CLIFF NOTES: Week of July 24, 2019
FMCSA Seeks CDL Testing Process Flexibility
On July 24, the Federal Motor Carrier Safety Administration (FMCSA) proposed a rule that would provide CDL applicants with the opportunity to take the mandated specialized and general knowledge tests in any state. Currently, CDL applicants must test in their state of residence. The FMCSA’s proposal specifies that states would not be required to offer tests to applicants who live out-of-state. Ray Martinez, FMCSA Administrator, stated that “reducing burdens and expenses on CDL applicants has the potential to increase the number of available drivers.” To read more, click here.
U.S. to Pay Farmers Affected by China Trade War a Minimum of $15 per Acre
On July 23, Sonny Perdue, U.S. Agriculture Secretary, announced that the U.S. government will distribute aid packages to farmers affected by the U.S.-China trade war. Farmers will be compensated a minimum of $15 per acre. Soybeans have been one of the trade disputes’ most impacted exports, with shipments to China dropping to a 16-year low in 2018. To read more, click here.
Duty Drawback: A 101 Guide
Duty Drawback is a Customs and Border Protection (CBP) program where companies are refunded up to 99% of customs duties, taxes and/or fees that were previously levied upon imported merchandise, and of internal revenue taxes paid on domestic alcohol as well as other excise taxes. The team at Ascent Global Logistics is ready to help you work through these complexities by determining if your situation qualifies for the Drawback Program. To read more on our blog, click here.
Statistic of the Week
28 Quadrillion BTUs
The amount of total U.S. energy consumption by the transportation sector in 2018, according to the Bureau of Transportation Statistics. To view more statistics, click here.
Links of the Week
Catch up with the Ascent Global Logistics team at the below upcoming events:
TUPELO FURNITURE MARKET
Tupelo, MS – August 15-18, 2019
NATIONAL FIREWORKS ASSOCIATION EXPO
Branson, MO – September 8-13, 2019
2019 NAFA ANNUAL CONVENTION
Montreal, QC – September 11-13, 2019
International Holiday Calendar