Noatum Logistics Completes Acquisition of the Multinational MIQ Logistics. Read more.

News / 2020

OCEAN FREIGHT RATES REACH RECORD HIGHS

Ocean Freight rates on the Asia to US trade lane and specifically to the US West Coast are at record high levels after two months of continuous increases. Rates are anticipated to stay elevated throughout the duration of this peak season. A variety of market forces and unique economic circumstances have combined to push rates to unprecedented levels in 2020.

Read More


U.S. RESCINDS 10% TARIFFS ON ALUMINUM PRODUCTS FROM CANADA

On September 15, 2020, the United States Trade Representative (USTR) office announced in a Statement on Canadian Aluminum that they will “resume duty-free treatment of non-alloyed, unwrought aluminum.” This change will be effective retroactively to September 1, 2020.

Read More


CIT COMPLAINT MAY LEAD TO SECTION 301 REFUNDS

If you are an importer with goods currently subject to Section 301 List 3 and 4A tariffs (valued at over $300 billion) you should contact your legal counsel and consider taking immediate action to file a claim within the next couple of days to preserve your right for refunds.

Read More


CHINA TARIFFS: LIST 4A PRODUCT EXCLUSION EXTENSIONS ANNOUNCED

On September 2, 2020, the United States Trade Representative (USTR) office announced the extension of certain product exclusions to Section 301 List 4A products currently subject to a 7.5% tariff in Federal Register Notice 85 No. 171 FR 54616.

Read More


IMPORTS SPIKE AS ECONOMY CONTINUES RECOVERY AND RETAILERS STOCK UP FOR HOLIDAYS

Source:  National Retail Federation Press Release – September 9, 2020

Imports surged to unexpected high levels this summer and may have hit a new record as the U.S. economy continues to reopen and retailers stock up for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

Read More


AUGUST 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – September 2, 2020

Economic activity in the manufacturing sector grew in August, with the overall economy notching a fourth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

Read More


AUGUST LOGISTICS LINK

During the month of August, 2020, Noatum Logistics was involved in a number of events throughout the logistics industry.  Read about industry updates, regulatory updates and announcements in the August 2020 logistics link.

Read More


TEMPORARY CLOSURE OF HOUSTON OFFICE DUE TO HURRICANE LAURA

In preparation of Hurricane Laura, Noatum Logistics will be closing our Houston office effective 17:00 CDT Wednesday, August 26.  Based on the most recent reports, we expect Hurricane Laura to quickly strengthen to a category 3 storm and make landfall between the Texas and Louisiana border.  Hurricane and tropical storm conditions are expected to reach the Houston area beginning late Wednesday evening through Thursday. 

Read More


ADDITIONAL 45 DAY EXTENSION TO HONG KONG MARKING REQUIREMENT

On Friday, August 21, 2020, United States Customs and Border Protection (CBP) issued a notice in Cargo System Messaging Service CSMS 43729326 to inform the trade that the 45-day transition period for compliance with the President’s Executive Order (EO) 13936 on Hong Kong Normalization has been extended for an additional 45 days from September 25, 2020 to November 9, 2020.

Read More


U.S. TO REIMPOSE 10% TARIFFS ON ALUMINUM PRODUCTS FROM CANADA

On August 6, 2020, a Presidential Proclamation on Adjusting Imports of Aluminum Into the United States was issued, which will result in a 10 percent Section 232 tariff on imports of non-alloyed unwrought aluminum from Canada. 

Read More