The United States Customs and Border Protection (CBP) has announced a procedure for importers or their authorized representatives to request the movement of their detained cargo to a customs bonded warehouse. This process is governed by the provisions of 19 U.S.C. 1307, which covers scenarios involving Withhold Release Orders, the Uyghur Forced Labor Prevention Act, […]
In the Wake of a Suspected June Cyberattack, Brokers Urged to Fortify Defenses A suspected cyberattack that targeted Livingston International in June underscored the critical need for customs brokers to proactively ready themselves for potential breaches, caution industry experts. Such breaches could disrupt operational continuity and sever communication channels with both clients and CBP (Customs […]
Holding the coveted title of No. 1 has been a long-standing achievement for the Los Angeles and Long Beach ports, a dynamic duo that has reigned supreme in international trade for over two decades. These interconnected trade powerhouses are responsible for facilitating the movement of nearly 40% of Asia’s imported goods into U.S. markets and […]
A Yellow Corp, tuma das maiores transportadoras de caminhões dos Estados Unidos, oficialmente decretou falência, marcando o encerramento da empresa de transporte de 99 anos. Em sua submissão do Capítulo 11 a um tribunal de Delaware no domingo, a empresa forneceu uma estimativa de US$ 2,15 bilhões em ativos e US$ 2,59 bilhões em passivos. […]
With the count of waiting vessels having surged to 154, the Panama Canal grapples with a mounting pileup, compelled to reduce passage bookings for carriers in response to ongoing drought conditions. These arid circumstances have stirred turmoil in the key maritime passageway since spring. Currently, the expected waiting period to traverse the canal spans about […]
O governo dos EUA, em colaboração com o Departamento de Justiça, o Gabinete da Indústria e Segurança (BIS) do Departamento de Comércio, e o Departamento de Controle de Ativos Estrangeiros (OFAC) do Departamento do Tesouro, divulgou uma nota de conformidade conjunta, ressaltando a importância de informar voluntariamente os agentes sobre possíveis violações de sanções americanas, […]
Anticipated findings project that the worldwide logistics sector will achieve a remarkable valuation of over $16.79 trillion by the year 2032. A recent study conducted by Allied Market Research reveals that the global logistics landscape achieved an impressive revenue of over $9.83 trillion in 2022, which sets the stage for a compounded annual growth rate […]
Os senadores americanos Tammy Baldwin (Partido Democrata de Wisconsin) e Roger Marshall (Partido Republicano do Kansas) uniram forças em um esforço colaborativo para enfrentar os desafios contínuos de serviço ferroviário não confiável e os altos custos de remessa que empresas americanas enfrentam atualmente. Como parte de sua iniciativa conjunta, eles reintroduziram a Lei de Serviços […]
Several shipping stocks have outperformed the market this year, with Dorian LPG (NYSE: LPG) leading the pack. Its adjusted closing price, factoring in dividends, has surged by 63% year-to-date. On Monday, its share price attained a historic peak since its initial public offering in 2014. Dorian manages a fleet of very large gas carriers (VLGCs) […]
In July, the Logistics Managers’ Index (LMI) unveiled a notable yet moderated decrease in transportation prices, contrasting with the sharp declines of the previous months. During the month, the recorded price reading stood at 35.6 on the index, well below the neutral level of 50. While the descent wasn’t as steep as the record-breaking drop […]
