301 China COVID Exclusions Extended – 9903.88.66
Eighty-one COVID medical-care product exclusions now expire on February 28, 2023.[...]
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November 2022
MARKET UPDATENovember 2022 Global TradeIt’s hard to believe that only nine months ago, global trade was struggling to keep pace with demand, and the carriers were able to charge freight rates that were often 10 x higher than pre-Covid levels.[...]
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Measuring Warehouse Performance
As 2022 quickly comes to a close, companies plan for next year. Third-party warehouses and their customers need a set of performance metrics (KPIs) to establish the performance of their warehouses. Here's a list of the major categories to discuss with[...]
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November 2022 – Ocean Market Update
The decline of ocean volumes from Asia to the USA will likely continue for the rest of the year. Lower demand may help normalize rates. This downward trend will motivate carriers to reduce capacity by voiding sailings to keep rates[...]
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November 2022 – Air Market Update
Residual effects of the pandemic persist, but the Air Freight market continues to show signs of improvement coming into the holiday season. [...]
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What is a TIB? Temporary Importation Under Bond
If you are temporarily bringing goods into the U.S., you may wonder if there is a way to avoid paying duty. A special type of customs entry called a Temporary Importation Under Bond (TIB) allows importers to bring certain goods[...]
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November 2022 Global Trade – Market Update
It’s hard to believe that only nine months ago, global trade was struggling to keep pace with demand, and the carriers were able to charge freight rates that were often 10 x higher than pre-Covid levels. Everyone, primarily the consumer,[...]
read moreBond Amounts for Temporary Import Entries
On November 14, 2022, U.S. Customs (CBP) released CSMS #53992279 - CBP Verification of Bond Amounts and Request for Additional Security for Temporary Importation Under Bond (TIB) Entries. The Bond Amounts Required for TIB entries are as follows:For all merchandise except[...]
read morePostal Code for Chinese Origin Goods Requirement
Updated March 20, 2023Effective March 18th, 2023, U.S. Customs and Border Protection (CBP) will require a Chinese postal code data element declared as part of the Manufacturer Identification Number (MID) for goods made in China.The new requirement is intended to[...]
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