The Biden administration is expected to begin revising the de minimis rule as early as December 2024. This rule currently allows imports valued at under $800 to bypass import taxes.
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Foreign Trade Zones (FTZs) offer powerful benefits for businesses, particularly those involved in global supply chains. By enabling companies to defer, reduce, or eliminate Customs duties on imported goods, FTZs help lower operational costs and improve competitive edge.
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As tensions escalate between Israel and Hezbollah, maritime security firm Ambrey has issued a warning regarding the increasing dangers for vessels operating in the Eastern Mediterranean.
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A major port strike by the International Longshoreman Association started earlier this week, disrupting trade and causing major daily economic losses for the United States and its international trade partners.
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The port city of Hodeidah has recently become the epicenter of escalating attacks on vessels navigating the Red Sea corridor, a region that has faced increased Houthi aggression in recent months.
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Global trade is on edge as three significant labor strikes threaten to disrupt critical industries worldwide. From India's port workers to Canada's railways and potential unrest at U.S. ports, these strikes could severely impact the flow of goods and strain economies globally.
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In today’s volatile international trade environment, implementing contingency plans for your freight shipments is more crucial than ever. As many companies experienced during the recent COVID-19 pandemic, having multiple strategies in place to facilitate the movement of essential products can be the difference between staying in business and closing your doors.
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With the ongoing disruptions in the Red Sea caused by the Houthis and other hostile actors, shipping companies are seeking innovative routes to ensure the uninterrupted movement of goods for their clients.
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The Red Sea region continues to face a significant crisis that severely affects global shipping routes and causes trickle-down issues throughout the logistics industry. Since November, the conflict caused by Yemen-based Houthis has disrupted the container shipping sector, leading to increased transit times and overall freight costs.
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A recent article in Freight Waves highlighted a federal judge's ruling on the Manhattan congestion pricing plan, which went into effect last month. First, what exactly is the Manhattan congestion pricing plan?
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In a recent piece for Yahoo Finance, Deborah Weitzman shed light on an emerging trend among European retailers: they're stocking up on Christmas inventory earlier than ever. Why? Two key reasons.
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This year has seen a significant increase in global conflicts, notably the war between Russia and Ukraine and ongoing tensions in the Middle East. While the human toll and geopolitical implications are often discussed, one critical aspect that is frequently overlooked is the impact on marine insurance for cargo containers.
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Importing goods into the United States can be a complex process, and any missteps can lead to significant delays and unexpected expenses. To ensure a smooth and efficient import experience, it’s crucial to understand and comply with key regulations. Here are some essential tips to help you avoid costly mistakes and navigate the import process successfully.
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More than three years have passed since the expiration of the Generalized System of Preferences (GSP), America's foremost trade preference program. Since its inception in 1974, the GSP has granted duty-free treatment to export specific products from developing nations into the United States. Now, the halls of Congress are once again buzzing with discussions about its revival.
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Last month, on Tuesday, March 26th, a cargo ship leaving the Port of Baltimore struck the Francis Scott Key Bridge, causing it to collapse. This incident took place in the middle of the night, drastically reducing casualties, but unfortunately, six road crew workers lost their lives in this accident.
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Chinese/American tensions are back on the rise as we continue down a path of bullish global relations. These heightened tensions are continuing to affect the global supply chain and the environment of international trade.
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Recently, our international partners received an official notice from Israeli international cargo shipping company, ZIM, indicating an extra surcharge of $240 per 20’, $300 per 40’ DV/HC/RF/RH, and $380 per 45’ as the new standard for PCA charges (Panama Canal Adjustment Factor), effective January 1st, 2024.
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Interesting news coming out from California this month as regulators unanimously vote to ban new diesel big rigs by 2036 and mandate all trucks to be zero-emission by 2042 in the state. With much resentment from the automobile and shipping industries, this new regulation will be implemented in the not-so-distant future.
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With the year coming to an end, budgets and finances are at the forefront of everyone’s minds. And, for those in the importing and exporting industries, there is a very good reason to keep them there. We’re talking about the controversial Port of Los Angeles and Port of Long Beach container excess charges.
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Before you get your next big shipment underway, take some time to make sure that you understand the benefits of transloading. Check out our article to learn more about the benefits. If you still have any questions or need a hand with your translating needs, don’t hesitate to reach out.
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