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Uyghur Forced Labor Prevention Act Region Alert 2560 1707 Transmodal

Uyghur Forced Labor Prevention Act Region Alert

On March 18, 2023, CBP will deploy the Uyghur Forced Labor Prevention Act (UFLPA) Region Alert enhancement to the Automated Commercial Environment (ACE). This enhancement will provide an early notification to importers and their representative of goods that may have been produced in the Xinjiang Uyghur Autonomous Region (Xinjiang or XUAR) and may be excluded…

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What are INCO Terms? 2560 1438 Transmodal

What are INCO Terms?

International Commercial Terms, also known as INCO phrases, are a set of standardized terms that are used in international trade to specify the responsibilities of buyers and sellers in a more precise manner. When determining who is liable for the costs of shipping, insurance, and any other expenses connected to the movement of products, these…

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Aerial view of a working dock and cargo ship begin loaded by a crane
Logistics Market Update – January 2023 690 518 Transmodal

Logistics Market Update – January 2023

It’s feels like the pendulum has swung—from boom to bust. The last few years had segments of the industry beside themselves in glee as they raked in huge profits. But the boom is bust, and it’s time to stop swaggering. The party is over for ocean carriers especially, and they’re preparing for things to get…

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Dock cranes and docked cargo ship
Logistics Market Update – December 2022 630 440 Transmodal

Logistics Market Update – December 2022

News from around the global logistics industry: Earlier this month, a brand-new 24,004 teu carrier named the Ever Atop made its maiden voyage. It’s the world’s largest boxship — in terms of capacity — to date and is one of 10 new A24 carriers for Evergreen. It made its maiden voyage less than three-quarters full,…

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Overhead view of dock crane unloading containers from a cargo ship
Logistics Market Update – November 2022 690 518 Transmodal

Logistics Market Update – November 2022

Here’s our November 2022 Logistics Market Update. Earlier this month, an issue of the Global Port Tracker shared that retailers are not feeling optimistic. The prediction is that this month’s containerized imports will drop 9.2% in comparison to November 2021. Further, December imports are expected to drop 9% year-over-year, and this downward trend will continue through…

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Row of trucks against a background of stacked containers
Logistics Market Update – October 2022 690 518 Transmodal

Logistics Market Update – October 2022

Here are some of the top global shipping news stories for October. For the last several years, the norm has been to hear about port congestion on the US West Coast. However, West Coast ports are reporting their second month of decreased congestion. On the flip side, thanks to typhoons in the East, the ports…

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Docked container ship at dusk with dock cranes in the background
Logistics Market Update – September 2022 1920 615 Transmodal

Logistics Market Update – September 2022

While the pandemic isn’t really over, in a lot of aspects, it is. Life is returning to a slightly skewed version of our pre-pandemic norms. So what’s up with the supply chain? Why are we still dealing with such widespread disruptions? First off, little disruptions and ripples have always been relatively easy to course-correct. But…

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Cargo waiting to be loaded on cargo plane in the background
Logistics Market Update – August 2022 1920 615 Transmodal

Logistics Market Update – August 2022

The industry is used to hearing news about port congestion and ships loitering as they wait for berths—at least at the West Coast ports of Los Angeles and Long Beach. But the tide has shifted. As carriers try to escape the backlog in the west by moving to the east, the problem has followed along…

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Bow of docked cargo ship at dusk
Logistics Market Update – July 2022 690 518 Transmodal

Logistics Market Update – July 2022

Sluggish supply chains could get even slower going forward. The green shipping initiative has had the industry concerned about increased costs, but now decreased speed could be a factor as well. This is because of the lack of insight shipping companies have into what type of fuel they’ll need to use. To offset that lack of…

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