Rail transportation is expected to become an optimal shipping option in 2024 due to projected 2024 industry trends. This article will analyze the three key factors that contribute to rail’s attractiveness: service improvements, sustainability gains, and technology growth. Service ImprovementsEconomic factors and innovative solutions, such as those introduced by companies like CSX, are expected to…
After 18 months of Western sanctions imposed on Russia in response to the country’s aggression against Ukraine, the effect on the Russian economy appears to be fading, particularly on the federal budget’s oil income. This is due to Russia’s ability to find ways around the sanctions, keeping the oil trade flowing smoothly. In this article,…
Despite trade restrictions imposed by the US and its allies, China has seen a significant surge in imports of semiconductor manufacturing equipment. In this post, we will explore the key findings from a report by Nikkei Asia that highlights the resilience of China’s chip industry and its ability to acquire the necessary equipment. Main Information:…
The negotiations on the trade section of the Indo-Pacific Economic Framework (IPEF) have hit a roadblock, according to U.S. Treasury Secretary Janet Yellen. The setback for the Biden administration comes as they had hoped to announce substantial outcomes this week. Yellen’s comments, made during a news conference, highlight the need for further work in achieving…
The Port of Los Angeles and the Port of Long Beach are taking steps to support the adoption of zero-emissions trucks by offering $60 million in vouchers. These vouchers will assist companies in acquiring Class 8 drayage trucks that operate within the San Pedro Bay ports complex. The initiative comes ahead of California’s new truck…
With the implementation of new forced labor prevention laws across North America, importers can no longer afford to treat supply chain compliance as an afterthought. On a recent episode of Simply Trade, hosts Andy and Lalo delved into these complex regulations with expert Ana Hinojosa of ABH Global Trade Consulting. Ana provided listeners with an…
The U.S. Chamber of Commerce and the National Foreign Trade Council (NFTC) are engaged in a debate over the de minimis threshold in trade. This threshold allows goods with a value below $800 to enter the United States without any duty charges. The concern arises from Congress, which believes that the provision enables the flow…
According to a report from the Commerce Department, the gap between what the US exports and imports in trade grew larger in September. Experts had predicted that the deficit would decrease, but it actually increased by 4.9% to reach $61.5 billion. The increase in the trade deficit was caused by a rise in both exports…
Welcome to our blog post where we dive into the views of Alex Epstein, an influential voice in the discussion surrounding fossil fuel use. In this article, we will explore Epstein’s perspective on both the benefits and moral considerations associated with the use of fossil fuels. By examining his arguments, we aim to shed light…
Episode Recap: In the debut podcast episode, Simply Trade hosts Lalo and Andy discuss the critical importance of setting the right tone for leading trade compliance from the top down. They’re joined by expert Trudy Wilson, who shares best practices gleaned from years of experience helping companies navigate complex compliance requirements. Trudy emphasizes that compliance…
The US Department of Commerce has temporarily halted most civilian firearms and ammunition exports for a period of 90 days. This decision, based on national security and foreign policy interests, has implications for the firearms industry and international trade. Let’s dive into the details. The Halt on Firearms Exports According to the Commerce Department, this…
The Panama Canal, a vital trade route connecting the Atlantic and Pacific Oceans, is set to reduce ship crossings once again due to a severe drought. The Panama Canal Authority (ACP) recently announced that the number of daily booking slots will be significantly reduced to cope with the water shortage. This decision could have implications…
