Airfreight demand from China is still lower than normal this time of year, but it is finally picking up as the coronavirus scare gradually subsides. The new dynamic is reflected in higher cargo rates.
The test in Customs and Border Protection’s Automated Commercial Environment will be the third between the Fish and Wildlife Service and relevant importers since May 2016.
An exclusive interview with SIA Flexitanks CEO Damien McClean on what’s happening right now with Chinese manufacturing, trucking and ports.
Slashed oil production is bad for tankers, but fallout for container ships hinges on price action.
Airlines are taking it on the chin from the coronavirus. To balance revenues with expenses, airlines are cutting schedules. Lufthansa and United Airlines have taken cost-cutting even further.
“In 2020 both governments expect to implement low-cost, high-impact strategies to simplify customs and immigration screening and reduce wait times,” the U.S. State Department said.
As fewer ships arrive from China, there’s less capacity and equipment for U.S. and European container exports.
Airlines continue adjusting their flight schedules and capacity to contain costs as traffic dries up due to the coronavirus scare.
The 2019 Protecting America’s Food and Agriculture Act provides funding to help Customs and Border Protection close a shortfall among its agriculture specialist ranks over the next three years.
The UN Human Rights Council has developed a database identifying companies that conduct business with Jewish settlements in the West Bank.
Baltimore terminal reduces working hours; Georgia ports brace for volume dive
CargoMetrics data reveals that Chinese port activity has recovered much faster than some had feared.
Matthew Taylor of Shintan Inc. was ordered by the U.S. Department of Justice to pay back $7.5 million in illicit tax credits obtained from the IRS.
The travel and hospitality industries are getting battered by falling demand for their services as the coronavirus spreads. Less economic activity and aircraft capacity hurts shippers too, who can’t sell or ship as many goods.
Ships found carrying noncompliant fuel risk detention, monetary penalties.
American Association of Port Authorities says year-over-year cargo volumes in the first quarter could be down by at least 20%.
Misdeclared cargo blamed for container ship fires, including last year’s blaze on the Yantian Express.
“This exception ensures that the declaration requirement fulfills the intent of the Lacey Act while reducing the regulatory burden on importers,” the U.S. Department of Agriculture said.
Airlines are at the mercy of the coronavirus. About the only thing they can do is try to reduce operating costs and preserve cash flow until people are willing to start traveling again.
A proposed $1.8 billion sale of U.S.-origin air defense systems is expected to open a pathway to increased exports to the South Asian economy.
