USMCA Expected to Boost Cross Border Trade
It is expected that the new trade agreement between the United States, Mexico and Canada will have a positive impact on the North American economy. U.S. exports to Canada and Mexico are expected to increase by $19.1 billion (5.9 percent) and $14.2 billion (6.7 percent), respectively. Read more here.
West Coast Clean Transit Corridor Initiative
In order to reduce emissions, electronic charging stations are beginning to be implemented along Interstate I-5, which stretches from the Canada to Mexico border. According to the U.S. Department of Transportation, more than 8,500 trucks travel this highway each day. Read about it here.
The GSP eligibility for imports from Turkey and India is scheduled to terminate shortly, with the designated waiting period coming to an end on May 4, 2019. Various reasons have been cited for the change, which will increase the duty rates for eligible items from reduced or free to the general rate. Contact us to learn more.
JIT Shipping Vessels Improve Shipping Schedules
According to The Loadstar, shipping vessels spend an annual average of 15 days anchored at a port. Learn how MarineTraffic is using this data to improve JIT supply chains here.
24/7 Customs Operations to Begin at Port of Manzanillo
The Mexican Customs Administration recently stated that it plans to operate twenty-four hours a day and seven days a week at the Port of Manzanillo to process cargo more efficiently. Contact our team to learn more.
Walmart Debuts Reusable Bags at Checkout
Walmart recently announced it will offer reusable bags at all U.S. store checkouts as part of its larger sustainability goal of removing 1 gigaton of emissions from global value chains by 2030. Read more about the initiative here.
Climate Change Causes An Impact on Retail
Consumers have become more conscious of sustainable business practices and are looking to retailers to prove that supply chains are being optimized to reduce the industry’s impact on climate change. Learn more about the correlation between retail and the environment here.
Statistic of the Week
U.S. International Exports increased by $2.3 billion from January 2019 to February 2019. Click here to access more stats.
Links of the Week
Catch up with the Ascent Global Logistics team at the below upcoming events:
2019 PPAI EXPO EAST
Atlantic City, NJ – June 3-5, 2019
2019 3PL AND SUPPLY CHAIN SUMMIT
Atlanta, GA – June 10-12, 2019
International Holiday Calendar