A tentative deal has been reached between railway unions and management, averting a freight railroad strike that had threatened to cripple US supply chains and push prices higher for many goods. The verbal agreement concluded after about 20 hours of talks between unions representing more than 50,000 engineers and conductors [...]
Over the past couple of years, the supply chain has been disrupted by everything from the COVID-19 pandemic and cross-border vaccine mandates to the Ukraine War. But in spite of that, the U.S. continues to import trillions of dollars worth of goods every year. OnDeck has pulled together data from the [...]
We've talked about it time and time again during the past 24 months: relying on shipping from overseas has been a rocky road. There are lots of businesses that depend on overseas shipping, and many of them deal directly with the cost of freight and have faced a variety of [...]
The US / China Trade has been the focus of much concern for the international trade community at large. And more specifically, US trade professionals (and Chinese trade professionals, in theory) have been keeping a close eye on the situation as it develops. The regulatory changes as a result of [...]
In a special report by an interdivisional team at United Nations Conference on Trade and Development (UNCTAD), they provide a synthesis on the substantive analysis and dialogue undertaken by the team at UNCTAD. This research, of course, was rooted in a desire to bring light to various obstacles as well [...]
An outlook for the year ahead will inevitably be a bit hazy. Today, we delve into the biggest trade challenges and opportunities facing the trade industry across four industries in the coming year. On top of the pandemic grinding the economy to a near-halt, there have been other political factors [...]
Looking back to 2001, we can see the moment in which US Customs merged together with other agencies -- founding what we know now as Customs and Border Protection (CBP). Along with this merging, the mission shifted from simply administering tariffs, to homeland security. CBP as we know it, in [...]
What is a Post Summary Correction (PSC)? And why would you request one? In Customs and Border Protection’s (CBP) words: “Submission of a PSC is the sole method for trade to electronically correct entry summaries prior to liquidation.” This means that a PSC allows the importing party to modify their [...]
Earlier this month, US Customs and Border Patrol announced that a USMCA Center has been opened in Washington, DC. The Center will be staffed with customs professionals equipped with tools to support the private sector in navigating USMCA. More specifically, the center will focus on things like: Regulatory changes Automation [...]
We’ve been keeping a close eye on all news related to COVID-19 and its current and future impact on the global market. As a customs broker and consulting agency, it’s critical that we’re providing importers with updated and accurate information. We recently put out a quick interview we did with [...]
