In a significant move that has raised tensions with China, the United States and Taiwan have signed a new trade deal aimed at strengthening economic relations between the two nations. Described as the most comprehensive trade agreement since 1979, the pact seeks to deepen the economic and trade relations between the U.S. and Taiwan, which…
The global trading system is undergoing significant shifts that are reshaping international supply chains and ushering in a new era of trade. Termed “reglobalization,” this transformation is driven by two primary forces: companies seeking to mitigate the risks of pandemic-related disruptions and governments aiming to secure access to critical materials in an increasingly fragmented global…
Overall Freight demand has remained lower and more consistent over the past month. Figures are showing a six straight month of declines in container import volume. Major shippers have also indicated that supply chains are starting to stabilize. Regionally U.S. East Coast – Import: East Coast port congestion has eased. U.S. & Canada West…
The U.S. Customs and Border Protection 2023 Trade Facilitation and Cargo Security (TFCS) Summit was held in Boston April 17th – 19th. There were over 1300 attendees including importers, exporters, Customs brokers, and freight forwarders. Nicole Hess, Vice President of Brokerage, and Margaret Lange, Director of Compliance attended the summit. Speakers included members of multiple government…
This year marked the milestone 50th Annual NCBFAA conference, which took place in New Orleans. The NCBFAA, serving as the authoritative voice of the brokerage and logistics industry since 1897, holds considerable influence in shaping policy and driving reforms for the import and export community. M.E. Dey, a longstanding member for over five decades, has…
General Rate Increases (GRIs) have been making waves in the shipping industry, particularly in the trans-Pacific market. While carriers have experienced success in pushing spot rates higher, there is a growing concern among shippers that they are being taken advantage of by carriers seeking to maximize profits. Before we dive in, we should note that…