FTZ

Mexico free trade zones worth exploring for stateside international shippers

It’s no surprise that the U.S. West Coast ports have seen such horrendous congestion — everything seems to funnel through Southern California. 

The Port of Long Beach reported last month that it moved more cargo in 2021 than any year on record, handling 9,384,368 twenty-foot equivalent units. This represents a 15.7% year-over-year (yoy) increase in containers overall, including a 14.6% yoy increase in imports (4,581,846 TEUs), smashing the previous container record set just a year prior.

As the...

https://www.freightwaves.com/news/mexico-free-trade-zones-worth-exploring-for-stateside-international-shippers

Descartes acquires QuestaWeb, foreign trade zone solution

Descartes Systems Group (NASDAQ:DSGX), a global leader in on-demand, software-as-a-service solutions, announced Monday it has acquired QuestaWeb, a premier provider of global trade management (GTM) solutions. Descartes acquired Clark, New Jersey-headquartered QuestaWeb for approximately $36 million, satisfied from cash on hand, a news release said.

QuestaWeb’s web-based GTM is a foreign trade zone (FTZ) solution that allows logistics services providers (LSPs) and importers to automate processes...

https://www.freightwaves.com/news/descartes-acquires-questaweb-foreign-trade-zone-solution

Post-Brexit VAT on overseas parcels would be a ‘no-deal stealth tax’

Further scrutiny is being heaped on the UK government’s Brexit strategy with claims of a “no-deal stealth tax” and calls for special economic status for freight gateways.  
Head of consumer research at Parcelhero David Jinks has slammed the government’s £900m ‘Get Ready for Brexit’ campaign, claiming it provides business with “little new information”.  
He added: “But it does reveal that the £15 VAT threshold on overseas parcels would be quietly scrapped, should there still be …

The post Post-Bre...

https://theloadstar.com/post-brexit-vat-on-overseas-parcels-would-be-a-no-deal-stealth-tax/

FTZ designation aims to boost Montreal’s international cargo flows

In the jostle for transatlantic traffic, Montreal has added a foreign-trade zone (FTZ) to its arsenal of incentives to attract business.
The  FTZ designation covers the entire metropolitan Montreal area, allowing companies to import goods for manufacturing or assembly duty-free for up to four years, provided the final product leaving the zone is for export.
Transport interests in Montreal, under the umbrella of CargoM, have vied for FTZ status for the region …

The post FTZ designation aims to...

https://theloadstar.com/ftz-designation-aims-to-boost-montreals-international-cargo-flows/