New England Motor Freight (NEMF) announced on February 11, 2019 that it voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of New Jersey in Newark.
In February, we often celebrate Valentine’s day with candy and flowers for the people who have a special place in our heart. This month’s compliance circular is going to focus on some of the people at the heart of the international freight forwarding industry, the Customs Brokers.
Cargo insurance is one of the most proactive steps companies can take to protect their supply chain. Insurance safeguards shippers’ financial investments during domestic and international transit. While in transit, cargo is susceptible to natural disasters, severe weather, theft, pilferage, damage, fire and other challenges.
Believe it or not, it is still possible to ship items ahead of Chinese New Year. Starting on February 5, 2019, all manufacturing in and shipping to and from Asian ports will be affected by the celebration of Chinese New Year.
Earlier this month, a fire broke out on the Hapag-Lloyd vessel Yantian Express as it departed from the Canadian port of Halifax. Crews immediately began attempts to extinguish the fire, however, the weather hampered efforts and there was severe damage to the vessel and cargo onboard.
As the longest United States government shutdown in history continues, importers, exporters and trade agencies are beginning to feel the impacts. Typically, organizations such as the Federal Maritime Commission (FMC) and US Customs and Border Protection (CBP) would be in high gear.
As the new year begins, many will make New Year’s resolutions to save money, lose weight, get in shape, travel more, read more books, learn a skill or hobby and a whole host of other goals.
In a time where domestic shippers face capacity issues and driver shortages, it is important that you re-evaluate your promotional product shipment strategy. Fortunately, the shipping experts at Ascent Global Logistics have the tools and knowledge to help you beat the odds and overcome your promotional product shipping challenges.