US Customs and Border Protection (CBP) is increasing its scrutiny of customs brokers as the surge in e-commerce shipments poses new compliance challenges. With less comprehensive data required for smaller e-commerce packages compared to larger freight shipments, customs brokers are under growing pressure to navigate complex regulations while ensuring adherence to CBP’s mission. Additionally, CBP […]
August saw significant growth in transportation capacity, coupled with a slowdown in price increases, according to the latest Logistics Managers’ Index (LMI) report. The LMI, which surveys supply chain executives monthly, recorded a reading of 56.7 for transportation capacity in August, marking a 5.8-point increase from July and the highest level since May. In this […]
As the U.S. Customs and Border Protection (CBP) ramps up its scrutiny of importers’ supply chains, customs brokers are finding themselves under increasing pressure to invest in technology. The focus is shifting from merely facilitating trade to ensuring compliance with complex regulations, placing customs brokers in a pivotal role when it comes to regulatory risk […]
5/28/2024 Written By Stephania Bonnet In the ever-evolving landscape of global trade, the accuracy and specificity of merchandise descriptions have never been more critical. U.S. Customs and Border Protection (CBP) has taken significant steps to reinforce the requirements outlined in 19 CFR 141.86. This regulation mandates that importers provide detailed descriptions of their merchandise, ensuring […]
The Rhode Island Airport Corporation (RIAC) has secured a significant boost in federal funding, with a $9.2 million grant allocated for the continued development of a new cargo facility and aircraft parking apron at TF Green International Airport. This project marks a major step forward in the airport’s evolution, reinforcing its role as a key […]
As e-commerce continues to expand, US Customs and Border Protection (CBP) is increasingly turning its attention to customs brokers, who now find themselves at the forefront of ensuring compliance amid a surge of smaller, less-documented shipments. This growing focus on brokers marks a significant shift in the regulatory landscape, as CBP seeks to address the […]
The Canadian rail industry faces ongoing uncertainty as the threat of a strike by Teamsters Canada Rail Conference (TCRC) members looms until new labor contracts are finalized. The National Customs Brokers & Forwarders Association of America (NCBFAA) Transportation Committee is urging its members to remain vigilant as negotiations continue between Canada’s two Class 1 railroads—Canadian […]
The recent surge in India-Europe trade rates has come to an end, with the market stabilizing into a more balanced supply-demand environment. Local freight forwarders report a significant drop in spot rates from major carriers for late August sailings. Booking prices from Nhava Sheva/Mundra to Felixstowe/London Gateway/Southampton have decreased by up to $1,000 per standard […]
The heavy transportation and engineering sector is experiencing a shift towards realism as scattered project delays and cancellations arise due to regulatory hurdles and a more challenging global financing environment. Despite strong demand, industry executives report that this new environment is fostering a more measured outlook. Key offshore wind projects, which are significant contributors to […]
Compliance experts are warning that U.S. Customs and Border Protection (CBP) is intensifying its scrutiny of customs brokers as the agency grapples with a growing influx of e-commerce shipments. These shipments typically require less comprehensive data compared to larger freight, adding complexity to the brokers’ responsibilities. The CBP is also increasing pressure on brokers to […]
