IndustryWeek 8/5/24 | Trade Policy Winners and Losers
The Office of the U.S. Trade Representative (USTR) recently completed its four-year review of the Section 301 duties imposed on goods imported from China. These Section 301 tariffs were put in place by the Trump administration in 2018 in response to trade practices the administration determined to be unfair. The tariffs increased the cost of […]
New Appointment Strengthens Trade Compliance Team
Baker Logistics Consulting Services Inc. is pleased to announce that Anna Zajac has joined the company as Senior Consultant, Trade Compliance. In this newly created role Anna will be responsible for providing Baker clients with international tax and trade compliance solutions that help reduce import duties and taxes, mitigate penalties, and achieve compliance with U.S. […]
Benefiting from Duty Drawback: What U.S. Businesses Need to Know
Duty Drawback is a U.S. Federal government program that allows businesses to claim a refund of import duties paid on exported goods, or on the materials used in the manufacture of exported goods. Even if the only foreign market you sell in is Canada or Mexico, duty drawback is an option for you. The program […]
Trade Finance Talks 1/31/2023 | The Times They Are a-Changin’: Navigating the New Carrier Landscape
Over the past five years, the logistics industry experienced an explosion of new market entrants. This expansion started before COVID-19 and then accelerated dramatically over the last three years. Who are these new carriers, what distinguishes them from traditional carriers, and are they right for you? The new entrants can be grouped into three general buckets – I’ll […]
Industry Week 1/10/23 | Supply Chain Snags or Full Speed Ahead? What Logistics Looks Like in 2023
Now that 2022 is in the rearview mirror, it’s time to consider the top global logistics trends that will impact manufacturing businesses in 2023. Here are the issues and trends that we have in our headlights. Carrier Market Disruption Rapid supply and demand changes during the pandemic reshuffled team rosters and altered every carrier playbook. […]
IndustryWeek 12/5/22 | As Trucking Rates Fall, It’s Time to Renegotiate with Carriers
After a couple years of sky-high trucking rates and tight capacity, the U.S. trucking market is finally softening. Today, retailers have too much inventory and consumer demand has dropped due to inflation and renewed spending on services. The result is weakening demand for truck capacity and falling trucking rates. Truckload spot market rates are below […]
Big Ideas to Avoid Big Increases
You’ve heard the news: FedEx has announced a 6.9% general rate increase for Express, Ground and Home Delivery services. This is the most aggressive rate increase they’ve ever announced, and it goes into effect in sixty days. In its last quarterly earnings report, FedEx reported a decline in both net revenue and in package volume. […]
IndustryWeek 10/26/22 | Help! How Can I Get My Shipping Costs Down?
After two years of COVID-related supply-chain snarls, manufacturers now encounter labor rates and industrial real estate costs much higher than those experienced pre-pandemic. These cost increases are now baked into supply chains. In an unpredictable marketplace, how can a manufacturer enhance supply-chain resilience while keeping costs in line? It’s time to get tactical and benefit […]
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