Subcommittee Chairman Earl Blumenauer, D-Ore., says the agreement won’t be “jammed through” his panel or the House Ways and Means Committee.
“We do see visibility as the key opportunity to mitigate risk and avoid unnecessary costs and charges that can come into play.”
U.S. President Donald Trump is pushing ahead on the successor of NAFTA following the end of tariffs on Canadian and Mexican metals.
The president sent his letter to Pelosi and Schumer one day before he was scheduled to meet with Congressional Democrats for a second round of infrastructure discussions.
Market expert Cathy Roberson looks at how Amazon is using partners in both the U.S. and Europe to expand its operations in both regions.
Market expert Brian Aoaeh writes about the world’s problems with trash and garbage – and what must be done before it overwhelms humanity.
Market expert Scott Case writes about the air cargo operations at Alaska Airlines, which not only serves Alaska, but the entire U.S. market.
Kansas Republican Jerry Moran says tariffs threaten long-term damage to U.S. agriculture.
“It’s time for the Congress to do their job,” the vice president said during a speech in Florida on Monday.
Commerce’s temporary license will allow U.S. exporters who meet certain conditions to continue conducting business with Huawei and overseas affiliates on the Entity List.
Chinese shipping giant Cosco (HKEX: 1919) was last weekend given, for free, 45 percent of the equity of ports and shipping operator, Hainan Shipping Holding. Cosco’s not just getting a […]
Commentary: Commerce and BIS put numerous American companies at risk of export control violations by fumbling enforcement date of Huawei additions to Entity List.
Brenda Smith, Customs and Border Protection’s Office of Trade executive assistant commissioner, said her agency will develop modernization projects that will result in pilots.
The agreement doesn’t involve quotas, and the tariffs will be gone in 48 hours, according to reports.
Donald Broughton explores the technology economy and its impact on the overall economy.
President Trump directed U.S. Trade Representative Robert Lighthizer to lead talks as the administration seeks to mitigate the “threatened impairment of national security.”
Several containers of fireworks entered the country through the Port of Savannah.
Chinese telecom’s purchases of U.S.-made semiconductor components will come under closer scrutiny during BIS export license approvals.
Speakers during an American Shipper webinar talked about how software solutions could help importers and exporters navigate sanctions, tariffs and security filings.
The U.S. Department of Agriculture estimates that this expanded access could increase U.S. beef and beef product exports to Japan by as much as $200 million a year.
The country was removed from the United States’ unilateral trade preferences program, and tariffs on steel from Turkey were lowered from 50% to 25%.
As ocean carriers bring in ever-larger container ships to the U.S., the Port of New York and New Jersey says it is ready to handle them. Last week, the YM […]
Trucking warns supply chain may still require Inventory buffers.
BW LPG, an ocean carrier of crude oil, gas, chemicals, and products of oil, has reported a first quarter 2019 net loss after tax of US$23.5 million. It’s a loss that’s about three times greater than the US$8.4 million loss recorded in the first quarter of 2018.
Chill winds from the Chinese economy have caused Australian freight forwarder Wiseway to downgrade its anticipated China/Australia freight volumes and earnings.
Credit rating agency says while traffic may fall, revenues are not likely to be affected in the medium term.
Customs brokers facilitating imports from Mexico into the U.S. have witnessed improved cargo processing by CBP at the southern border ports of entry.
While not named in the executive order, Huawei Technologies Co. Ltd. and its affiliates will be added to the Bureau of Industry and Security’s Entity List.
What The Truck?!? hits the road this week as Chad and Dooner make tracks towards Birmingham, Alabama to cover McLeod’s Transportation, Finance and Accounting Conference. The guys talk with McLeod’s CEO Tom McLeod, VP of Ops David Custred, CFO Kasey Burleson, Chief InfoSec Officer Ben Barnes, and Buddy Moore Trucking’s CFO Susan Moore Kirkpatrick.
Rail market expert Jim Blaze discusses how FreightWaves SONAR can help determine how best to ship freight.
House Democrats are seeking beefed-up labor, environment, enforcement and pharmaceutical provisions in the trade agreement.
Beth Pride of BPE Global and Melissa Harrington of Descartes will discuss how companies can keep pace with customs compliance, tariffs, sanctions and more.
Sen. Chuck Grassley said Americans “need to know” the Trump administration understands the economic pain they would feel in a prolonged trade war.
Soybean farmers along the Mississippi River have dealt with historic flooding this year.
The Entity List comprises individuals and entities subject to specific license requirements for the export, re-export and/or in-country transfer of specified items.
If implemented, the tariffs will affect approximately $300 billion worth of goods from China in yearly import value.
