During the peak of the pandemic, free time extensions were granted within service contracts between ocean carriers and shippers. As demand and cargo volumes increase, these extensions are becoming less manageable from an ocean carrier standpoint. Free time extensions are expensive given the use of space, adding to delivery problems [...]
WEEKLY FREIGHT MARKET UPDATE Green Worldwide Shipping's Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com. As Green [...]
U.S. Customs and Border Protection (CBP) recently announced their collaboration with government agencies to pilot a single identifier solution called the GBI program – Global Business Identifier. The pilot works to create current trade processes in order to provide the U.S. Government with higher quality data to optimize the facilitation [...]
"Our nation’s rail system is literally the backbone of our supply chain, as you all well know. And so much of what we rely on is delivered on our rail, from clean water to food and gas and every — every other good. A rail shutdown would have devastated [...]
WHAT DO I NEED TO KNOW ABOUT THE UPCOMING SEC REGULATIONS ON GHG EMISSIONS AND HOW MIGHT IT AFFECT MY COMPANY’S OPERATIONS? Earlier this year, the U.S. Securities and Exchange Commission (SEC) proposed a new rule designed to enhance how companies disclose potential climate-related impacts on their business. This [...]
WEEKLY FREIGHT MARKET UPDATE Green Worldwide Shipping's Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com. [...]
U.S. HOUSE BLOCKS RAIL STRIKE Today, the U.S. House of Representatives voted to block a nationwide rail strike by imposing a labor contract weeks before a threatened labor stoppage would impact the economy. The resolution, H.J. Res. 100, seeks to prevent a freight shutdown estimated to cost the U.S. [...]
COAC REJECTS VESSEL MANIFEST DATA CONFIDENTIALITY PROPOSAL In a report released this week, the Commercial Customs Operations Advisory Committee (COAC) announced it will not proceed with a proposal to automatically make ocean vessel manifest data confidential. This decision is one of several under the 21st Century Customs Framework (21CCF) [...]
U.S. EXTENDS SECTION 301 COVID-RELATED AND MEDICAL PRODUCT TARIFF EXCLUSIONS The Office of the United States Trade Representative (USTR) announced today that the Biden Administration is extending Section 301 Tariff exclusions on 81 medical and COVID-related products. The exclusions were set to expire on November 30, 2022, but now extend through February [...]
CBP FORCED LABOR BENEFITS ADDED TO CTPAT TRADE COMPLIANCE PROGRAM Effective November 18, the Customs-Trade Partnership Against Terrorism (CTPAT) offers new forced labor benefits to its CTPAT Trade Compliance partners (Partners). "[We are] excited to announce the addition of three benefits for its Partners," said Manuel Garza, Jr., Director [...]
