CEVA Logistics has opened a Foreign Trade Zone warehouse operation in Miami, the company announced Tuesday.
U.S. Customs and Border Protection approved the operation, which joins CEVA’s existing network of FTZ operations in Los Angeles, Dallas/Fort Worth and Chicago.
“The Foreign Trade Zone is designed to lower the costs of import duties and provide tax relief, which customers can use to benefit their bottom line,” said Brenda Custer-Espeleta, vice president of U.S. customs brokerage operations for CEVA, in a statement.
CEVA said benefits of the FTZ, located within CEVA’s Miami gateway operation, include duty referral, duty elimination on exports, duty reduction if scrap/waste while within the FTZ, harbor maintenance fee deferred for ocean arrivals and merchandise processing fee savings.
CEVA Logistics opens foreign trade zone in Miami
