Trans-pacific Import trading conditions are being impacted by uncertainty in duties and in general a concern over general economic conditions.Although volume is not anticipated to peak as substantially as in the past, carriers are voiding sailing which impacts supply and demand on a weekly base. Alt...
The First Sale rule could offer significant tariff savings for US importers.However, few companies have adopted this rule in practice, as the legal requirements, documentation headaches, and practical problems involved can be daunting at the beginning.Firstly, the multi-tier transaction generally mu...
Dear Valued Client,USPTI senior management is in Asia for the routine yearly travel schedule and preparing for the spaces allotment and protection for our clients during the upcoming peak season.During all the meeting and discussion with various ocean carriers we anticipate available container space...
As we move toward the historical Trans Pacific Eastbound contracting renewal season (May 1 ) we draw your attention to numerous blank (cancelled) during March, April and May. As carrier struggle with supply and demand, many carriers are opting to cancel sailings in an effort to artificially address ...
Trading conditions in the Trans-Pacific continue to remain volatile.USPTI anticipates a strong market in late October, November and early December asclients push to have goods received and entered into US commerce prior to the proposedadditional increases in tariffs (import duty) to 25%. The anticip...
Dear Valued Client;Please be advised that the Shanghai and Ningbo areas are being negatively impact by inclement weather.The area is under typhoon warning/alerts for several potential storms.Due to weather related condition carrier will typically adjust their schedules. We anticipate potential disru...
Dear Valued Client;The Trans-Pacific Import market remains robust. In addition to the historical surge of import volume during this time of year we opine that the ongoing dialogue between the world’s two largest GNP’s on tariffs is creating a rush to get goods entered into the USA prior to scheduled...
The Trans-Pacific import market continues to be robust.Current demand for container space is exceeding available space. With cargo volume exceeding supply rates are increasing rapidly.We request our clients to book a minimum of 14 days prior to sailing and would recommend 21 days prior to sailing wh...
Dear Valued Client;The Trans-Pacific inbound markets continues to be volatile. Demand for container space is currently greater than supply.We anticipate demand to exceed supply for the next 45 to 60 days at minimum. Please plan accordingly.We request each to send your booking request as early as pos...
Dear Valued Client;The Trans-Pacific inbound market is extremely robust.All carriers are currently booked at 100% capacity through August 14. USPTI anticipates container space to be at a premiumIn the short term. Due to current relationship between supply and demand rate have increases substantially...
Dear Valued Client;To date this year, we have seen rising fuel prices, new environmental regulations, tighter intermodal capacity, trucker shortages, occasional labor issues, etc. These factors have created a chaotic environment in world trade and specifically in the Trans-Pacific trade.Additionally...
Duty IncreasesAs international politics continue in the ongoing trade negotiations, the U S Department of Treasury has issued a first and second set of items that will be impacted and duty increases of 25% to be applied on set one effective July 6,2018.This list of products consists of two sets of U...
Below please find several articles outling the proposed increases in bunker as well as scheduled general rate increases. Additional please note the update/changes for China Customs Advanced Manifest, The price of oil continues to escalate carriers are prepared to pass the increases on to the ac...
Over the past several years the landscape of international ocean carriers has changed dramatically. Mergers, acquisitions and bankruptcy combined with ocean carrier alliances restructurings have been at the fore front of international trading news. Some of the changes are: A brief summary of s...
The U.S. Domestic & International trucking sectors are currently facing a number of challenges that are causing a significant shortage of available trucking capacity.Those major factors which are responsible for impacting truck power capacity are as follows:– Diminishing driver workforce / Diffi...
USPTI and our clients continue to watch rates change rapidly. As previously note in our market updates; rates remain volatile. We anticipate rates to remain volatile thru mid-January and then begin to inch upward in anticipation of Chinese New Year. Supply and demand continue to be imbalanced and wi...
West Coast Ocean Freight Trend for year 2016 – 2017East Coast Ocean Freight Trend for year 2016 – 2017...
Trading conditions remain volatile in the Trans-Pacific import market. The anticipated historical peak season was short lived with volume near achieving levels that exceeded supply. Although one could anticipate a spike in volume prior to Chinese New Year, USPTI anticipates the market to be at...
Dear Valued Customer:As we move through the historical peak season in the Trans-Pacific Import trade, USPTI would offer the following comments related to current and anticipated trading conditions. Overall cargo volume continues to increase.East Coast With the opening of the expanded Panama Canal, t...
January 2015 – The International Maritime Organization (IMO) has amended the Safety of Life at Sea Convention (SOLAS) to require, as a condition for loading a packed container onto a ship for export, that the container has a verified weight. The shipper is responsible for the verification of th...