Insights

Ocean Freight Market News

February 25, 2022.

After 52 years, MSC has climbed to the #1 position in the world of ocean freight, crossing this line on January 5th with the acquisition of the classic Panamax vessel MEXICO. Wan Hai’s pivot to the Trans-Pacific market is evident in the rest of the market. The Taiwanese line&rsquo...

Container Companies Book Record Profits Despite a Challenging Year in Logistics

February 24, 2022.

Bloomberg writes that logistics companies such as Maersk and Evergreen together made a profit of 150 billion dollars (133 billion euros) in 2021. That is nine times more compared to 2020 and is quite remarkable because the past year was characterized by container shortages and many delays in deliveries. The corona crisis has led...

CIMS Developments

February 17, 2022.

Allyn’s proprietary Global Trade Management (GTM) solution, CIMS, is a robust platform that allows clients to maintain the highest levels of compliance while maintaining top operational efficiency. CIMS was developed in-house at Allyn specifically for the purposes of creating a best-in-class trade platform, with the goal of...

Truckers Protest in Canada over COVID-19 Regulations Continue into the US

February 11, 2022.

Massive truck protests over COVID-19 regulations that originated in Canada’s capital, Ottawa, on January 29 have sprawled away from urban centers and onto major thoroughfares, including those connecting trade routes between Canada and the United States. On February 10, 2022, the Ambassador Bridge between Detroit and Windsor was partially blocked, disrupting...

Allyn’s ATOM Reimagines the Trade Compliance Process

January 18, 2022.

With an increasing number of orders requiring international fulfillment, companies are experiencing the effects of trade policy more than ever before. New tariffs, trade agreements, e-commerce regulations, and even sanctions have led to frequently changing trade requirements, which have caused confusion or delay in most cases. The...

Rise of E-Commerce Leads to Increased Trade Challenges in Physical and Digital Markets

January 13, 2022.
Logistics Publications, Trade Publications

One effect of the coronavirus pandemic has been a massive growth in e-commerce– as more people were confined inside their domiciles due to lockdowns and other restrictions, they increasingly began to turn to the internet for their shopping needs. The impact of the pandemic on e-commerce is well documented...

United States Passes Total Goods Ban on all Products from Xinjiang Province due to Forced Labor Allegations

January 05, 2022.

On December 16, the US Senate unanimously passed a bill to effectively ban the import of goods from the Xinjiang region in China, a critical step after the House passed the same bill days earlier. President Biden is expected to sign the legislation in a move widely seen as an admonishment...

Changes Coming in 2022 to Section 301, Section 201, and AD/CVD Regulations

January 03, 2022.
Logistics Publications, Trade Publications

On January 20, 2022, a coalition of 140 bipartisan U.S. lawmakers sent a letter to the Ambassador of the Office of U.S. Trade Representative, Katherine Tai, requesting immediate approval and implementation of Section 301 exemptions. The lawmakers claimed that failure to do so would irreparably harm US businesses in multiple industries, and...

Vaccinated Travel Lanes (VTL) for Singapore-Malaysia

December 30, 2021.

Singapore-Malaysia land VTL to be launched on Nov 29, travelers must use designated bus services. The initial land VTL arrangement, travelers whom only eligible for citizens, permanent residents, or long-term pass holders of the country that they are entering without the need for quarantine. On 20 December 2021 (Monday), Singapore's Ministry of...

Licensing 101

December 22, 2021.

When you delve into the broad corporate term of “licensing,” you’ll find a myriad of subtitles: Business, dealer, manufacturer, sales tax, delivery, master, privilege, hazmat, merchant, leasing, occupational, etc. The list goes on and on. The necessary data that drives each filing can be as varied....

3 Essentials of Exemption Certificates

December 17, 2021.

Exemption Certificates Introduction To know if an exemption or resale certificate your business receives or issues is valid, it is important to understand what this document entails. An exemption or resale certificate is a form or document issued by a business to ensure sales tax is not applied to their...

Consumer’s Use Tax vs. Seller’s Use Tax: Nearly Every Business owes Use Tax

December 15, 2021.

Use Tax Overview Use tax is defined as a tax on the storage, use, or consumption of a taxable item or service on which no sales tax has been paid. It is known as a complementary tax to sales tax and can be applied if a different state sales...