The Canadian National Railway and the Teamsters Canada Union (TCRC) are currently engaging in contract negotiations to avoid a potential strike. The TCRC represents roughly 3,000 of Canadian National Railway's conductors, train persons and yard persons.
If you are one of the many shoppers looking for deals this holiday season, prices may be higher than expected due to new tariffs on imported goods. These tariffs are likely to impact both import shipping volumes and prices of goods throughout this holiday season.
The Commodity Classification Standards Board (CCSB) has posted proposed amendments to the National Motor Freight Classification® (NMFC®). These amendments will be published, pending reconsideration, on December 5, 2019 and are expected to go in effect on January 4, 2020.
Trading globally involves risks, but having international cargo insurance is one of the best ways to offer peace of mind to both the buyer and the seller. Ascent Global Logistics wants your shipments to be monetarily safeguarded against physical loss or damage while in transit. If you have shipped many times before, or are new to the international shipping trade, it is worthwhile to review how insurance can help your company be protected.
The International Chamber of Commerce (ICC) has recently published its new version of Incoterms 2020. The Incoterms rules help individuals and companies that participate in the import and export of global trade on a daily basis. These essential terms of trade can be found in the newly published guide, now available for purchase from the ICC.
In this Article:
- What does Incoterms do?
- What does Incoterms not do?
- How are Incoterms used?
- What happens to existing contracts?
- Main changes to Incoterms 2020
The USTR (United States Trade Representative) has announced that on October 31, 2019, it will begin to accept tariff exclusion requests for Chinese imports that are subject to an additional 15 percent tariff (List 4), which went into effect on September 1, 2019.
Exclusion requests will be received via the USTR exclusion request processing portal. Details regarding the application process will be published in the Federal Register next week.
Are you managing shipments with multiple carriers or 3PLs?
Do you crave the simplicity of shipping through just one company?
Processing shipments through different providers can be a headache. Each carrier or 3PL operates slightly differently, making your internal processes and controls a moving target. That's just from booking to delivery. Post-shipment processing can be daunting when managing invoices, assigning GL codes and complying with payment terms.
U.S. tariffs totaling to $7.5 billion will be enacted on the European Union today. Producers of specialty food products such as Italian Parmesan, French wine and Spanish olives have been put on the bargaining table as recompense for the illegal EU Airbus subsidies reported earlier this month.
In case you missed it, the International Maritime Organization (IMO) is implementing a new sulfur emission rule in 2020. This is expected to directly impact fuel, but it could have much further impacts across the shipping industry. With just over two months until implementation, our team is here to help supply chain managers plan for the impending changes approaching with the New Year.
The U.S. administration has halted trade negotiations and doubled Turkish steel tariffs in response to Turkey's advance into Syria on Monday, October 14. The proposed $100 billion trade deal with the country is on hold due to the advance.