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...
Read MoreWhat 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...
Read MoreOverview 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...
Read MoreThe 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...
Read MoreChinese 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...
Read MoreSection 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...
Read MoreEnsuring 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...
Read MoreFourth 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...
Read MoreU.S. Adds Three Companies to the UFLPA Entity List
June 17, 2024.
Logistics Publications, Trade Publications
On June 11th U.S. Department of Homeland Security (DHS) announced the addition of three China-based seafood, aluminum and footwear companies to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. U.S. Customs and Border Protection will apply a rebuttable presumption that goods produced by these entities will be...
Read MoreIndia Plans to Establish State-Owned Shipping Company
June 13, 2024.
Logistics Publications, Trade Publications
India is embarking on an ambitious plan to establish a state-owned shipping company, a strategic initiative led by the Ministry of Ports, Shipping and Waterways. This move aims to bolster the country's maritime infrastructure and reduce its heavy reliance on foreign vessels for international trade. As a part of...
Read MoreA New Canadian Trade Office Opens in Arizona
June 11, 2024.
Logistics Publications, Trade Publications
Canadian Trade Minister Mary Ng was in Arizona for the fourth meeting of the USMCA (Agreement) Free Trade Commission. The day before attending the gathering, however, she met with Arizona Governor Katie Hobbs to announce the development of a new trade office. The office will be located in the Valley,...
Read MoreSection 301 - June 2024 Updates
June 07, 2024.
Logistics Publications, Trade Publications
The Office of the United States Trade Representative (USTR) has proposed increasing the Section 301 duties on specific products. The first set of increases will go into effect August 1, 2024, the others will be phased in over time. Duty Increases: Certain steel and aluminum products under Section 301 will increase from 0–7.5%...
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