Please be advised that a Trump administration official has announced that the 15 percent tariffs on goods from China to the U.S. included on list 4A will be reduced to 7.5 percent thirty days from yesterday (January 15, 2020). President Trump previously announced the decrease, but it was not mentioned in materials released as part […]
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Entries by aglmain
President Trump has announced that the Section 301 tariffs on goods from China that were set to take effect on December 15 have been cancelled, citing agreement on Phase 1 of a deal to ease China-US Trade tensions. Further negotiations between both countries are expected to begin immediately. In addition, the 15 percent tariff that […]
Ocean freight carriers are beginning to announce substantial BAF increases for the first quarter of 2020 to offset the costs associated with ensuring their fuel is IMO 2020 compliant. The IMO 2020 regulations are in place to help curb sulphur emissions from marine fuels, and all carriers are expected to be in compliance by January […]
Following months of protests in Hong Kong, blocked railways and roads are causing pickup delays for freight in the area. Though there are presently no delays for the ocean and air channels, the delay in pickup can result in freight reaching its destination slower than expected. AGL is closely monitoring this situation and will advise […]
On October 11, 2019, president Trump announced the cancellation of the October 15 tariff hike, providing a considerable relief on tariffs applied to Chinese imports. That hike would have taken Section 301 additional tariffs of 25 percent to 30 percent on Lists 1, 2 and 3, about $250 billion worth of imports. This announcement comes […]
Forbes – An earthquake damages your manufacturing facility, a strike at a port has delayed shipments to your store or political uncertainty has left your planning and forecasting in chaos. Today’s supply chains are complex global networks that face a growing host of risks, including natural disasters, labor unrest, transportation delays, political uncertainty and cyberattacks. […]
The International Longshore and Warehouse Union (ILWU) will observe a special stop work meeting for union business on Thursday, Oct. 3, 2019, starting at 5 p.m. Consequently, no marine terminal gates at the Ports of Los Angeles and Long Beach will be operating between 5:00 p.m. October 3rd through 3:00 a.m. October 4th.
Port Calls Asia – Most shippers are not making the most of the growing number of technology tools at their disposal in optimizing operations, according to the results of a survey by American Global Logistics (AGL). AGL, a customized logistics solutions provider, said that while technology is driving tremendous change for supply chains and making […]
Technology is driving tremendous change for supply chains across the spectrum. From gaining visibility into purchase orders to connecting end-to-end processes, shippers have a growing number of tools at their disposal to optimize operations. But are they making the most of them? In a recent customer survey, AGL uncovered several key technology trends that are […]
The International Chamber of Commerce (ICC) has officially released Incoterms 2020. The updated Incoterms will take effect January 1, 2020 and will replace the current Incoterms (Incoterms 2010). The ICC has published the Incoterms for purchase on their website. Per the ICC, some of the major changes from the current Incoterms are as follows: Incoterms® […]