by Alex Pappas | Sep 24, 2019 | Compliance, Supply Chain Dictionary
Ever-increasing tariff or duty rates are having a dramatic impact on US importers’ landed cost. These additional expenses negatively impact sales and restrict business growth. Perhaps it would be wise to consider potential cost-saving alternatives. One option is known...
by Alex Pappas | Jul 1, 2019 | Compliance, Freight Forwarder, Logistics, Supply Chain Dictionary
What is an FTZ? Foreign Trade Zones (FTZ’s) are designated geographical areas (typically warehouses) governed by U.S. Customs. Generally located around major ports throughout the country, FTZ’s were created by the Foreign-Trade Zones Act of 1934 to encourage trade...
by Alex Pappas | May 31, 2019 | Compliance, Freight Forwarder, Logistics, Supply Chain Dictionary
Anatomy of an HTS Code HTS is the abbreviation for Harmonized Tariff Schedule. The HTS is a master list of 10-digit codes that classifies internationally traded goods. It was developed in 1988 by the World Customs Organization – not only to determine the duty...
by Corina Meoño | Apr 26, 2019 | Compliance, Logistics, Supply Chain Dictionary
Imagine for a moment your freight has arrived at the port. Five days have passed, and your cargo still has not left the terminal. What could have happened? Poor communication and coordination, disputes, and lack of contingencies could explain the delay. Other than the...
by Alex Pappas | Mar 25, 2019 | Air Freight Forwarding, Compliance, Supply Chain Dictionary
The Known Shipper Management System (KSMS) is a program the Transportation Security Administration (TSA) uses to qualify shippers to load cargo on passenger planes in the U.S. The purpose of the KSMS is to enhance international and domestic airline safety and...
by Alex Pappas | Feb 22, 2019 | Behind the Scenes, China, Compliance, International Fun Facts, Logistics
Podcast Transcript: Wade Carlson: Forget the trade war; China’s got bigger problems Hey, everyone. Welcome to the PortCast, where we speak logistics. Since the global financial crisis China’s economy is...
