October 2014 Blog Posts (7)

What a Slow Economy in China Means for Shipping

The days when China’s economy soared to new heights are long gone. The truth is that China’s economy has been very slow in recent times. In October, the World Bank lowered their expected economic forecast for China’s Gross Domestic Product. They lowered the forecast by 0.2% in 2014 and 0.3% in 2015. A result of the sluggish economic in China deals with the prices of goods. In recent months, the prices of goods from China are falling and any price increases are unlikely. The…

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Added by Steven Lerner on October 30, 2014 at 1:18am — No Comments

Is the Shipping Industry Embracing Technology?

It is clear that technology is playing a big role in the way shipping works today. Years ago, when you had to only call up people for a rate, there is now software to get an ocean freight shipping quote on your computer or mobile device. INTTRA Technology recently conducted a survey with shipping professionals. The goal of the survey was to see how these professionals felt about…

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Added by Steven Lerner on October 28, 2014 at 4:11am — No Comments

How to Solve Port Congestion?

The Port of Los Angeles is celebrating their busiest month since 2006. In September 2014, over 775,000 containers were transported through the Port of Los Angeles. This is a 9% increase since this time last year. With all of the busy shipping occurring at the Port of Los Angeles, it makes sense for there to be significant congestion issues to take care of.

Congestion at a port can be common sight throughout the nation during certain times of the year. But it is…

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Added by Steven Lerner on October 24, 2014 at 4:09am — No Comments

New Berth at the Port of Baltimore

In October, there was exciting news from the Port of Baltimore that is really interesting for those who ship heavy machinery. The Port of Baltimore opened a new berth that cost $22 Million. The berth will be located at the Masonville/Fairfield Marine Terminal. Unlike previous berths at this port, this is a unique berth that is bigger and stronger. It is about 1,175…

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Added by Steven Lerner on October 23, 2014 at 4:15am — No Comments

A Customs Bond Might Lower Your Costs

When a company imports cargo into the United States, there are certain obligations that the company must follow as insurance. One obligation is a Customs bond. Typically, the Customs bond is a requirement from US Customs for importers. It is paid as a form of security to make sure that taxes, duties and other applicable fees are paid. Some shipping companies may or may not include the cost of a Customs Bond when you receive an …

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Added by Steven Lerner on October 16, 2014 at 12:25am — No Comments

Shipping Lessons from Christopher Columbus

Columbus Day is approaching soon. And while US workers in the international freight shipping industry may or may not have this holiday off, there is certainly great importance from the journey of Christopher Columbus. And even though there is still some controversy regarding Christopher Columbus and his explorations, it is still a vital story in the history of shipping. As it is well known, one of the main purposes of Columbus’ journey across the Atlantic Ocean was to sail…

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Added by Steven Lerner on October 9, 2014 at 12:14am — No Comments

US Beef Exports Increase

The US beef industry is thriving thanks to international shipping. It has been reported by the USDA Foreign Agricultural Service that US Beef exports have increased 6% during the first half of 2014. Typically, beef is exported from the US on a vessel and transported inside of a reefer container. In 2014, exports to Canada, Japan and Taiwan have dropped a bit. However, exports to Hong Kong and Mexican have increased to help…

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Added by Steven Lerner on October 7, 2014 at 4:11am — No Comments

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