Senator Lindsey Graham of South Carolina has proposed a bill that would mandate the U.S. President to implement tariffs of at least 500% on all goods imported from countries that engage in oil transactions with Iran. The “Tariffs for Terrorism Act of 2024” stipulates that within 90 days of its enactment, the administration must identify […]
As software vendors targeting the containerized supply chain emphasize, revolutionizing the ocean freight booking system is pivotal for broader supply chain digitization. The consensus suggests that enhancing electronic and standardized booking processes across ocean carriers could significantly improve data utilization throughout the supply chain. Currently, the booking process is typically executed in isolation. However, a […]
In an important update for all importers, U.S. Customs and Border Protection (CBP) has announced revisions to certain user fees under the Consolidated Omnibus Budget Reconciliation Act (COBRA) for Fiscal Year 2025. This update, aimed at adjusting fees in line with inflation, was recently detailed in a Federal Register Notice (FRN). What are COBRA Fees? […]
Changes in how ocean freight bookings are managed are poised to drive comprehensive digitization across containerized supply chains, according to software vendors specializing in solutions for shippers and forwarders. The prevailing belief is that as electronic bookings become more standardized among ocean carriers, the data generated can significantly enhance coordination both upstream and downstream of […]
CMA CGM has revealed a new alliance with Google aimed at embedding artificial intelligence (AI) into its worldwide shipping operations, the company announced on Thursday. This collaboration will also encompass CEVA Logistics, a subsidiary of CMA CGM that provides third-party logistics services. According to a company statement, Google’s expertise will assist CMA CGM in “enhancing […]
The U.S. Department of Commerce (Commerce), in coordination with U.S. Customs and Border Protection (CBP), is announcing a new functionality in the Automated Commercial Environment (ACE) for importers entering merchandise that is the subject of an antidumping and/or countervailing duty (AD/CVD) certification. Specifically, the capability will exist for importers to identify in the ACE entries […]
While ocean carriers view biofuel as a temporary solution rather than a means to meet short-term emissions reduction targets, a new study has highlighted the unsustainability of biofuel production for the thirsty multimodal transport industry. China, the world’s primary producer of biofuel from used cooking oil, exports more than half of its stocks, mainly to […]
On July 9, the Department of Homeland Security (DHS), leading the Forced Labor Enforcement Task Force (FLETF), released an updated strategy under the Uyghur Forced Labor Prevention Act (UFLPA) to combat the importation of goods produced with forced labor in China. For the first time since 2022, FLETF has identified aluminum, polyvinyl chloride (PVC), and […]
ASTANA — The International Air Transport Association (IATA) has emphasized the urgent need for a special handling code for e-commerce freight due to sustained volume growth and its increasing dominance in global air cargo markets over the past 18 months. Currently, over 80% of all e-commerce is transported by air as general cargo. However, Andre […]
The authorities at Port Houston and Houston Airports have requested continued patience from the shipping industry through the weekend as they work to resume operations after Hurricane Beryl. The recovery efforts are complicated by widespread power outages and ongoing cleanup efforts across the Houston metropolitan area. Port Houston reported that its terminals were operational shortly […]
