A New Approach to U.S. China Trade Relationship
October 27, 2021.
Logistics Publications, Trade Publications
The U.S. Trade Representative (USTR) has laid out the Biden administration’s new approach to the U.S. trade relationship with China. With the goal of “creating a level playing field for the American workers, farmers, and businesses”, the administration has spent several months examining...
Read MoreRates Rise for U.S. Shippers by 5.9% for DHL
October 11, 2021.
Logistics Publications, Trade Publications
Due to inflation and an increase in investments, carriers are experiencing higher costs. These higher costs are causing many price hikes for various carriers including DHL and FedEx. Effective January 1, DHL will raise its rates by 5.9% to match the price hike of FedEx. This price increase will include account holders...
Read MoreMerchandise Processing Fee (MPF) 2021 Update
October 01, 2021.
Logistics Publications, Trade Publications
Per the CSMS #48938836 Message the US Customs and Border Protection (CBP) will be adjusting certain user fees on October 1, 2021. The minimum merchandise processing fee (MPF) will be increased to $27.75 from $27.23 and the maximum will be raised to $538.40 from $528.33. MPF is assessed by CPB for most imports into the US on...
Read MoreDriver Shortage
September 10, 2021.
Logistics Publications, Trade Publications
The transportation industry is highly aware of the truck driver shortage for some time now. The issue is still very relevant and has gotten worse within the past few years. A recent article stated that “in 2018 the trucking industry was short about 60,800 truckers, a shortfall that is expected to...
Read MoreSaving Duties On Goods Returned
August 31, 2021.
Logistics Publications, Trade Publications
Background Items are being shipped all over the world every second of every day. That large amount of trade can get costly with tariffs, duty rates, and other shipping costs. With all that spending, there must be some ways to save money on those shipments. Well, if your items are...
Read MoreAt a Glance: Q3 2021 Logistics Bulletin Summary & Outlook
August 24, 2021.
Logistics Publications, Trade Publications
Air Freight International Global air volume, measured in CTKs, declined slightly from the record values seen in Q1. However, volume has remained consistent through Q2, especially when seasonally adjusted for the slower mid-year months(1) Capacity in July was up 29% in July over 2020 levels, although load factor declined by 3%. Airlines are...
Read MoreTyphoon In-Fa hits East China
August 02, 2021.
Logistics Publications, Trade Publications
Recently, East China's Zhejiang Province upgraded its emergency response to Typhoon In-Fa to the highest Level I from July 24, Saturday at noon. Shanghai maintained the second-highest level of warning against typhoon and the third-highest level of warning against rainstorms on Sunday since issuing the alerts on Saturday afternoon. The...
Read MoreThe Importance of Export Screening
July 15, 2021.
Logistics Publications, Trade Publications
U.S. Exporters must comply with all U.S. export regulations regardless of the volume or value their exports. A major component of U.S. export law is Restricted Party Screening, also known as Denied Party Screening. The U.S Departments of State, Commerce and Treasury as well as other...
Read MoreEU VAT Changes for 2021
June 24, 2021.
Trade Publications
Starting July 1, 2021, the European Union (EU) is changing its Value-Added Tax (VAT) rules. The prevalent changes will mostly impact online business to customer sales. These changes should simplify the import process for items purchased online. The changes are as follows: Low Value Exemptions: Previously, buyers in the EU were exempt...
Read MoreChina Removes VAT Rebate on Certain Steel Exports
June 21, 2021.
Logistics Publications, Trade Publications
China Removes VAT Rebate on Certain Steel Exports Effective May 1, 2021, a 13% VAT rebate no longer applies to many steel products upon their exportation from China. 146 products are impacted by these new regulations, including but not limited to pig iron, seamless and ERW pipes, wired rods, rebar, alloy, and stainless bards...
Read MoreImportance of Data Accuracy
May 24, 2021.
Logistics Publications, Trade Publications
Businesses rely on data to make important and costly decisions. Logistic business decisions rely upon available data. While much attention is given to the outcome or presentation of these decisions, how much attention is given to the creation of the data used? Where does the stream of...
Read MoreAt a Glance: Q2 2021 Logistics Bulletin Summary & Outlook
May 17, 2021.
Logistics Publications, Trade Publications
Air Global air volume, measured in CTKs, reached an all-time high in March. Volume is likely to continue increasing throughout 2021 based on market indicators. (1) Air cargo capacity is slowly returning to the market when compared YoY but is still behind 2019 levels by 12%. The supply of capacity can’t meet...
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