West Coast Marine Terminal Operators Association (WCMTOA), the 12 marine terminal operators at the Ports of Los Angeles and Long Beach, announced the implementation of an updated, unified set of business rules targeted at reducing port congestion and improve overall efficiency. Nicknamed “PierPass 2.0,”the revised OffPeak program by PierPass Inc. [...]
On April 30th, the United States issued extensions and exemptions to preferred trading partners from the Section 232 steel and aluminum import duties. 30-day exemptions for steel imports have been issued to: Canada Mexico Australia Argentina South Korea Brazil European Union Post-June 1, full exemptions on steel imports will continue for: Argentine Australia [...]
As of April 22, 2018, international shippers seeking retroactive refunds for goods filed under the Generalized System of Preferences (GSP) will finally begin to see reprieve as the bill goes into effect. To expedite refunds, importers should verify their mailing address in the Automated Commercial Environment (ACE), including their Automated [...]
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After two weeks of heavy fog covering Shanghai and the Yangtze River Delta area, visibility is finally clearing up. Operations at both WaiGao Qioa & Yangshan terminals in Shanghai are gradually resuming after almost 1,550 barges and ships have been delayed due to the weather. The Shanghai Maritime Safety Administration [...]
As the first quarter comes to a close, airfreight capacity is becoming strained in some fast-growing, region-specific markets. Similar to the issues shippers are experiencing at U.S. ports, air carriers are struggling to position equipment on imbalanced trade lanes to meet increasing demands of ecommerce and industries such as pharmaceuticals. [...]
It’s a trucker’s market in the U.S. as shippers levy tenured relationships and throw around their freight weight to push for containers to be picked up at congested ports, amidst a driver shortage and under new legislative time restrictions. Chassis availability and equipment positioning issues have further strained the domestic [...]
Economies hang in the balance as China and the United States begin a tit-for-tat dance on the international stage over technology and international property rights. The Office of the U.S. Trade Representative (USTR) published the list of approximately 1,300 proposed products imported from China that may be subject to additional [...]
On Monday, April 2, 2018, China announced import duties on U.S. goods such as pork, fruit, nuts, wine, ginseng, aluminum, ethanol and pipes. Responding within World Trade Organization (WTO) guidelines, the retaliatory measure by the United States’ largest trading partner comes as a swift response to Washington’s March 8thexecutive order [...]
On Wednesday, March 23rd, the U.S. approved passage of $1.3 trillion omnibus spending bill that would keep the government operating through September. Passing in both Senate and House, the bill included extension of the Generalized System of Preferences (GSP) through December 31, 2020. A relief for many importers, who’ve been [...]
