US imports

US trade plumbs new depths, with fears the misery may last until next year

Although the US went through a phase of re-opening in June, intermodal traffic volumes remained stubbornly depressed.
With mounting concerns of further downward pressure on the economy from Covid-19, this is causing worries that its recovery will remain elusive for the reminder of the year.
Statistics published by the Intermodal Association of North America (IANA) show further declines across the board in June, with total intermodal shipments for the month down 4.9% …

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US container imports fall 10% in June, but west coast ports pull traffic back

In a reversal of the trend of the past year, US west coast ports fared better in comparison with their east and Gulf coast gateway rivals last month, recording a smaller decline in container imports.
According to the latest monthly statistics compiled by New York-based consultancy Blue Alpha Capital, container imports into the top ten US ports declined by 10.2% in June, compared with the same month of last year, to …

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Demand spike and blank sailings make US importers scramble for capacity

Just as their inbound flows are building up, US importers are facing tight capacity on the water, chiefly out of Asia.
“We had at least two conference calls with customers and shipping lines about this in the last few days,” reported Bob Imbriani, senior vice-president international of forwarder Team Worldwide.
“It’s more difficult to get space, and you have to book earlier,” he added.
Waterborne US imports from Asia in June were 9.5% …

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‘Raincheck’ on taxes a relief for hard-hit US importers

US customs brokers and importers have been scrambling to revise monthly statements after the US government announced they could postpone duty, taxes and fees for 90 days.
The executive order, signed on Sunday, temporarily extends deadlines for importers “suffering significant financial hardship” and was closely followed by a detailed explanation by Customs & Border Protection (CBP).
It noted: “This temporary postponement applies to formal entries of merchandise entered, or withdrawn from...

https://theloadstar.com/raincheck-on-taxes-a-relief-for-hard-hit-us-importers/

US retailers continue to scramble to bring goods in to beat new tariffs

US container import volumes continued to surge over the summer, ahead of more tariff hikes on consumer goods. 
New data released yesterday by Global Port Tracker shows “imports at the nation’s major retail container ports reached unusually high numbers just before new tariffs on goods from China took effect 1 September, and are expected to surge again before another round of tariffs takes effect in December”.
“Retailers are still trying to minimise …

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