With the exception of its swift establishment following the September 11, 2001 terrorist attacks, the discontinuation of the Impracticable to Screen (ITS) Amendment is the fastest and most significant action taken by the Transportation Security Administration (TSA) in the history of air cargo exports. It’s worth recalling how long it took for Change 6 to […]
Executives and analysts in the physical economy are increasingly skeptical about the possibility of a rebound in the second half of 2023. This skepticism extends to containerized U.S. import volumes, which typically experience a peak season from late summer to autumn. While some believe that U.S. import demand has already hit rock bottom, new downside […]
In recent events concerning the West Coast Ports, the Pacific Maritime Association (PMA), acting on behalf of ocean carriers, and the International Longshore and Warehouse Union (ILWU) have found themselves at odds over reported disruptions. The PMA has accused the ILWU of engaging in disruptive actions at the ports of Los Angeles, Long Beach, Oakland, […]
Amid expectations of a significant boost in ocean container demand following the lifting of COVID restrictions and lockdown measures in China, the reality has proven to be quite different. Initial anticipation of a reopening-fueled surge in volumes has given way to disappointment as the expected upswing failed to materialize. Analyzing the Inbound Ocean TEU Volume […]
The NCBFAA Regulatory Agencies Committee (RAC) is pleased to announce that the Food and Drug Administration (FDA) has granted permission for changes in the port of entry for entries containing FDA data. This development, which the RAC has long advocated for, is a testament to the FDA’s commitment to streamlining procedures. Previously, customs brokers were […]
Amid the excitement surrounding China’s reopening and the anticipated surge in ocean container volume, the reality paints a different picture. While hopes were high for a swift recovery and a return to pre-pandemic shipping levels, the actual data reveals a more nuanced and complex situation. In this article, we delve into the realities of ocean […]
The Federal Maritime Commission (FMC) recently announced that two major shipping companies have collectively paid a total of $2.65 million in civil penalties, resolving allegations of misconduct brought forward by the FMC’s Bureau of Enforcement, Investigations, and Compliance. Ocean Network Express Ptd. Ltd. (ONE) entered into a compromise agreement with the FMC in April to […]
The trans-Atlantic shipping industry has been experiencing a decline in rates for several weeks, as imports from Europe have fallen. The COVID-19 pandemic has caused significant disruptions to global trade, resulting in reduced demand for shipping services. Additionally, the ongoing shortage of shipping containers and capacity constraints at ports has further exacerbated the situation. The […]
In preparation for Mother’s Day on May 14th, agriculture specialists from Customs and Border Protection (CBP) have conducted inspections on over 1 billion cut flower stems across the United States since April 1st. These flowers are sourced from suppliers in Europe, Asia, Africa, and South America. Colombia stands as the primary shipping country, accounting for […]
The supply chain industry is set to be revolutionized by a new generative artificial intelligence (AI) software developed by researchers at Stanford University. The software, called AttnGAN, uses a novel deep learning technique to generate high-quality images of products, which could help streamline the supply chain process. The software works by taking a textual description […]
