August will be the 11th straight month the USA has been grappling with peak season ocean market conditions induced by the COVID-19 pandemic and corresponding V-shaped recovery. The Los Angeles port complex is expected to again set volume records in July and August.
News
On Tuesday, July 13, 2021, a 36 page Joint Xinjiang Supply Chain Advisory was published by the Department of State, Department of Treasury, Department of Commerce, Department of Homeland Security, United States Trade Representatives and the Department of Labor.
Per an article released by the Journal of Commerce Online today, July 15, the Union Pacific Railroad (UP) will stop all international intermodal service from the West Coast to its Global IV terminal in Joliet, Illinois, for up to seven days beginning early Monday.
Source: National Retail Federation Press Release – July 8, 2021
Imports at the nation’s largest retail container ports are continuing to show double-digit growth over last year as strong consumer demand keeps up its momentum, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On Tuesday, July 6, 2021, the Court of International Trade (CIT) delivered a small “win” for the plaintiff importers in the Section 301 China list 3 and 4A case before the court. In the fifty (50) page two-to-one split decision ruling, CIT granted a preliminary injunction to suspend the liquidation of unliquidated import entries subject to Lists 3 and 4A duties subject to the Section 301 litigation.
Following nearly two years of increased duties/tariffs related to many retaliatory programs, aimed at unfair trade practices, as well as escalating costs via air, ocean rail and truck many importers are seeing an ever-increasing hit to their cash reserves. The volume and timing of cash outlays outpaces their cash inflows from their clients paying on terms. Managing cash flow is often the first area of focus each day for importers.
During the month of June, 2021, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the June 2021 Logistics Link.
With the strong support and guidance of governments at all levels, Yantian International has strictly implemented the COVID-19 prevention and control work and has promoted the resumption of work and production in the port area in an orderly manner.
The Transportation Security Administration (TSA) is reminding all Importers, Exporters, Carriers, and Freight Forwarders that the International Civil Aviation Organization (ICAO) security requirements take effect for 100% of all international all-cargo flights by June 30, 2021.
The Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) project will directly impact, modernize, and streamline the import process of shipments entering Canada by transforming the collection of duties and taxes for commercial goods.
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