Unitrans Global Logistics Newsletter | Edition 81 | January 22, 2018
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Unitrans International Logistics Global Newsletter

In Edition 81:
> E-commerce Demand Increase Airfreight Rates
> New Regulations For Trade With Israel
> Maersk & IBM Announce New Joint Venture
> GSP expired on December 31, 2017
> Large All Electric Container Barges Launching This Autumn

Links of the Week

Winter Storm 'Inga' Causing Widespread Disruption Across U.S. Logistics Sector

Perishables 'hard truth' Discussed by Cool Chain Association

Reefer Demand Remains High in Mid-Winter

Unitrans Newsroom

E-commerce Demand Increase Airfreight Rates

Consumer expectations and demands are changing the world of airfreight. Retailers are paying well above the market rate to ensure space for their critical product launches. This is leaving less air cargo capacity and pushing the price up for space. "Global airfreight traffic climbed almost 9% year over year in November, the start of the peak shipping season, and rates for airfreight were up 17% annually for the month, the biggest price increase since the aftermath of the financial crisis according to cargo data provider WorldACD." For more information, please refer to your Unitrans representative.

New Regulations For Trade With Israel

As of January 14th 2018, Customs has entered a new regulation for the Free Trade Area of Israel/USA. It is no longer necessary to issue a certificate of origin for shipments between the United States and Israel. The new regulation requires a declaration signed and stamped by the shipper. In addition, the consignee will need the original invoice sent to their office for their records should customs ask for it. The Certificate of Origin will be accepted until March 01, 2018, at which time only the new declaration will be accepted. For more information, please refer to your Unitrans representative.

Maersk and IBM Announce New Joint Venture

Maersk Line and IBM recently announced the intention to establish a new joint venture that will use blockchain technology to create a revolutionary global trade platform. The digitization is aimed at improving supply chain visibility, decreasing transportation costs and removing inefficiencies due to paper-based processes. Click here to read more

Maersk and IBM Announce New Joint Venture

GSP expired on December 31, 2017

The expired Generalized System of Preferences (GSP) trade program is currently affecting US importers who have lost their eligibility for duty-free treatment on their products and now required to pay duties. As in the past when GSP was reauthorized, imports of GSP-eligible products may seek reimbursement for tariffs paid during the lapse in GSP coverage. Unitrans will continue to monitor any changes and update our clients accordingly. For additional information.

Large All Electric Container Barges Are Launching This Autumn

The Dutch company Port-Liner is building two giant all-electric barges dubbed the 'Tesla ships'. The company announced that the vessels will be ready by this autumn and will be inaugurated by sailing the Wilhelmina canal in the Netherlands. The battery-powered barges will be capable of carrying 280 containers. The first 6 barges are expected to remove 23,000 trucks from the roads annually in the Netherlands and replace them with zero-emission transport.

All Electric Container Barges

International Holiday Calendar

*Holidays do not necessarily indicate close of business*

 


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