DAT data reveals that both spot and contract freight rates rose during the summer, driven by increased demand and anticipated capacity constraints due to ELD implementation. E-commerce activity is a significant driver in the spot market. Carriers need to adapt their strategies to navigate these market changes.
BTI (Binding Tariff Information) is the legal basis for product classification provided by EU customs to enterprises. Valid for three years, it helps businesses ensure accurate classification of goods and reduce tariff risks. With BTI, companies can not only comply with regulations but also enhance their competitiveness in the international market.
This article explores the definition and function of the Employer Identification Number (EIN) and its significance in international trade. It highlights the necessity for businesses to have this identification when interacting with U.S. customs and tax authorities, as well as the importance of applying for an EIN or CAIN through Flexport.
As the largest third-party quality control organization globally, SGS plays a crucial role in export regulation in developing countries across Africa and Asia through its Comprehensive Inspection Before Shipment (CISS) program. By implementing thorough inspections, SGS aids companies in streamlining customs processes and promotes compliance with international trade standards.
Bonded logistics is an essential concept in international trade, allowing specific imported goods to be stored and processed temporarily under customs supervision without immediate payment of import duties. This system provides businesses with flexible options for managing goods, requiring that relevant taxes only be paid when goods are not re-exported.
This article, from a data analyst's perspective, provides a comprehensive guide and compliance guidelines for shipping Zongzi to Malta. It details crucial aspects such as shipping restrictions, packaging strategies, Zongzi handling, shipping method selection, customs declaration, and tariffs. This guide helps you safely and efficiently deliver this taste of home.
The 7th International Supply Chain and Logistics Exhibition will grandly open in Beijing, focusing on new opportunities for supply chain and logistics industry development under the "Belt and Road" Initiative. Hosted by authoritative organizations such as China National Convention Center Group, the exhibition aims to create a world-class logistics exhibition platform, promote regional collaboration and international trade facilitation. It gathers top domestic and foreign government and enterprises, covering sea, land, air and rail multimodal transport. A special Central and Eastern European exhibition area will be set up to help companies "go global" and "bring in", jointly building a new pattern of interconnectedness.
LCL (Less than Container Load) shipping provides businesses with flexible and efficient logistics solutions, particularly suited for shipments that do not fill an entire container. Its advantages include flexibility, reliability, and visual management, ensuring transparency and control throughout the transportation process. Both small and large enterprises can leverage LCL services to reduce costs, optimize inventory control, and achieve efficient operations, enabling rapid responses to market demands.
DHL Express is known for its speed, efficiency, and global coverage, but it also has relatively high service prices and strict cargo restrictions, along with risks associated with freight collect shipments. Understanding the advantages and disadvantages of this courier company is crucial for customers in choosing the right logistics services.
This article delves into key trends and future outlooks of the air freight market, discussing issues such as changes in cargo volume, the impact of tariff policies, and FAA personnel shortages. It also presents predictions for the peak season of 2025, aiming to provide valuable insights and considerations for industry participants.
