Freight Market Roundup

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Stay up to date with our weekly freight market roundup.

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LOS ANGELES-LONG BEACH STARTING TO SEE SOME RELIEF

As expected, we are seeing some relief after the Chinese New Year. Delays are still happening and waits are still longer than usual. We expect the situation to be normalized by March.

Email us if you have any questions and you will be directed to the appropriate associate.

BLANK SAILINGS WILL CONTINUE TO AFFECT CAPACITY IN MARCH

As reported before, blank sailings are a practice we see happening after the Chinese New year. It means that there is a cancelled sailing. For you, importer, that would mean your goods are not going to the be transported by that vessel like you thought and you will have to rearrange that booking - which can take time.

Email us if you have any questions and you will be directed to the appropriate associate.

DEADLINE FOR 25% IMPORT TAXES COULD BE EXTENDED

The Trump administration has mentioned that it's willing to extend the March 2 deadline if negotiators are making progress. The waiting game leaves supply chain strategists with their hands tied when it comes to investment decisions. If you are not sure what the best next step is, you might want to take a look at our e-books: 7 Strategies to Mitigate Tariff Costs and Sourcing: a Guide for Tariff Impact.

If you are interested in receiving first-hand tariff-related news, subscribe to our Tariff Roundup here.

REMINDER: LIQUIDATED DAMAGES FOR VIOLATIONS OF ISF IMPORTER RULES TO BEGIN MARCH 15

As reported last week, CBP will begin issuing liquidated damages claims for violations of a new rule on March 15.  Read more here.

Email us if you have any questions and you will be directed to the appropriate associate.

REMINDER: NEW IMPORTING REQUIREMENTS FOR WOOD PRODUCTS EFFECTIVE MARCH 22

You have one month until new US import reporting requirements for EPA regulations take effect. Are you compliant? Read more here.

Our Customs and Compliance team is available to answer any questions you may have. Please email us here.