Insights

Incoterms: Rules for Any Mode of Transport

September 03, 2024.
Logistics Publications, Trade Publications

Incoterms (International Commercial Terms) 2020 consists of 11 distinct rules, each represented by an abbreviation. These rules are divided into two main categories: those for any mode or modes of transport, and those specifically for sea and inland waterway transport. This article will cover the terms for any mode of transport...

3 Things You Didn’t Know Affected Tire Tax

September 03, 2024.
Tax Publications

What is a tire tax? Tire tax, also known as scrap tire fee, solid waste fee, and tire disposal tax, is a fee imposed on the sale of a new tire or replacement of an old one. Proper disposal requires significant state or local resources, justifying the collection of this...

What are Incoterms and Why Were They Created?

August 23, 2024.
Logistics Publications, Trade Publications

Have you ever tried to play a game and everyone had their own set of rules? That would be chaotic, right? That is where Incoterms come into play. Created by the International Chamber of Commerce (ICC), Incoterms are like the universal rule book for domestic and international trade. They...

Overview of the Canadian Rail Strike

August 22, 2024.
Logistics Publications, Trade Publications

On August 22, 2024, Canada's rail transport could experience stoppages after two of the largest railroads Canadian Pacific Kansas City (CPKC) and Canadian National Railway (CN), announced potential halts in operations over labor contracts. What is Happening? The Teamsters, representing over 10,000 rail workers, are demanding improvements to scheduling practices...

The Impact of Logistics under the Red Sea on War

August 06, 2024.
Logistics Publications, Trade Publications

The spillover effects of the Palestinian-Israeli conflict continue, and tensions are rising in many places in the Middle East. Among them, the dangerous waves in the Red Sea caused by the Houthi armed forces in Yemen have become a major focus in history. Since November last year, the Houthi armed...

Chinese brands and products shine at Paris Olympics

August 05, 2024.
Logistics Publications, Trade Publications

While absent from the arenas of the ongoing Paris Olympics, Chinese merchants are flexing their muscles on other stages, contributing to the event's sporty, joyful, and inclusive ambiance. Made-in-China products, renowned for their superior quality at reasonable prices, have once again made their mark during the Games. According to...

Section 301 Duty Increase Delayed

August 01, 2024.
Logistics Publications, Trade Publications

The US Trade Representative (USTR) has decided to delay the increase in Section 301 duties that were scheduled to go into effect on August 1, 2024. The delay is a result of the USTR needing more time to review the one thousand plus comments it received in response to its May notice of...

Freight Rate Analysis

July 29, 2024.
Logistics Publications

Last week, ocean spot rates surged to their highest levels of the year on major trade routes, although the rate of increase has slowed following sharp rises earlier in the month. There are indications that prices may have already peaked as daily rates have begun to decrease, and major carriers...

Shop ‘Til You Drop (the Tax): Upcoming Sales Tax Holidays

July 09, 2024.
Tax Publications

A sales tax holiday is a brief period when certain goods or services are exempt from sales taxes, implemented by governments to boost consumer spending and the economy. Typically lasting a few days or a weekend, these holidays often occur during back-to-school season or before major holidays. Commonly exempted items...

Ensuring Cost Efficiency and Accuracy in LTL and FTL Shipments

June 26, 2024.
Logistics Publications, Trade Publications

Adherence to the below steps for less-than-truckload (LTL) and full-truckload (FTL) shipments is of the utmost importance. It's not just a process; it's a key to ensuring maximum cost efficiency and accuracy in land transport. Your adherence to these guidelines directly impacts the success of our operations. Parties...

July 2024 Colorado Retail Delivery Fee Rate Increase

June 25, 2024.
Tax Publications

Effective July 1, 2024, the retail delivery fee rate will increase from $0.28 to $0.29. A retail delivery fee is imposed on all deliveries by motor vehicle to a location in Colorado with at least one item of tangible personal property subject to state sales or use tax. The retailer or marketplace facilitator that...

Fourth Meeting of the USMCA (Agreement) Free Trade Commission

June 18, 2024.
Logistics Publications, Trade Publications

May 22nd, 2024 marked the fourth meeting of the USMCA (Agreement) Free Trade Commission. The assembly was held in Phoenix, Arizona. In attendance were United States Trade Representative Katherine Tai, Canadian International Trade and Economic Development Minister Mary Ng, and Mexico Secretary of Economy Raquel Buenrastro. This meeting was held in...