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 [...]
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 – [...]
Continuing labor negotiations between the Port of Montreal Employers Association and the port’s longshoremen ended this past Sunday, February 28th, without reaching an agreement. Concerns around a possible renewed labor strike taking place at the Port of Montreal are beginning to rise as the truce set between the two parties [...]
While the number of containers lost at sea had been trending down over the past few years, recently, more cargo has gone overboard during the past three months than the annual average, 779 containers a year, between 2017 and 2019. Just last week, the Maersk Eindhoven lost 260 containers overboard. [...]
Due to a severe winter storm, which began February 11th , a Federal Emergency Declaration was approved by the White House on February 14th for the State of Texas. Millions of Texans have been without power since early Monday morning and the outages spread beyond Texas into areas in Ohio, Mississippi, [...]
In the same way that many consumers today hold retailers accountable for accurate, step-by-step shipping and delivery information, industrial shippers have found themselves under the same level of pressure within the B2B setting. Sales teams no longer have to justify to companies why they should invest in advanced visibility tools, [...]
