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

News

UNPRECEDENTED VOLUMES, BOOKING DELAYS, PORT AND RAIL CONGESTION – UPDATE #3

U.S. containerized imports from Asia in December were up 29.9% year over year with December marking the third highest monthly volume figure in 2020 behind October and August.

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CBP ISSUES WITHHOLD RELEASE ORDER FOR ALL COTTON AND TOMATO PRODUCTS FROM CHINA REGION

On January 13, 2020, U.S. Customs and Border Protection (CBP) announced in a press release that a region-wide Withhold Release Order (WRO) for cotton and tomato products made by slave labor in Xinjiang would go into effect immediately. 

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UNPRECEDENTED VOLUMES, BOOKING DELAYS, PORT AND RAIL CONGESTION – UPDATE #2

The ongoing import surge continues to cause bottlenecks throughout the supply chain. For the week ending January 8, there were 35 vessels at anchor awaiting berths at Los Angeles/Long Beach.

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DIGITAL SERVICE TAX TARIFFS SUSPENDED FOR FRANCE AND DECLINED FOR THREE OTHER NATIONS

The United States Trade Representative (USTR) office issued multiple Federal Register notices on January 12, 2021, addressing the Digital Service Tax (DST) decisions for France, India, Italy, and Turkey.

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2020 RETAIL IMPORTS MAY BREAK RECORD DESPITE PANDEMIC

Source:  National Retail Federation Press Release – January 8, 2021

Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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DECEMBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – January 4, 2021

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

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UNPRECEDENTED VOLUMES, BOOKING DELAYS, PORT AND RAIL CONGESTION

The double-digit percentage year over year volume growth on the Asia to U.S. trade-lane is expected to continue well past the Lunar New Year holiday (Feb 12) and potentially accelerate as Spring volumes match or exceed prior year. It is expected that imports moving from Asia to the West Coast ports in the U.S. from November thought January will show a 30% increase year over year. This increase is spilling over to all U.S. ports with Gulf and East Coast ports also posting double-digit growth.

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DECEMBER LOGISTICS LINK

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

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CHINA TARIFFS: USTR TO EXTEND SECTION 301 EXCLUSIONS FOR COVID-19 MEDICAL-CARE PRODUCTS

On December 29, 2020, the United States Trade Representative (USTR) office announced in Federal Register Notice 85 No 249 FR 85831 the extension of section 301 exclusions to twenty-four (24) medical-care products needed to address the COVID-19 outbreak.

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DEPARTMENT OF COMMERCE ESTABLISHES ALUMINUM IMPORT LICENSE PROGRAM

On December 23, 2020, the International Trade Administration, Department of Commerce (DOC) announced in Federal Register 85 No 247 FR 83804 the adoption of the new Aluminum Import Monitoring and Analysis (AIM) system which will act as the aluminum import license application platform.

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