Marked by blanked sailings, the weeks before and after the Lunar New Year have historically helped build demand after peak, holiday shipping. But in 2019, demand has been strong. So strong, that rates to both U.S. coasts have risen by double-digit percentages. Granted, this has mostly been strategic inventory front-loading in [...]
Section 301 Exclusions Won’t be Implemented by CBP Until Government Shutdown Ends “At the conclusion of the government funding hiatus, CBP will issue instructions on entry guidance and implementation,” Customs & Border Protection (CBP) has advised. Once the government shutdown is ended, the updates to ACE on the exclusions will implemented [...]
As the New Year brings fresh resolutions and opportunities, shippers are coming face-to-face with tighter capacity and higher rates on Pacific trade lanes. Spot rates from Asia increased for the second week in a row as we brought in 2019, and the industry has begun bracing for the Lunar (Chinese) [...]
As reported earlier this month, U.S. West Coast terminals in Los Angeles and Long Beach are experiencing heavy volumes and severe congestion that is expected to last through the upcoming Lunar (Chinese) New Year. 5 TOP CAUSES OF U.S. WEST COAST CONGESTION 1. EQUIPMENT & CHASSIS For West Coast supply [...]
As reported in United States and China Call 90-Day Tariff Truce, the leaders of the United States and China met on December 1, 2018, and agreed to hold negotiations on a range of issues, including those covered in this Section 301 investigation. The December 1st statement notes that the U.S. President [...]
Recent events have created a dislocation of chassis in LA/LB Port complex and in part, is due to the lingering effects of the Typhoon in the Eastern Pacific. According to the figures provided, there will be 12 extra loader vessels and 3 up-sized vessels calling the LA/LGB port complex over [...]
On Saturday, December 1, 2018, U.S. President Donald Trump and Chinese President Xi Jinping met in Argentina for the G20 Summit to discuss the ongoing battle between the international trading giants. To date, the United States had threatened to implement a final round of 25% tariffs on remaining goods imported [...]
On November 20, 2018, United States Trade Representative released a 53-page report updating information on its Section 301 investigation of China’s acts, policies, and practices related to technology transfer, intellectual property and innovation. “We completed this update as part of this Administration’s strengthened monitoring and enforcement effort,” Ambassador Robert Lighthizer said. [...]
Three fast-moving wildfires have raged across California within the past week wreaking havoc on millions of lives. One of them, Camp Fire, has destroyed Paradise, California and leveled the town’s 26,000 homes, leaving most the residents homeless. The wildfire has become the state’s deadliest and most destructive fire in California’s [...]
As the January 21st deadline for Prime Minister, Theresa May, to send a completed Brexit deal to Parliament marches closer, shippers are tensely bracing their supply chains and clamoring for guidance before the March 29th official UK exit from the European Union. JANUARY 21, 2019: PARLIAMENTARY DEAL DEADLINE MARCH 29, 2019: UK [...]
