CLIFF NOTES: Week of August 14, 2019

FMCSA Proposes Changes to Hours-of-Service Rules

On August 14, the FMCSA (Federal Motor Carrier Safety Administration) announced a proposal to change HOS (hours-of-service) rules. The proposed rule would involve five key initiatives, providing flexibility that would generate an estimated $274 million in savings for American consumers and our economy. Elaine L. Chao, U.S. Transportation Secretary, stated that the “proposed rule seeks to enhance safety by giving America’s commercial drivers more flexibility while maintaining the safety limits on driving time.” A public comment period will be open for 45 days once the proposal is published in the Federal Register. To read more, click here.

Additional S301 List 4 Duties Implemented

On August 13, 2019, the USTR (United States Trade Representative) announced that List 4 of the S301 tariffs, covering approximately $300 billion of Chinese imports, has been scheduled with a start date of September 1, 2019. List 4 includes a total of 3,784 HTSUS provisions. Yesterday, USTR announced that the S301 List 4 has been divided into List 4A and List 4B. The additional 10 percent duties on List 4A are scheduled to go into effect on September 1, 2019, while the additional 10 percent duties on List 4B will go into effect on December 15, 2019. To view the announcement, click here.

U.S. Consumer Prices Rose 0.3 Percent in July

According to the U.S. Department of Labor, U.S. consumer prices increased 0.3 percent in July 2019, affected by a rise in expenses such as fuel, housing and medical care. Additionally, the consumer price index rose 1.8 percent compared to July 2018, up from 1.6 percent in June 2019. Last month, prescription drug costs increased by 0.4 percent, airline fares rose 2.3 percent and clothing prices jumped 0.4 percent. To read more, click here.

Statistic of the Week

26.4 Minutes

The average travel time to work for workers age 16+ from 2013-2017, according to the U.S. Census Bureau. To view more statistics, click here.

Links of the Week

Port of Savannah Sets Intermodal Cargo Record in July; Achieves 10.5 Percent Growth

DAT Trendlines – Week of August 5, 2019

Diesel Prices Continue to Drop

Upcoming Events

Catch up with the Ascent Global Logistics team at the below upcoming events:  

NATIONAL FIREWORKS ASSOCIATION EXPO
Branson, MO – September 8-13, 2019

2019 NAFA ANNUAL CONVENTION
Montreal, QC – September 11-13, 2019

International Holiday Calendar

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