CBSA Trade Compliance Verification Priorities January 2017

The CBSA manages trade compliance with the Tariff Classification, Valuation, and Origin programs using the following two post-release verification processes: - Random verifications - Verification priorities. Random verifications Random verifications are designed to measure compliance rates and revenue loss and the results may be used for many p [...]

NAFTA's Demise Would Cost U.S. Auto Industry 30,000 Jobs, U.S. Think Tank Says

Pulling out of NAFTA could cost the U.S. economy more than 30,000 jobs in the auto sector alone, and lead to higher prices and less choice for American customers, Michigan-based Center for Automotive Research (CAR) says. A recent report by CAR concludes that President-elect Donald Trump's oft-repeated plan to tear up or renegotiate the North Ameri [...]

Rail and Truck Updates

Derailment Near Spokane, Wash. Causing Service Interruption CP reported in a January 13 customer advisory that a Union Pacific train derailment south of Spokane, Washington on January 10 is affecting its interchange traffic at Eastport. At that time, CN said that customers should expect a minimum delay of four days on shipments scheduled to move t [...]

Ocean Updates

Failure of Alliances to Lift Rates Could Hurt Shippers Long Term If the global mega-shipping alliances launching in April don't drive compensatory freight rates, shippers will likely see more bankruptcies and mergers in the industry.  If the alliances do not succeed in returning the liner shipping industry to profitability and more bankruptc [...]