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

News

MAY 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – June 1, 2020

Economic activity in the manufacturing sector contracted in May, and the overall economy returned to expansion after one month of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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CHINA TARIFFS: LIST 3 EXCLUSIONS RELEASED MAY 28

On Thursday, May 28, 2020, the United States Trade Representative (USTR) office released a new list of product exclusions to the Section 301 List 3 products currently subject to a 25% tariff in the Federal Register Notice 85 No. 103 32094.

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NEW ELECTRONIC VESSEL MANIFEST CONFIDENTIALITY ONLINE APPLICATION LAUNCHES ON MAY 22

On Tuesday, May 19, 2020, U.S. Customs and Border Protection (CBP) announced in CSMS Message 42747527 the deployment of the new Electronic Vessel Manifest Confidentiality online application effective Friday, May 22, 2020. The enhancement will enable ocean carriers, importers, exporters, and consignees to manage their own confidentiality requests electronically on the CBP.gov webpage.

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CHINA TARIFFS: FOURTH SET OF LIST 4A EXCLUSIONS ANNOUNCED

On Wednesday, May 13, 2020, the United States Trade Representative (USTR) office released its third list of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff in the Federal Register Notice 85 No. 93 FR 28693.

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COVID-19 IMPACT ON SHIPPING INDUSTRY

The COVID-19 pandemic continues to impact all aspects of our industry, including warehouse handling for air and LCL shipments. Numerous terminals are reporting increases in terminal handling fees.

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RELOCATION NOTICE: LOS ANGELES, CA, FACILITY

Noatum Logistics is pleased to announce that our Los Angeles, CA, office and warehouse operations have now consolidated and relocated into our new, larger facility. 

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IMPORTS TO SEE DOUBLE-DIGIT ANNUAL DECLINES EVEN AS STORES BEGIN TO REOPEN

Source:  National Retail Federation Press Release – May 8, 2020

Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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CHINA TARIFFS: LIST 3 EXCLUSIONS RELEASED MAY 8

On Friday, May 8, 2020, the United States Trade Representative (USTR) office released a new list of product exclusions to the Section 301 List 3 products currently subject to a 25% tariff in the Federal Register Notice 85 No. 90 27489.

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CHINA TARIFFS: EXTENSIONS BEING CONSIDERED FOR LIST 3 TARIFF EXCLUSIONS

On May 1, 2020, the United States Trade Representative announced that they are considering a possible extension for up to 12 months for exclusions granted under the initial 11 List 3 product exclusion notices posted through March 26, 2020.  The extension would apply to almost all exclusions issued for the $200 Billion List 3 products currently subject to a 25% tariff.

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APRIL LOGISTICS LINK

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

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