Amid expectations of a significant boost in ocean container demand following the lifting of COVID restrictions and lockdown measures in China, the reality has proven to be quite different. Initial anticipation of a reopening-fueled surge in volumes has given way to disappointment as the expected upswing failed to materialize. Analyzing the Inbound Ocean TEU Volume […]
The NCBFAA Regulatory Agencies Committee (RAC) is pleased to announce that the Food and Drug Administration (FDA) has granted permission for changes in the port of entry for entries containing FDA data. This development, which the RAC has long advocated for, is a testament to the FDA’s commitment to streamlining procedures. Previously, customs brokers were […]
Amid the excitement surrounding China’s reopening and the anticipated surge in ocean container volume, the reality paints a different picture. While hopes were high for a swift recovery and a return to pre-pandemic shipping levels, the actual data reveals a more nuanced and complex situation. In this article, we delve into the realities of ocean […]
The Federal Maritime Commission (FMC) recently announced that two major shipping companies have collectively paid a total of $2.65 million in civil penalties, resolving allegations of misconduct brought forward by the FMC’s Bureau of Enforcement, Investigations, and Compliance. Ocean Network Express Ptd. Ltd. (ONE) entered into a compromise agreement with the FMC in April to […]
The trans-Atlantic shipping industry has been experiencing a decline in rates for several weeks, as imports from Europe have fallen. The COVID-19 pandemic has caused significant disruptions to global trade, resulting in reduced demand for shipping services. Additionally, the ongoing shortage of shipping containers and capacity constraints at ports has further exacerbated the situation. The […]
In preparation for Mother’s Day on May 14th, agriculture specialists from Customs and Border Protection (CBP) have conducted inspections on over 1 billion cut flower stems across the United States since April 1st. These flowers are sourced from suppliers in Europe, Asia, Africa, and South America. Colombia stands as the primary shipping country, accounting for […]
The supply chain industry is set to be revolutionized by a new generative artificial intelligence (AI) software developed by researchers at Stanford University. The software, called AttnGAN, uses a novel deep learning technique to generate high-quality images of products, which could help streamline the supply chain process. The software works by taking a textual description […]
Data from the rail industry is shedding light on the current challenges facing the supply chain industry. The COVID-19 pandemic has caused significant disruptions to global trade, resulting in delays and bottlenecks throughout the supply chain process. Rail data from the Association of American Railroads (AAR) shows that carload volumes are down compared to pre-pandemic […]
The freight market has been experiencing a downturn for the past few months, leading many to wonder if it has finally hit the bottom. The COVID-19 pandemic has caused significant disruptions to supply chains, resulting in a decrease in demand for freight services. However, the recent uptick in consumer spending and economic activity has raised […]
Venable LLP’s Lydia Childre has provided a brief update on the US Department of Commerce’s investigation into circumvention of antidumping and countervailing duties (AD/CVD) for solar cells and modules imported from Malaysia, Vietnam, Thailand, and Cambodia, made with parts and components originating from China. The investigation has undergone recent developments in Congress and the DOC. […]
