Demand for air cargo surged in Asia, the Middle East, and India. The volume spike began in May 2024 driven by the ongoing disruptions in global container shipping. As shippers find it increasingly difficult to secure space on container vessels, they turn to air cargo freight solutions. VOLUMES TRENDING UP [...]
The Port of Nevada officially opened this month. Its first container was received on June 3rd. Located in Fernley, 30 minutes east of Reno, the 224-acre inland port handles imports and exports between northern Nevada and the Port of Oakland. The President of the Port of Nevada, Stuart Lichter, emphasized [...]
FRANCIS SCOTT KEY BRIDGE COLLAPSE Since the collapse of the Francis Scott Key Bridge on March 26, 2024, the Port of Baltimore has been closed to ocean vessels. Salvage teams continue to work around the clock to clear the channel of obstructions. In a statement released on Wednesday, the Unified [...]
On May 31, 2024, the Court of International Trade (CIT) stated that the duty drawback claim liquidation timeframes are defined by the end of the protest timeframe. The case issues clear guidelines on the conditions under which duty drawback claims become deemed liquidated, which could potentially have significant implications for [...]
The Office of the U.S. Trade Representative (USTR) recently announced the extension of 164 Section 301 tariff exclusions through May 31, 2024, while the remaining 265 exclusions expire on June 14, 2024. Initiated under Section 301 of the Trade Act of 1974, these tariffs are trade measures imposed by the [...]
UFLPA EXAMINATIONS SINCE IMPLEMENTATION According to the UFLPA Data Portal, since June 2022, U.S. Customs Border Protection (CBP) has investigated over 8,400 shipments and denied almost 3,400. The total declared value of all shipments investigated passes $3.3 billion, of which $680 million was denied. These denied shipments were found to [...]
A surge in global e-commerce is transforming international trade - creating real challenges and prompting discussions about Customs’ de minimis rule that exempts low-value shipments from import duties and taxes. Established to facilitate trade, this rule is sparking debates regarding its impact on counterfeiting, forced labor, and the economy. Earlier [...]
The World Shipping Council (WSC) is looking to submit a proposal for a new global green fuel pricing mechanism which would encourage a shift from fossil fuels to greener alternatives from ocean carriers. This proposal would have to figure out a way to work alongside or replace the current Emissions [...]
As the automotive sector in North America continues to evolve under the guidelines of the United States-Mexico-Canada Agreement (USMCA), stakeholders are offering insights and recommendations to address ongoing challenges. Ahead of the upcoming annual report by the Office of the U.S. Trade Representative (USTR) on the impact of USMCA rules, [...]
Since December 21st, the Federal Maritime Commission (FMC) has granted seven emergency waivers to container lines, allowing for the rapid implementation of surcharges on ocean freight tariffs, bypassing the customary 30-day notice period. These surcharges aim to offset the increased operational costs incurred by ocean carriers diverting from the Suez [...]
