How to Save Your Company Import Costs in the New Year

Posted on November 10, 2015. Category: Trade Publications

As the New Year draws closer, it is time to look at the savings goals for your company’s yearly imports. There are several different ways to save on import transaction, but identifying the right strategy that benefits your business is the key to successfully meeting your savings goal budget for the year.Free Trade AgreementsFree Trade Agreements are a good source for minimizing duties and taxes on imported goods. Reviewing entry data from the previous year and analyzing where goods are being importing from, what is the country of origin of the goods, and how much duty...

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Maeslantkering (Maeslant Barrier)

Posted on November 05, 2015. Category: Logistics Publications

The Maeslantkering is a storm surge barrier, which was built in the Rotterdam Port between 1991 and 1997. It is located at Hoek van Holland - on the New Waterway connecting Rotterdam with the North Sea. The construction of Maeslantkering was a part of the Europoort Project, which was the final stage of a series of projects in the southwest region of the Netherlands created in order to protect a large area of land from the sea, also called Delta Works. It consists of dams, dykes, locks, and barriers.The construction consisted of two steel gates, which are 22 meters high and 210 meters...

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Migrant Crisis Influences European Transportation

Posted on November 02, 2015. Category: Logistics Publications

In the last couple of months, Europe has been facing an enormous influx of migrants that has also affected the transportation industry. Problems began to appear at the beginning of the summer as thousands of migrants were trying to cross the English Channel from Calais, France. As a result, the Eurotunnel, as well as the ferries, were often stopped or delayed. The truckers were forced to wait for hours to board or to be rerouted via other French, Belgian or Dutch ports. Due to these inconveniences, there were increased costs to hauler companies including the penalties for not delivering the...

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Prepping Your Shipment for Ocean Transit

Posted on October 23, 2015. Category: Logistics Publications

Over the years, the movement of freight via all modes of transportation has significantly increased. Between 1993 and 2010, the United States freight transportation system saw a 1.9% annual increase in the movement of freight. With advances in technology, larger and faster vessels have significantly increased the amount of ocean freight.  According to the U.S. DOT, “world container traffic more than tripled in volume between 1995 and 2009, from 137 million TEUs to 432 million TEUs, growing at an average annual rate of about 9 percent”.Just as with land and air freight, there are many intricacies to shipping freight via ocean.  And...

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Impact of China’s Slowing Economy on Global Trade and Transportation

Posted on October 23, 2015. Category: Logistics Publications

China’s economy is beginning to slow down.  It is at the weakest point since China’s admittance to the World Trade Organization in 2001 and continues to shrink as the country’s gross domestic product annual growth rate dips below double digits for the fourth year in a row.  The Chinese government has reported the official 2014 figure at 7%; however economists estimate this figure is actually smaller.  Large parts of China’s service sector are growing, but the industrial sectors, which have the most impacts on trade and the global economy, are bleaker. ...

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U.S. Manufacturing Is Making Its Way Back Home

Posted on October 23, 2015. Category: Logistics Publications

Re-shoring ManufacturingAccording to recent studies and trends, it has become clear that U.S. manufacturing operations are moving back home or nearby. Companies are now recognizing the rising costs of off shore manufacturing. Some of the top factors contributing to this trend are the rising cost of labor, increased need for skillful workers, the high costs of maintaining inventory back home, and the downside of extended time to market. As the need to remain competitive rises, re-shoring is proving to be a plausible solution.Off Shore Labor is No Longer Cost EffectiveIn the past, China has been the...

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3D Printing: Safer Shipping, More Efficient, Less Expensive

Posted on October 23, 2015. Category: Logistics Publications

In the coming years, manufacturers and producers can begin to rely less on crating and packaging companies thanks to innovations in technology.  Large scale, industrial shippers will be able to take care of all their packing and loading needs in house by means of 3D printing.  The ability to customize packing needs will be unparalleled.3D printing will make crating or packaging large scale, heavy objects very simple.  It will also improve how the shipping industry is able to load, unload, and secure objects on trucks, vessels and aircraft.  The materials used could be lighter and...

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Highway Bill Passed in Senate May Increase Customs Fees

Posted on September 24, 2015. Category: Logistics Publications

The U.S. Senate has approved a highway bill containing a provision that will increase Customs user fees. Customs user fees are designed to help with processing and inspection costs and per 19 USC 58 are paid by:Commercial vessels: $397 per arrival Commercial vehicles: $5 per arrival Railcars: $7.50 per car per arrival Private Aircraft: $25 per arrival Passengers: $5 per arrival, per passenger Customs Broker: $125 per yearAccording to the newly passed bill, these increased fees could be diverted to fund other (unrelated to customs) programs in the bill. Customs user fees have not been increased recently, and as such, they don’t cover...

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New York State Franchise Tax Rate Changes for 2014 and Beyond

Posted on September 16, 2015. Category: Tax Publications

Part of the sweeping corporate franchise tax changes New York Governor Andrew Cuomo signed recently impacted the tax rates.  This article will illustrate the rate changes that were impacted.Type of New York Businesses New York Article 9-A designates three classes of corporations for tax rate purposes: •    Qualified New York Manufacturers (Mfr) – This definition is based on two alternative sets of criteria.  The first set requires the taxpayer to be “principally engaged” in “manufacturing”, having property eligible for the New York investment tax credit with a federal adjusted basis...

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Buyer Beware: Anti-dumping and Countervailing 101

Posted on September 15, 2015. Category: Trade Publications

It is no secret that globalization increases market competition.  Consumers are increasingly able to comb the global marketplace to find products that meet their demand at competitive prices. However, it is not unheard of that some foreign countries unfairly subsidize producers and exporters, or that a foreign exporter and producer sell their products to consumers at less than fair market value. Therefore, in an attempt to level the playing field back home in the United States, and to protect domestic industry, the International Trade Administration’s Antidumping and Countervailing Duty Operations Unit working in tandem with the Department...

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