The Treasury Department’s Office of Foreign Assets Control on Friday sanctioned two more shipping companies and their tankers for transporting Venezuelan oil to Cuba.
Australian integrated logistics provider Qube (ASX:QUB) has acquired Brisbane-based crane-hire provider, mining-related logistics services provider and truck-operator LCR Group for A$135 million (US$94.14 million).
The Justice Department said a North Korean-flagged bulk carrier is in U.S. custody for illegally transporting and concealing exports of North Korean coal.
The agency issued guidance on Friday detailing the specifics of the tariff increase from 10% to 25% on $200 billion worth of goods from China.
Australia, Japan and Singapore are leading the World Trade Organization e-commerce initiative.
Beijing has sworn to institute countermeasures to combat a huge increase in tariffs, from 15 percent to 25 percent, that have been imposed by Washington on $200 billion worth of a wide range of Chinese goods. A set of high-level, last-minute, talks yesterday to postpone or prevent the tariffs failed.
Trade attorneys reported that the notice for tariffs to increase from 10% to 25% applies only to goods that are both exported and entered for consumption after 12:01 a.m. Friday.
President Trump ordered new sanctions to be placed on Iran’s iron, steel, aluminum and copper industries in an effort to curtail weapons manufacturing and political influence.
Manila, Philippines-based container terminal operator International Container Services International has posted a solid set of first quarter results. Revenues were up. Profits were up. Box lifts were up. The group attributed its good results to operational improvements, lower finance costs and a “ramp up” in contributions by its new ports.
The National Association of Manufacturers called on Congress to swiftly reauthorize the Ex-Im Bank after three board members were confirmed.
House Ways and Means Trade Subcommittee Chairman Earl Blumenauer said consideration of the bill could slip into the next Congress and presidential term.
The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.
Australian ports recorded in excess of 1.94 million twenty foot equivalent (TEU) container movements during the first quarter of 2019. But freight forwarders sense a downturn may be about to happen…
Speakers talked about the negative impact caused by the tariffs during a discussion co-hosted by Tariffs Hurt the Heartland and the Council of the Great Lakes Region.
Tariffs across $200 billion worth of goods in yearly import value will be raised from 10 percent to 25 percent on Friday, the president tweeted on Sunday.
The House committee on Friday sent its latest in a round of letters to U.S. Trade Representative Robert Lighthizer outlining concerns with the U.S.-Mexico-Canada Agreement.
The president will pick Mark Morgan, former Border Patrol director during the waning days of the Obama administration, to head Immigration and Customs Enforcement.
The agency on Thursday released its strategy for 2020-2025 in which it highlighted predictive analytics as a potential tool for trade enforcement.
In this commentary article, Donald Broughton looks at the second part of the economy – the consumer economy – and where we are now in the economic cycle.
U.S. Trade Representative Robert Lighthizer made the statement about the third tranche of tariffs in response to questions after a Ways and Means hearing.
The National Association of Manufacturers hopes the pressure to vote on nominees will break years-long failure to restore the Export-Import Bank’s full loan-making authority.
OFAC said violations can be minimized if compliance programs include management commitment, risk assessment, internal controls, testing and auditing, and training.
Duty drawback programs and foreign-trade zones are two options, speakers said during a JAXPORT conference, but there are other ways to lower the financial obligation.
Mid-Ship Group agreed to pay $871,837 to settle violations of sanctions involving financial transactions from charter party agreements between IRISL and two of its ships.
“The dairy industry couldn’t be more clear: Pass USMCA,” said Rep. Mike Conaway of Texas.
Market expert Scott Case has written about the use of dynamic pricing in airfreight. Long-used to sell passenger seats on airplanes, dynamic pricing is new to airfreight – but will likely be used extensively going forward. Read Scott’s take on the why’s and wherefore’s of the move.
U.S. soybean exports have fallen in the past year in part because of the drop in exports to China due to tariffs and swine fever.
Passage of Mexican labor reform legislation was a key commitment included in the U.S.-Mexico-Canada Agreement.
“There is no appetite in Congress to debate USMCA with these tariffs in place,” the Senate Finance Committee chairman wrote in The Wall Street Journal.
The Treasury agency takes steps to implement a new sanctions list to punish foreign entities that interfere in U.S. elections, but the “final rule” is still in development.
A public session will be conducted after the U.S. and South Korean officials sit down in Washington in May.
Donald Broughton, FreightWaves’ chief market strategist, helps explain the U.S. economy in a multi-part series. This article focuses on the industrial economy of the U.S., which is critical to the overall health of the nation.
