June 2022
By NNR USA In Uncategorised On 9th June 2022
MARKET UPDATE
AIR FREIGHT
June 2022 Airfreight
Capacity into China is starting to improve since the China COVID lockdown was lifted last week. Air carriers are now accepting hazardous cargo again to Chinese destinations, which is also a great sign. Read More
Tip of the Month
- All wooden skids must be heat treated and must have a clear and legible IPPC stamp for international shipping.
- Customers should increase their lead time expectations until further notice.
OCEAN FREIGHT
June 2022: Ocean Freight Update
COVID-19 lockdown lifted in China, cargo imports shift to East and Gulf Ports while uncertainty plagues the West Coast ports with on-going labor negotiations. Read More
Will there be a West Coast Port Strike?
Coming off two years of supply chain disruptions, the potential for a coast-wide port strike looms in limbo as the ILWU and PMA negotiate ahead of the June 30th expiration of the current labor contract with longshoremen. Read More
Tip of the Month
We are expecting another chaotic peak season and no relief when it comes to congestion, shortage of equipment, and all other matters that the industry is facing so far. That being said, we recommend planning as early as possible for shipping your cargo.
DOMESTIC TRANSPORTATION & WAREHOUSE
Preparing for a Challenging Summer
As Shanghai and Guangzhou return to full operation in June, there are some troubling signs regarding summertime rail capacity. Read More
Stability in the Warehouse Market?
After an unprecedented decade-long buying spree, there are signs that Amazon has reached the critical mass that they desire and is putting some of its real estate portfolio on the market. Bloomberg reports that Amazon is abandoning or sub-letting about 30 million square feet of their 374 million square foot portfolio. Read More
CUSTOMS BROKERAGE & TRADE COMPLIANCE
Importing from the Xinjiang Uyghur Autonomous Region in China?
Learn about the latest information on the Uyghur Forced Labor Prevention Act. This impacts goods made wholly or in part of materials originating from XUAR. Read More
Section 301 China Latest
Change may be coming on July 6th, the 4 -year anniversary of 'List 1', 25% tariffs on goods made in China. Read More
Duty-Free Importation of Solar Cells and Modules From Southeast Asia
President Biden is removing tariffs for up to 24 months on the importation of certain solar cells and modules exported from Cambodia, Malaysia, Thailand, and Vietnam. Read More
Tip of the Month
Review for forced labor in your supply chain. Implement an internal policy on selecting and vetting your foreign suppliers down to the raw material. Consider how the information will be documented in case of a U.S. Customs detention related to forced labor.