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Merchandise 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...

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Driver 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...

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Saving 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...

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At 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...

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Typhoon 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...

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The 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...

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EU 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...

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China 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...

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Importance 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...

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At 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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7 Excel Productivity Hacks You Need to Know

May 17, 2021.
Logistics Publications, Tax Publications, Trade Publications

Microsoft Excel is a key software that is especially relied upon by tax professionals who, despite seeing excellent innovations in tax technology in recent years, still rely upon Excel heavily to conduct their duties. This article from Allyn Tax’s business analyst team identifies some helpful tips and tricks...

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Egyptian Authorities: Claims for the Changci Reduced to US$ 600 million

May 11, 2021.
Logistics Publications, Trade Publications

According to the report from Shipping Network on May 10, the Suez Canal Authority proposed that the authority would cut its owner’s claim by one-third for the container ship Ever Given that blocked the Suez Canal for nearly a week. The 400-meter-long ship is owned by Shoei Kisen Kaisha...

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