Did you know? In addition to offering global logistics solutions, our team can also help you optimize your domestic, over the road shipments. Check out our guide below to learn which mode of transportation would be optimal based upon the characteristics of the cargo.
When importing products into the United States, some commodities are subject to Non-Tariff Barriers, which include quotas, licenses, subsidies and additional duties. These barriers are designed to discourage demand of an imported product, protecting domestic producers from foreign competition.
The National Motor Freight Classification (NMFC) provides commodity classifications for interstate, intrastate and foreign commerce. There are a total of 18 classes, from a low of class 50 to a high of class 500. The goal of NMFC classifications is to provide shippers with standardized pricing for shipments when working with different carriers, warehouses and brokers. Below is a list of the NMFC changes which will take effect this December.
You may or may not have already heard of the Marisol Transportation & Trade Workshops. Just in case you missed it, our team of transportation and trade professionals are beginning to host workshops in various U.S. cities to educate companies and help them make informed logistics decisions.
The Miscellaneous Tariff Bill (MTB) is a bill that could provide importers with the opportunity to save on duties if cases are submitted to the USITC (U.S. International Trade Commission) and approved by Congress. The bill resulted in the USITC establishing a web portal for importers to petition to suspend or reduce duties on products that are either not produced in the United States or produced in insufficient quantities. Below are the top three items our team thinks importers should know.
On September 14, 2016, our team hosted the Marisol Transportation & Trade Workshop in Tulsa, Oklahoma. The afternoon discussion included an air and ocean market update, an in-depth analysis of the Hanjin Shipping bankruptcy, tips to help prepare your supply chain for the holidays, as well as the impact and benefits of ACE (Automated Commercial Environment).
Hanjin Shipping filed for bankruptcy on August 31, 2016 causing a gridlock of cargo around the globe. While nearly 30 vessels remain stranded at sea, there have been some positive developments over the past few days. To help you stay organized and updated on the developments, we created a timeline of major events. Here's what has happened thus far:
Topics: Hanjin Shipping
If you haven't already signed up to join our team at the Marisol Transportation & Trade Workshop, you still have time. To reserve your spot, email firstname.lastname@example.org.
A final rule was recently published in the Federal Register, impacting all ITAR (International Traffic in Arms Regulations) and all BIS (Bureau of Industry and Security) controlled exports. Effective November 15, 2016, all ITAR or BIS controlled exports will be required to list a revised Destination Control Statement (DCS) on the commercial invoice.