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Why US Import, Export Prices Jumped Two Months In A Row
Wednesday, July 15, 2020 - 3:29pm | 326Read More...The price index for U.S. imports as well as exports rose 1.4% during June, the Bureau of Labor and Statistics said Tuesday. This marks two consecutive months of price index increases. What Happened: Export price increases can be heavily attributed to higher fuel prices. When June CPI...
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Navigating The Ins And Outs Of Import And Export Terminology
Friday, March 6, 2020 - 12:20pm | 1765Read More...DAF, DES and DDU were replaced with DAP. DEQ was replaced with DAT. Then DAT was replaced with DPU. Got that? Incoterms — International Commercial Terms — have been published by the International Chamber of Commerce (ICC) and used in sales contracts globally for imports and exports since 1936....
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USDA Expects Sunny Outcome For Ag Exports To China
Wednesday, February 26, 2020 - 8:50am | 524Read More...The U.S. Department of Agriculture on Tuesday attempted to assure American farmers that a recently negotiated trade deal between the U.S. and China is starting to make headway. "President Trump and this Administration negotiated a strong trade agreement with China that promises significant...
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US Tightens Export Controls For Russia, Yemen
Tuesday, February 25, 2020 - 8:54am | 410Read More...The Commerce Department's Bureau of Industry and Security (BIS) is undertaking a comprehensive review of all Country Groups in the Export Administration Regulations (EAR) to ensure they reflect current U.S. national security and foreign policy interests. BIS is reassigning Russia from more...
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US Nuclear Medicine Suppliers Welcome HEU Export Ban Delay
Tuesday, January 21, 2020 - 9:37am | 664Read More...The U.S. Energy Department's planned ban for licensed exports of highly enriched uranium (HEU) for medical isotope production will be delayed for two years to give the nuclear medicine industry more time to develop adequate supplies of a less radioactive alternative. The export ban of HEU was...
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DOJ Emphasizes Business Cooperation For Export Penalty Mitigation
Monday, December 16, 2019 - 2:14pm | 518Read More...The U.S. Justice Department (DOJ) has updated its 2016 policy to encourage companies to voluntarily self-disclose export control and sanctions violations to the department. The department said the revised Export Controls and Sanctions Enforcement Policy for Business Organizations signals its "...
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Removing Sting Of Penalties For US Export Data Errors
Friday, December 6, 2019 - 4:54pm | 1068Read More...U.S. Customs and Border Protection officials have taken to calling penalties for minor export information filing mistakes in the Automated Export System (AES) "parking tickets," but it's much more than that to America's exporters of agriculture products. The Washington, D.C.-based Agriculture...
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Major Logistics Provider Tasco Reports Mixed Bag Of Financial Results
Monday, December 2, 2019 - 11:36am | 1589Read More...Integrated logistics services provider Tasco (BM: 5140) has reported second quarter 2019 revenues of 190.7 million Malaysian ringgit ($45.5 million) alongside a net profit of 4.3 million ringgit ($1.0 million). Although net profits have surged in the company's second quarter, analysts are...
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UN Takes Aim At US Trade Policy
Friday, November 1, 2019 - 8:43am | 788Read More...The uncertainty caused by rising protectionism will slow growth across the maritime sector over the next five years, according to a major new report from the United Nations (U.N.). In a thinly veiled swipe at the trade policies of President Trump, the report said "trade tension and growth in...
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Exports Boost Canada's Economy
Friday, August 30, 2019 - 2:46pm | 213Read More...Canada's economy grew by 3.7 percent in the second quarter of 2019 as a surge in exports offset weaker domestic demand. Trade largely fueled the increase in real gross domestic product (GDP) reported by Statistics Canada on August 30. Broad strength in exports included a 3.7 percent increase in...
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Commentary: Decline In Exports Hurts Agricultural Producers And Railroads
Friday, August 9, 2019 - 9:28am | 813Read More...FreightWaves features Market Voices – a forum for voices with unique knowledge of numerous transportation/logistics/supply chain sectors, as well as other critical expertise. Earlier this week China hit the U.S. with a figurative bombshell when it announced that it would not purchase any more...
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Asparagus Exports Go Boom Heading Into 2019
Monday, March 4, 2019 - 11:31am | 1122Read More...February and March are peak months for California and Mexico asparagus air exports. Ground zero for these movements is Los Angeles International Airport (LAX). Along with cherries and strawberries, asparagus is one of the top three perishable products based on tonnage exported each year by air from...
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The States With The Most Employment Exposure To Exports, Foreign-Owned Companies
Sunday, April 15, 2018 - 4:09pm | 538Read More...Amid a potential trade war with China, President Donald Trump directed staff to look into renegotiating U.S. participation in the Trans-Pacific Partnership agreement, according to reports. "That's really good news for America," Sen. Ben Sasse (R-Nebraska) said following a White...
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Pastel Paintings And Landmines: 7 Of The Weirdest Top State Exports
Monday, March 5, 2018 - 4:26pm | 772Read More...Whiskey’s a top Kentucky export, and lobsters rank first in Maine, but that probably doesn’t come as a surprise. Many of the U.S.’s top state exports only serve to reinforce state-by-state caricatures. It’s fitting that Rhode Island’s 11th-strongest seller is sailboats...
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Qualcomm, Cisco Hurt By U.S. ZTE Trade Restrictions
Tuesday, March 8, 2016 - 1:11pm | 408Read More...QUALCOMM, Inc. (NASDAQ: QCOM) and Cisco Systems, Inc. (NASDAQ: CSCO) are in for some negative headwinds, according to a recent JPMorgan research note. Due to forthcoming exportation trade restrictions by the United States against China's ZTE CORP ‘H'CNY1 (OTC: ZTCOF) (SHE: 000063) (HKG: 0763), a...
