Via American Shipper, by Greg Miller. Ocean freight rates are showing mixed signals. On one hand, spot rates for supertankers carrying crude oil are on a tear, a positive indicator. On the other, despite predictions to the contrary, rates along the all-important trans-Pacific container route between Asia and the U.S. continue to slide at a […]
Monthly Archives: August 2019
Via American Shiipper, by Michael Angell, Bulk and Intermodal Editor North America’s biggest shippers issued mostly upbeat forecasts for consumer spending for the back half of 2019. But the outlook is providing little boost to spot rates for container shipping as U.S. inventories stay high and the front-loading of Chinese imports appears to have played […]
LNCBFAA foresees newly proposed importer verification rule by CBP leveling the playing field and strengthening relationships between customs brokers and their clients. The National Customs Brokers and Forwarders Association of America (NCBFAA) welcomed a recently proposed rule from U.S. Customs and Border Protection (CBP) that requires customs brokers to have a more complete identification of their importer clients. For […]