Trump to Increase Tariffs on Imports From Mexico

Posted on May 31, 2019. Category: Trade Publications

On May 30th, in order to address immigration issues on Southern Border, President Donald Trump announced a tariff increase on all goods from Mexico. The rate increase will start on June 10, and the rate will get progressively higher every month if the immigration crisis persists.On June 10 the rate will increase 5% and then will go up another 5% at the beginning of each month, until it reaches 25% on October 1.There has not been a federal register notice yet, but there should be one soon that would help outline the scope of these new tariffs. Some issues to... Read More

Don't Let This Tax Break Blow By

Posted on May 15, 2019. Category: Tax Publications

On May 3, the 2019 Florida House Bill 7123 passed, bringing several tax savings to families and businesses across the Sunshine State. The bill is expected to save taxpayers over $120 million in taxes paid for these qualifying items in 2019. While the renewed “Back to School” Sales Tax Holiday has been long standing, this will only be the second year of the Disaster Preparedness Sales Tax Holiday.Hurricane season in Florida officially begins on June 1st and ends on November 30th. With its arrival comes a week-long tax break on many important hurricane preparedness items, which starts on May 31st extending until... Read More

Gas Spill Causes Port of Houston Delays

Posted on May 14, 2019. Category: Logistics Publications

A collision outside of the Port of Houston between a 755-foot commercial tanker and two barges caused delays and congestion in the port of Houston the weekend of May 11th. Parts of the Houston shipping channel remained closed through the weekend while the U.S Coast Guard and Galveston County authorities attempt to contain the hazardous spill.Initial Estimates states that up to 25,000 barrels of reformate, a refined gasoline product, were released into the Gulf of Mexico. The smell of gasoline can be detected both in the shipping channel as well as the surrounding land area. 46 container ships were... Read More

Dangerous Goods

Posted on May 06, 2019. Category: Logistics Publications

Are you shipping dangerous goods and labeling your cargo correctly? Incorrect labeling and packaging can be deadly. March 10th marked the fourth container ship fire in four months. These fires have destroyed ships and cargo in addition to costing companies millions of dollars. This is a very serious situation - lives have been lostGerman container line, Hapag-Lloyd AG states, it gets “around 3,000 undeclared or mis-declared bookings a year.” Officials have discussed if stricter penalties will help, but Hapag is among those who do not believe that it would make a difference. Unfortunately, people... Read More

Say Goodbye to your EX (Works) - Proposed changes in Incoterms 2020

Posted on May 02, 2019. Category: Trade Publications

Since 1919 the International Chamber of Commerce (ICC), has been committed to the facilitation of international trade. With the different practices and legal interpretations between traders across the globe, it was vital to establish a set of guidelines; thus, the first set of incoterms came to be in 1936. Since the inception of these terms, the ICC has been committed to updating these incoterms every 10 years to ensure relevance and compliance.With over a quarter of 2019 gone, the trade world is preparing for a decade of new incoterms. On January 1st, 2020, the trade terms we have grown accustomed to over the past 10... Read More

How Collision Avoidance Systems are Improving the Transportation Industry

Posted on May 01, 2019. Category: Logistics Publications

On February 4 the National Transportation Safety Board (NTSB) released the Most Wanted List of Transportation Safety Improvements for 2019-20. This list identifies the biggest safety improvements that can be made across all modes of transportation, including highway, pipeline and hazardous materials. According to the NTSB, instillation of collision avoidance technologies should be a standard practice among automobile and truck manufactures.Sentential Transportation started incorporating Collision warning systems into its trucks in 2004 and by 2018 had the safety feature in 88% of their fleet. Todd Potter, Vice President of safety for Sentinel, said “Technology is good, Technology works. However, there are things... Read More

2019 Toxic Substance and Chemical Act (TSCA) Changes

Posted on April 30, 2019. Category: Trade Publications

The Toxic Substance and Chemical Control Act of 1976 addresses the “production, importation, use, and disposal of specific chemicals including polychlorinated biphenyls (PCBs), asbestos, radon and lead-based paint.”  In 2016, the Customs and Border Protection and the U.S. Environmental Protection Agency (EPA) proposed changes to the act that would add formaldehyde emissions in wood and wood products to the list of products requiring TSCA compliance measures. On December 12th, 2016 the EPA issued a list of Harmonized tariff codes that would be subject to the new changes. In summary, it was agreed any product entering the... Read More

U.S. and China Tariff Hikes are Yikes

Posted on April 16, 2019. Category: Trade Publications

After months of speculation and debates, the negotiations between two powerhouse countries, the U.S. and China, seem to be heading towards a deal. The road to a deal has not been an easy one for either economies.  At the beginning of 2018, the Trump administration initiated the tariff battle by placing $250 billion on Chinese imports. China fired back with a $110 billion on the U.S. thus beginning the trade war.While there has been some positive progress, there are still numerous uncertainties.Before Thursday’s meeting, President Trump stated, “And I would think [within] the next four... Read More

Keep On Truckin'... Please

Posted on April 09, 2019. Category: Logistics Publications

Everything we produce or consume is transported somewhere, and everything will at some point travel by truck.  The issue however, according to Kevin Burch, president of Dayton Trucking, is that shipping tonnage is up, while the number of truck drivers is down. William Cassidy, senior editor of JOC.com stated,“This year, the availability of drivers, rather than trucks, will determine how tight truck capacity gets in the U.S.  Truck manufacturers are expected to churn out hundreds of thousands of Class 8 tractors ordered last year, but where are the men and women who will drive those... Read More

What Can Go Wrong in Logistics?

Posted on April 05, 2019. Category: Logistics Publications

In the ever-evolving business world, supply chain management is one of the biggest contributors to a company’s success.  Due to the diverse and fast-growing market, logistics can certainly be a challenge. A successful supply chain has different characteristics and mandatory steps (such as documentation, customs information, etc) to ensure cargo can move.  These steps work like the gears in a clock – all need to work together or a shipment may have unforeseen delays.Some events that regularly cause setbacks are:Failing to comply with certifications and requirements for imports Transport companies having low flexibility on... Read More

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