The Trump administration’s recent imposition of tariffs on certain goods means that importers may need higher bond amounts to comply with the higher tariff rates. The tariffs, which include the section 232 tariff applied to steel and aluminum imports and the section 301 tariff applied to goods imported from China, increase the amount of duties payable by importers. Since Customs Border Protection (CBP) determines sufficiency of continuous bonds through duties, taxes, and fees on a rolling 12-month basis, it’s crucial for importers to understand the new tariff changes and adhere to CBP’s requirements to avoid bond insufficiency. Having an insufficient bond can lead to cargoRead More →

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In: Industry News/Advisory

Improved productivity, cost savings, and environmentally smart. Those are just a few benefits of new state-of-the-art gate technology available at several container terminals in the Port of New York and New Jersey. As the third largest port in the U.S., handling about 3.8 million containers per year, predominately to a local market, the efficiency and productivity of drayage truck operations are critical to the port. Each of the port’s major container terminals (APM Terminals, GCT Bayonne, GCT New York, Maher Terminal, Port Newark Container Terminal and Red Hook Container Terminal) is using or installing innovative technology at the inbound and outbound gate complexes to helpRead More →

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In: Capital Investments, Industry News/Advisory

Increased use of waterways will provide additional freight transportation capacity along the congested I-95 corridor to supplement trucks in moving cargo to and from the Port of New York and New Jersey The Port Authority of New York and New Jersey and New York City Economic Development Corporation (NYCEDC) today announced the creation of the North Atlantic Marine Highway Alliance, which will seek to foster the use of barge services to offset the use of trucks and supplement rail cargo to and from the Port of New York and New Jersey. Recognizing the untapped potential and excess capacity of the coastal waterways, the Alliance willRead More →

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In: Capital Investments, Events

The Port of New York and New Jersey hit an all-time monthly record in August. Total volume for August 2018 was 651,752 TEUs (371,710 lifts) versus 631,404 TEUs (361,565 lifts) in August 2017, a 3.2% increase. Import loads (TEUs) were up by 4% in August 2018 vs. August 2017 and export loads (TEUs) decreased 0.2% in August 2018 vs. August 2017. Export empties increased 4.3% totaling 191,521 TEUs in August 2018 versus 183,655 TEUs in August 2017. Import loads for the month of August totaled 333,567 TEUs (189,383 lifts) versus 320,848 TEUs (183,466 lifts) in August 2017, a 4% increase. For period January through AugustRead More →

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In: Cargo Volumes, Monthly Cargo Volumes

Build your workforce by connecting with qualified candidates seeking employment within the transportation, logistics and distribution (TLD) industry. Join more than 25 other registered TLD businesses on October 4th to fulfill your employment needs with a diverse group of job seekers eager to make an impact. Take advantage of the opportunity to maximize exposure, educate attendees on potential career paths, and share information on the significance of the TLD industry. The event is free to all companies looking to participate as vendors and will be provided with tables, chairs, and refreshments. Register today by emailing [email protected]. Event details are as follows: When:  October 4th, 2018Read More →

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In: Events, Workforce Development