During the month of May, 2020, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the May 2020 logistics link.
News
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®.
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.
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.
On Wednesday, May 13, 2020, the United States Trade Representative (USTR) office released its fourth 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.
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.
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.
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.
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.
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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