Trans American

Truckload spot rates have been down more than 20% from a year ago for several months, but a new forecast Thursday warned shippers that a change in direction is imminent and that the favorable low rates won’t continue into 2020. Spot rates won’t be positive year over year until 2020, but rates and demand will… Read more : Shift Higher Coming for Truck Spot Rates, demand: Forecast

The CBSA Assessment and Revenue Management (CARM) project is a multi-year initiative that will transform the collection of tax and duty for goods imported into Canada. CBSA has issued its first edition of CARM Quarterly, and is available at the following link: CARM Quarterly – Volume 1 Benefits and timeline detail: CBSA CARM

With the latest round of Section 301 Tariffs recently put in place, the Consumer Technology Association (CTA) has renewed its call for congressional legislation to rein in presidential authority to wage tariff actions. In a statement by CTA CEO Gary Shapiro, “The president does not have unilateral authority on trade. Congress should pass the Reclaiming… Read more : Consumer Technology Association Action on Chinese Section 301 Tariffs

The ocean freight industry has recently been operating under a cloud of uncertainty from Brexit and the unpredictable U.S.-China trade war. According to iContainers, these usual culprits aside, this year’s peak season is expected to be hit by two more contributing factors that could eventually affect global throughput growth. “The fluctuating situation surrounding Brexit and… Read more : Two Extra Factors to “Further Disrupt” the 2019 Peak Season

On August 29, the Office of the U.S. Trade Representative (USTR) published in the Federal Register a proposal to increase the rate of additional duty from 25% to 30% on products of China currently subject to tariff actions first taken in June, August, and September 2018. Public comments are requested and due by September 20,… Read more : U.S. Trade Representative Considering Raising Chinese Section 301 Tariffs from 25% to 30%

Further to our August 13 Bulletin, the effective date is by date of entry, and no grace period is provided for “goods on the water”. List 4A will be effective entered for consumption, or withdrawn from warehouse for consumption September 1, and List 4B effective entered for consumption, or withdrawn from warehouse for consumption December… Read more : Section 301 Tariffs On Chinese Origin Goods Update

Despite an uptick in truckload companies filing for bankruptcy, not enough capacity has been removed to fix the supply-demand imbalance in the spot market, according to logistics providers and trucking companies. Trucking bankruptcies reportedly are creeping up after hitting a 20-year low in 2018. As reported in the Journal of Commerce: JOC