Ascent Global Logistics Blog

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Power Of Attorney: Critical To International Shippers

Posted by Ascent Global Logistics on Mar 5, 2019 1:08:35 PM
When people hear the phrase "Power of Attorney," they often think immediately of a Medical Power of Attorney or a Dependent Power of Attorney. However, Powers of Attorney are crucial to the International Freight Forwarding and Customs Brokerage world. Powers of Attorney are the mechanism by which the importer or exporter authorizes the forwarder or broker to act on their behalf in customs related transactions. 
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Topics: International Freight Forwarding, Monthly Compliance Circular

OTIF Changes From Walmart: Here Is What To Expect In 2019

Posted by Ascent Global Logistics on Feb 27, 2019 10:25:08 AM

On February 26, 2019, Walmart revealed changes to their On-Time In Full (OTIF) requirements to suppliers at the Walmart Supplier Summit. Our Retail Consolidation team at Prime Distribution Services, An Ascent Global Logistics Company, would like to share details of Walmart’s new OTIF update highlighted during this year’s Walmart Supplier Summit.

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Topics: Retail Consolidation, OTIF

TARIFF UPDATE: US Administration Plans To Delay Implementing S301 List 3 Tariffs

Posted by Ascent Global Logistics on Feb 25, 2019 1:24:29 PM

Over the weekend, the US Administration announced that it would postpone increasing S301 List 3 tariffs. The United States and Chinese President Xi Jinping plan to meet to reach a final trade agreement.

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Topics: International Freight Forwarding, Tariffs

TARIFF RECAP: Almost Time To "Celebrate" New Trade Deals And Increases

Posted by Ascent Global Logistics on Feb 21, 2019 6:21:56 PM

Over the last several months, there have been a number of key updates to S232 Tariffs and S301 Tariffs Lists 1-3. In addition, the United States and China continue to hold trade talks. Last week in Beijing, key officials from the United States and China outlined a “10-item list of ways China can reduce its trade surplus with the US."

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Topics: International Freight Forwarding, Tariffs

TRADE NEWS: Congress Requests Product-Specific Exclusion Process From USTR

Posted by Ascent Global Logistics on Feb 19, 2019 12:23:38 PM

Congress has requested that the office of the United States Trade Representative (USTR) create the formal exclusion process for products outlined under the S301 List 3 tariffs. These tariffs for $200 billion worth of imports from China are scheduled to increase from 10 percent to 25 percent on March 2, 2019.

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Topics: International Freight Forwarding, Tariffs

How To Address Your Supply Chain Complexities In 2019

Posted by Ascent Global Logistics on Feb 15, 2019 6:01:22 PM

Now that 2019 is underway and our clients are actively planning for the rest of the year, industry experts predict that demand for industrial technology and manufacturing will continue to grow. Therefore, now is the time for manufacturers of industrial goods to make sure they have complete visibility and control over all aspects of their supply chains. Companies will need a partner to provide them with the right mixture of technology and personalized service through all aspects of their logistics needs.

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Topics: Domestic Freight Management, Transportation Management System

TRADE NEWS: US Government Shutdown Averted, Possible Delay In Proposed S301 Tariffs

Posted by Ascent Global Logistics on Feb 15, 2019 5:29:53 PM

Impending US Government Shutdown Averted

On the afternoon of February 15, 2019, US President Donald Trump signed an emergency spending bill to avert a partial government shutdown. The legislation provides $333 Billion worth of funding to several key Cabinet agencies through September 2019. 

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Topics: International Freight Forwarding, Tariffs

IMPORTANT: New England Motor Freight Files Voluntary Chapter 11 Petition

Posted by Ascent Global Logistics on Feb 12, 2019 12:04:09 PM

New England Motor Freight (NEMF) announced on February 11, 2019 that it voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of New Jersey in Newark. For more information, click here to read the official press release from NEMF.

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Topics: Domestic Freight Management, Carriers

Give Thanks To Your Broker! Our Brokers Are At The Heart Of Our Industry

Posted by Ascent Global Logistics on Feb 4, 2019 10:00:00 AM

In February, we often celebrate Valentine’s day with candy and flowers for the people who have a special place in our heart. This month’s compliance circular is going to focus on some of the people at the heart of the international freight forwarding industry, the Customs Brokers. As early as 1799, Customs Brokers were called “known agents or factors” and could make entry on behalf of cargo owners who were unable to do so, for a variety of reasons.

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Topics: International Freight Forwarding, Monthly Compliance Circular

Your Complete Guide To Cargo Insurance

Posted by Ascent Global Logistics on Jan 31, 2019 4:53:41 PM

Cargo insurance is one of the most proactive steps companies can take to protect their supply chain. Insurance safeguards shippers' financial investments during domestic and international transit, when product is the most vulnerable. While in transit, cargo is susceptible to natural disasters, severe weather, theft, pilferage, damage, fire and other challenges.

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Topics: Domestic Freight Management, Cargo Insurance

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