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The heightened and somewhat frenetic pace of tariff activity is ostensibly full-throttle all the time these days, and this week’s events are clearly no exception. Where to begin? Well, for starters President Trump yesterday announced that the United States plans to place tariffs on $200 billion worth of imports from China, which will take effect on September 24, 2018 at an initial amount of 10%, with the additional level of tariffs increasing to 25%, effective January 1.

The Freightos global rate database also drives the Freightos Baltic Index (FBX) in collaboration with the Baltic Exchange – which is part of the SGX group.

"No amount of technology is going to help move cargo off the docks without collaboration."

July shipments, at 1,096,835, topped June’s 1,025,643 and were up 6% annually for a new monthly record, according to Panjiva, topping August 2017’s 1,069,292. All months in 2018 have seen growth, with the exception of a 0.2% decline in March, which was the first one going back to a 7.7% annual drop-off in February 2017. On a year-to-date basis through July, shipments are up 6% annually at 6,975,786.

Major multinational shippers and North American transport interests are warning the Trump Administration to tread softly on its increasing tariffs on aluminum, steel and other products or it will threaten the current sweet-spot economy.

With 58% of shippers committed to their enterprise resource planning (ERP) vendors, the key players are casting an even bigger shadow on the supply chain management space.

FedEx subsidiary FedEx Express announced this week that it has rolled out a new flight into and out of Hanoi, Vietnam, which will connect the country’s capital to the FedEx APAC (Asian Pacific) hub based in Guangzhou, China.

With global shippers looking to get in front of the beginning phase of recently implemented tariffs, United States-bound waterborne shipments saw gains in June.

Purolator is pleased to announce that it has joined Blockchain in Transport Alliance (BiTA), a consortium of leaders in the shipping and logistics industry that is creating standards in blockchain use.

With global shippers looking to get in front of the beginning phase of recently implemented tariffs, United States-bound waterborne shipments saw gains in June, according to data recently released by global trade intelligence firm Panjiva. June shipments, at 1,025,643, were up 6.5% annually. This represents another month of growth, with the exception of a 0.2% decline in March, which was the first one going back to a 7.7% annual drop-off in February 2017. Through the first six months of the year, Panjiva said U.S.-bound imports are up 6.5% annually at 5,870,275.

This year an estimated $2 billion owed by the U.S government to eligible businesses will go unclaimed. The funds are available through duty drawback, a U.S. Customs and Border Protection (CBP) initiative that offer businesses a refund of up to 99 percent of certain import duties and taxes paid on products that are later exported or destroyed. Is your business entitled to a share of those funds?

The economies in Asia and Latin America posted a relatively high growth rate in May, say analysts for Kuehne + Nagel Group.

Any thoughts that a “trade war” between the United States and China was not a possibility were put to rest earlier today based on an announcement coming out of the White House. The White House said that under Section 301 of the Trade Act of 1974, “the United States will impose a 25% tariff on $50 billion of goods imported from China containing industrially significant technology, including those related to the ‘Made in China 2025’ program.”

March shipments, at 858,809, were down 0.2% annually, marking the first annual decline going back to February 2017’s 7.7% annual decline, with both of these months volumes impacted by the timing of the Asian Lunar New Year, with Panjiva noting that the resulting shortfall in products arriving on U.S. shores in the following weeks. For the first quarter of 2018, Panjiva data indicated that shipments were up 6.9% annually at 2,816,997.

A good news/bad news scenario for United States-bound retailer container shipments was laid out in the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates. The good news part is the report’s projected gains in shipment levels in the coming months, and the bad news is the possibility of the ramifications of a trade war between the United States and China heating up and negatively impacting volumes further down the road.




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