News / Industry News

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Q1 Regulatory Updates

GSP Expired On December 31, 2017

The Generalized System of Preferences (GSP) provides duty-free treatment to goods of designated beneficiary countries. The program was authorized by the Trade Act of 1974 to promote economic growth in the developing countries and was implemented on January 1, 1976.

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The Employment Situation – December 2017

Source: Bureau of Labor Statistics

Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care, construction, and manufacturing.

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December 2017 Manufacturing ISM Report on Business

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in December, and the overall economy grew for the 103rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report on Business®.

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U.S. Economic Snapshot – December 2017

The following are a list of U.S. economic indices captured within the last 30 days.

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Transpacific Eastbound General Rate Increase (GRR) and Peak Season Surcharge (PSS)

The following announced levels from carriers are for upcoming General Rate Increases (GRI) and Peak Season Surcharge (PSS). Additionally, you will find Bunker Fuel Level updates as well as the Low Sulphur Levels for the 1st quarter of 2018.

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Import Numbers Show Retailers Restocking As Holiday Season Hits Final Days

Source: National Retail Federation 

Imports at the nation’s major retail container ports are expected to increase 1.5 percent this month over the same time last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. The year, which included five of the seven busiest months for imports on record, should end with a healthy 6.4 percent increase over 2016.

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The Employment Situation – November 2017

Source: Bureau of Labor Statistics

Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment continued to trend up in professional and business services, manufacturing,  and health care. 

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November 2017 Manufacturing ISM Report on Business

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 102nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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All Carrier Booking Requests For Cargo Destined to the U.S. Must Include A Six Digit HTS#

US CBP issued new requirements governing the movement of cargo in-bond from the Port of Discharge to an Inland Port for Customs Clearance or Export.   These new requirements are effective November 27, 2017.  Full enforcement of the new rules will begin February 24, 2018.  The most important change for MIQ origins is that CBP now requires the six-digit HTSUS number on ocean cargo consigned to inland points.

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Transpacific Eastbound General Rate November 2017

Transpacific Eastbound General Rate Increase (GRI) and Bunker Fuel Adjustments

The following announced levels from carriers are for upcoming General Rate Increases (GRI). Additionally, you will find Bunker Fuel Level updates as well as the Low Sulphur Levels for the 1st quarter of 2018.

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