Japanese transport company, Nippon Yusen Kabushiki Kaisha (NYK Line) (JPX:9101) has today reported a loss of approximately US$400 million (Japanese Yen 44.5 billion) for the year ended March 31, 2019. Following the red ink bloodbath, the company has replaced the chairman, president and representative directors.
The final part of the FreightWaves series on the Panama Canal focuses on dry bulk transits. The two trends: US agribulk cargo to Asia is down, Colombian coal to the west coast of South America and Asia is up.
Manufacturers should prepare for increased regional value content for the automobile sector, speakers said during an American Shipper webinar.
The Office of the U.S. Trade Representative released its annual “Special 301” report on Thursday.
The Department of Homeland Security and Justice and State departments are working with counterparts in China, Mexico and Central and South America.
USDA’s Animal and Plant Health Inspection Service said the 25 percent reserve fund keeps its quarantine inspections program running during spikes in demand.
State, Treasury and Commerce add five enterprises to the Cuba Restricted List for their connection to previously sanctioned Cuban government entities or individuals.
The committee advises the office of the BIS assistant secretary for export administration on technical questions affecting levels of export controls.
The executive director of the Agriculture Transportation Coalition discusses port congestion, demurrage and detention fees, and ongoing China tariffs on agricultural goods.
The White House on Monday announced its intent to end sanction waivers to countries still importing revenue-generating oil from Iran.
Mexican Ambassador to the U.S. Martha Barcena Coqui on Monday said the U.S.-Mexico-Canada Agreement’s pioneering labor reforms shouldn’t be taken for granted.
Donald Broughton, FreightWaves’ chief market strategist, explains the problems he has with surveys based on ‘sentiment’ – except for the Institute for Supply Management survey. Read why he believes in its results.
Cathy Morrow Roberson explains what makes Miami International Airport (MIA) special, and what the airport, airlines and air cargo companies are doing at that particular facility to facilitate cargo. Learn more about MIA in this article.
The BIS and Census Bureau are preparing to release proposals to harmonize the Export Administration Regulations’ and Foreign Trade Regulations’ definitions.
The “e-Commerce Revolution” is the hot topic for the upcoming CNS Partnership Conference next month in Miami. FreightWaves interviews CNS President Michael (Mike) White for an inside look at the e-commerce challenge for the air cargo industry and how the conference will tackle it.
FMC Commissioner Rebecca Dye provided an update on her agency’s ongoing detention and demurrage investigation.
American Shipper will take an in-depth look at the new trade agreement in a webinar on Thursday.
The Commerce Department initiated the antidumping investigation after receiving a petition March 28 from three companies.
The European Commission considers list of U.S. exports that could be subject to billions of dollars in tariffs in response to the aircraft subsidy dispute before the WTO.
The U.S. is proposing $11 billion in tariffs on European Union goods because of allegations that Airbus received that amount of subsidies when it launched the Airbus 380, thereby harming U.S. interests. Read Jesse Cohen’s explanation of the articles proposed for tariffs and what the tariffs might do to the air cargo and maritime industries.
A final draft on technical specifications and annexes for the World Customs Organization e-commerce framework is moving through the approval process, according to an official.
Customs and Border Protection will begin migrating its Importer Trade Activity data to ACE Reports, making the data available to all trade members on demand.
A former Chinese airline employee operating out of JFK Airport orchestrated a scheme using passenger flights to deliver packages to military officers in China.
“I’m convinced that when the Tunisians get a taste of U.S. beef, poultry and eggs, they’re going to want more,” said U.S. Agriculture Secretary Sonny Perdue.
House Democrats on the Ways and Means Committee worry the language of the renegotiated trade agreement lacks enforceable environmental commitments for Mexico.
The Office of the U.S. Trade Representative will allow Section 301 tariff exclusions for 21 additional product types covering 348 exclusion requests.
“I don’t know if it’s accurate; we’re reaching out to you to find out if it is,” attorney Ed Greenberg said at the NCBFAA conference.
In some cases, companies are filing drawbacks for the first time in almost 20 years, according to Sandler Travis law firm attorney Michael Cerny.
Kevin McAleenan, the CBP commissioner named acting Homeland Security secretary, has picked COO John Sanders to oversee the duties of commissioner.
The European Commission is given the green light to begin talks with the U.S. on agreements regarding conformity assessment and tariffs on industrial products.
The agency requires that Mexican cascarones — decorative, confetti-filled eggshells — are free from egg residue to prevent the spread of poultry diseases.
UniCredit Bank and its Italian and Austrian operations processed over $500 million through the U.S. financial system for the Islamic Republic of Iran Shipping Lines.
