Spot rates in the east bound Pacific jumped 21.8 percent to the West Coast and 8.1 percent to the East Coast this week, but it is too early to tell whether this was a one-off spike or the first hint of peak season momentum, according to a cargo consolidator and former shipping executive. As published… Read more : Trans-Pac Spot Rate Jump: One Off or Early Peak Season?
Customs & Logistics News Story
Pertains to U.S.
Published in May 02, 2018 issue
Published in May 02, 2018 issue
Customs & Logistics News
Recent Editions
U.S.
May 02, 2018
Trans-Pac Spot Rate Jump: One Off or Early Peak Season?
Spot rates in the east bound Pacific jumped 21.8 percent to the West Coast and 8.1 percent to the East Coast this week, but it is too early to tell whether this was a one-off spike or the first hint of peak season momentum, according to a cargo consolidator and former shipping executive. As published in the Journal of Commerce: https://www.joc.com/maritime-news/trade-lanes/trans-pacific/trans-pac-spot-rate-jump-one-or-early-peak-season_20180427.html
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
European Union – Mexico Global Agreement
On April 21, the European Union (EU) and Mexico reached a new agreement on trade, with practically all trade in goods between the EU and Mexico to become duty free, including the agricultural sector. Once in effect, 98 percent of goods traded will immediately have no duties. It is a modernized agreement that broadens the scope of the existing agreement signed in 1997. EU Fact Sheet: http://europa.eu/rapid/press-release_MEMO-18-1447_en.htm
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
Goods Subject to Section 201 and Section 232 Duties Not Eligible for GSP Benefits
U.S. Customs and Border Protection (CBP) extended the exemptions through May 31 for steel and aluminum importations to the U.S. from Canada and other select countries. An absolute type quota for steel importations has been put in place for country of origin South Korea. U.S. Customs has issued multiple Cargo Messages as follows: https://csms.cbp.gov/viewmssg.asp?Recid=23516&page=1&srch_argv=&srchtype=&btype=&sortby=&sby= and https://csms.cbp.gov/viewmssg.asp?Recid=23515&page=1&srch_argv=&srchtype=&btype=&sortby=&sby=
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
Harmonized System Update Created April 25, 2018
U.S. Customs and Border Protection (CBP) issued a Cargo System Message on updates of 1,287 tariff records. Exporters should ensure they are listing current tariff numbers on their customs documents. Message: https://csms.cbp.gov/viewmssg.asp?Recid=23505&page=&srch_argv=&srchtype=&btype=&sortby=&sby=
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies
U.S. Shippers Explore LTL, Rail, Due to U.S. Truckload Tightness
Shippers struggling to find available capacity in the U.S. truck load market due to the growing U.S. economy and the electronic logging device (ELD) mandate are turning to intermodal and less-than-truckload (LTL) as options to move freight. Journal of Commerce: https://www.joc.com/trucking-logistics/ltl-shipping/us-shippers-explore-ltl-rail-due-us-truckload-tightness_20180427.html
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
Canada
May 02, 2018
Changes to Canada Border Services Agency Anti-Dumping and Countervailing Program
As a result of the amendments to the Special Import Measures Act and the Special Import Measures Regulations that came into force on April 26, the Canada Border Services Agency (CBSA) will conduct scope proceedings and anti-circumvention investigations, assess whether certain sales should be disregarded due to a particular market situation, and provide unions with participatory rights in dumping and subsidy investigations. CBSA Notice: https://www.cbsa-asfc.gc.ca/sima-lmsi/sapt-pesp-eng.html
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies
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