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

News / Industry News

SHANGHAI WILL BE LOCKED DOWN IN TWO STAGES OVER NINE DAYS

Dear colleagues & partners,

China’s financial hub of Shanghai announced the city will lock down in two stages to carry out COVID-19 testing over a nine-day period, with the eastern side of the city under restrictions from Monday until 1 April, and the western side from 1-5 April.

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CHINA TARIFFS: REINSTATEMENT OF 352 EXCLUSIONS

On Wednesday March 23, the United States Trade Representative (USTR) office announced in a Press Release a decision to reinstate certain previously granted and extended product exclusions from the China Section 301 Tariffs.  The determination reinstates 352 of 549 eligible exclusions.  The full list can be found in the Notice of Reinstatement of Certain Exclusions: China’s Acts, Policies, and Practices

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NEW LA/LONG BEACH CLEAN TRUCK FUND RATE

Dear Noatum Customer,

As of April 1st, 2022, the Ports of Los Angeles and Long Beach will begin collecting a new Clean Truck Fund (CTF) Rate, regarding the ports goal to achieve zero-emissions drayage trucking by 2035. A $10 fee per TEU (twenty-foot equivalent unit) and an additional fee of $20 per container that exceeds 20 feet on loaded import, export, domestic and international containers being hauled by drayage trucks as they cross terminals and rail cargo moving to or off nearby rail ramps via truck.

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LOCKDOWNS SPREAD IN CHINA AS THE VIRUS SURGES IN SHANGHAI AND OVER A DOZEN PROVINCES

Downtown Shanghai heavily effected as covid out breaks surge. Museums, Theaters, and galleries closed, and refunds issued in the city of Shanghai. The majority of schools located in the inner city announced that they will be swapping to online learning as of Friday the 11th. Across China more than 100 neighborhoods have been deemed medium or high-risk danger zones, with required frequent testing and partial or complete lockdown.

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TRUCKING RATES EXPECTED TO INCREASE NATIONALLY

On Tuesday, this week, the price of diesel fuel on the CME commodity exchange rose 21.98 cents per gallon, which is the largest single day increase since early June 2008. The US Department of Energy reports that the national average price of diesel at the pump jumped $0.75 cents in the first week of March, up a total of $1.71 from one year ago.

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RUSSIA-UKRAINE WAR: IMPACT ON GLOBAL LOGISTICS

As the conflict between Russia and Ukraine grows, the operational outlook for logistics operations with these countries has been severely altered.

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NEAR-RECORD IMPORTS LEVELS EXPECTED AT U.S. PORTS AS CONGESTION CONTINUES

Source: National Retail Federation Press Release- March 9, 2022

Imports at the nation’s major retail container ports are expected to be at near-record levels this spring and summer as consumer demand and supply chain challenges continue to result in congestion, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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NEW U.S. SANCTIONS AND EXPORT CONTROLS AIM TO IMPOSE “DEVASTATING COSTS” ON RUSSIA

HUSCHBLACKWELL

On February 24, 2022, the United States imposed a combination of extensive and complex trade sanctions and export controls against Russia in response to is invasion of Ukraine.

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UNITED STATES AND JAPAN REACH AGREEMENT ON SECTION 232 STEEL TARIFFS

On Monday February 7, 2022 the United States Trade Representative (USTR) announced a 232 Tariff Agreement with Japan. The new agreement will allow Japan to ship up to 1.25 million tons of steel under a tariff rate quota (TRQ) without paying the 25% tariff. Any steel shipped in excess of the 1.25 million tons will be subject to the 25% tariff. The agreement which will take effect April 1st did not change the 10% tariff on aluminum.

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SOLAR CELL 201 SAFEGUARD REVISED AND EXTENDED

On Friday February 4, 2022, the President of the United States issued a Proclamation to Continue Facilitating Positive Adjustment to Competition from Imports of Certain Crystalline Silicon Photovoltaic Cells (CSPV) (Whether or Not Partially or Fully Assembled into Other Products.

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