape a very different landscape from any that supply chain professionals have experienced in the past. Setting long-term plans is typical at this [...]
FAQ: Can I Get a Refund on my Duties Paid if I Export the Same Product?
Theoretically, yes, provided that duty drawback requirements are satisfied. Duty drawback was established in 1789 to promote exports by means of offering duty refund when imported merchandise has been exported. Since then, the program has been modified and modernized, however, the fundamentals remain the same – [...]