News

Market and Service Update March 19, 2019

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 the imbalance between existing demand for container space and container capacity.
Additionally carriers typically use the void sailing as time to do routine maintenance and repairs.
The void sailing may create a shortage of space and thus would request clients to forward their booking requirements as far in advance as possible (hopefully 21 days in advance of scheduled sailing) thus allowing USPTI to continue offering quality, dependable and reliable service at market driven rates.
Please contact your USPTI representative for details of void sailing and available options to insure your import requirements are satisfied.
U. S. Pacific Transport appreciates your continued supports and look forward to maintaining a long term strategic relationship.

Trans-Pacific Inbound Market Update September 26, 2018

Trading conditions in the Trans-Pacific continue to remain volatile.

USPTI anticipates a strong market in late October, November and early December as
clients push to have goods received and entered into US commerce prior to the proposed
additional increases in tariffs (import duty) to 25%. The anticipated increase will impact the vast
majority of import items and potentially create strong volume demand for receipt in the USA prior to December 31,2018.

USPTI will continue to monitor trading conditions, as well as. maintain a vigilant watch on the ongoing trade negotiations between the United
States and China on the increased tariff levels.

Peak season pricing will most like continue for the time frames noted above. We anticipate rate for the peak season to remain
consistent with pricing in mid-September. Please contact your USPTI representative for a complete cost/rate analysis and market update.

Additionally please insure you are providing USPTI with your forecasted needs and so that we can reserve and protect your required space.

USPTI is committed to providing quality reliable international transport services at market driven rates.

At USPTI, we appreciate your support and look forward to long term relationship of services.

Trans-Pacific Import Trade Update August 20, 2018

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 disruption to ETD and impacting the actual ETA.

We anticipate the disruption to be short term and directly relates to safety and weather condition. The major impact will be from now (August 20, 2018) thru the first week of September.

We apologize for any inconveniences created by this uncontrollable situation and will make every effort to minimize any impact to your supply chain.

Please contact your USPTI representative with any questions or concerns.

Thank you for your continued support and we look forward to serving as your preferred transportation provider.

Trans-Pacific Import Trade Update August 16, 2018

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 potential tariff increases. Although no final date has been confirmed for pending tariff increases, we anticipate the issue will not be concluded until late September or October thus continuing the volume surge through September and potentially October in an effort to potentially avoid duty increases.

Container carriers are fully booked for the foreseeable future. Rates have adjusted to reflect current trading conditions.

The historical additional pitfalls of a peak season will also most likely impact your supply chains. Lack of truck availability, terminal congestion and equipment shortage at origin will potentially raise their ugly heads in the near future.

Challenges will continue. USPTI is prepared to assist in your effort to minimize your expose to these external forces by continuing to offer quality reliable service at market driven rates.

Our dedicated staffs in both the USA and China are committed to assisting in your efforts to minimize any potential disruptions to your import program.

Thank you for your support.

Please contact your USPTI representative with any concerns or comments.

USPTI Market Update August 14, 2018

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 whenever possible.
Although container space is at a premium, USPTI is prepared to meet the needs of our clients on all shipments. We remain committed to offering quality reliable services at market driven rates.
Please contact your USPTI representative for updated trading conditions and current rate
Thank you for your support and we look forward to a continuing relationship of service.

Trans-Pacific Market Update July 31, 2018

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 premium
In the short term. Due to current relationship between supply and demand rate have increases substantially and are non-negotiable

In our efforts to protect your interest, please book your cargo at minimum 21 days prior to sailing. Any additional lead time would be
appreciated and would greatly assist in our effort to secure the space you require.

Thank you for your support.

Please contact your USPTI representative with any question.

Trans-Pacific Market Update July 25, 2018

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 possible so that USPTI can work with you and our carriers to reserve your required space in order
to insure that your cargo moves consistent with your required ETD and ETA.

USPTI will continue to provide you with quality and reliable service.

The uncertainty of trading conditions is expected to continue in the short term. We remain committed to servicing your individual requirement.

Thank you for your continued support as we build a long term relationship together.

Please contact your USPTI representative with any questions or concerns.

USPTI Market and Trade Update July 2018

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 the growing uncertainty regarding Sino-US trade relations has added to the complexity to trading conditions. An additional 200 billion dollar tariff increase was announced by USTR on July 11,2018 regarding an additional 10% duty increase. The most recent announced increase  list will covers general merchandise including but not limited to food products, stationary, household goods, building materials, fabric goods, refrigerators and furniture.etc….. Please note the below link for full details

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2018/july/statement-us-trade-representative

 

In addition to the 7/11 announcement the link below includes the full details of of the initial list 1 and 2 tariff increases

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2018/june/ustr-issues-tariffs-chinese-products

 

In addition to above issues impacting our businesses, once again merger Rumors and discussions are surfacing. Carriers are removing entire vessel strings as well as reducing the number of veseels on other strings.

All the above combined will artificially adjust supply and demand. USPTI anticipates space and service to be at a premium during the historical peak season. We request that if possible you provide a  monthly forecast so that we can secure the space and services required. Furthermore we would request that book your cargo at a minimum 14 days prior to departure.

USPTI is confident that with open communication between  our companies, USPTI can provide you with efficient and reliable services.

Thank you for your past support and we look forward to a long term relationship of service.

Please contact your USPTI representative with any questions or if you require further details.

 

 

USPTI Monthly Update June 20, 2018

Duty Increases

As 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.S tariff lines.

The first set contains 818 lines of the original 1,333 lines that were included on the proposed list published on April 6.  These lines cover approximately $34 billion worth of imports from China.  USTR has determined to impose an additional duty of 25 percent on these 818 product lines after having sought and received views from the public and advice from the appropriate trade advisory committees.  Customs and Border Protection will begin to collect the additional duties on July 6,2018.

The second set contains 284 proposed tariff lines identified by the interagency Section 301 Committee as benefiting from Chinese industrial policies, including the “Made in China 2025” industrial policy.  These 284 lines, which cover approximately $16 billion worth of imports from China, will undergo further review in a public notice and comment process, including a public hearing.  After completion of this process, USTR will issue a final determination on the products from this list that would be subject to the additional duties.

The HTS lists can be found in this link ( click first/second set)

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2018/june/ustr-issues-tariffs-chinese-products

USPTI Monthly Update June 5, 2018

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 account of the cargo. With an anticipated peak season in the near future carrier are also filing general rate increases. It should be noted that in many cases the bunker and increases will apply to service contracts thereby increasing the base rates on all cargoes.

 

USPTI continues an open dialogue with our core carriers to insure we are able to deliver reliable quality service at market driven rates. USPTI anticipates the market to be relatively robust for the next 60 to 90 days and thus advise clients to potentially anticipate cost increases.

 

Please insure you are compliant with China Customs Advanced Manifest requirements

 

Our commitment to our clients is to develop a long term relationship of service based on service, integrity and honesty.

 

Thank you for your support and please feel free to contact your USPTI professional with any questions or concerns.