’Tis the season for (no, not Santa, that’s next week) ... fresh grapes imported from Chile! As the Northern Hemisphere swings into winter, shipments of fruit from the Southern Hemisphere ramp up. Leader of the pack, the first Chilean table grapes have shipped, reports...
November Import TEUs Up over Last Year, Down from Last Month
November import TEUs reached 1,639,165, for a 5% gain compared with November 2014, Datamyne’s current US import bill-of-lading data shows. This reverses the downward trend in year-over-year comparisons in October, when the 1,731,930 TEUs (20-foot-equivalent units)...
Wheat Exports Flattened as Dollar Rises
Wheat exports are being flattened by the strengthening dollar, as competitors with weaker currencies take US share of the global market for this and other agricultural products. Generally among the top 3 US agricultural exports (behind soybeans and corn), wheat...
Betting on Outsourcing: 3PL Mergers and Acquisitions
M&A activity within the third party logistics provider (3PL) sector in 2015 continues at last year’s brisk pace, with global companies betting not only on growth in shipping, but on more shippers wanting to outsource their logistics. In November, French logistics...
Trade Data on China: Buying Less from the Americas
The slowdown in China’s economy is taking its toll on its imports from the Americas, our trade data on China through third-quarter 2015 shows. China’s imports from North America dropped 9%, while its imports from South America were down 11% in September 2015 compared...
Slowdown at Top US Ports: Bad News for Economy?
America’s busiest ports are sending a warning about the US economy, according to the Wall Street Journal. Citing data from Zepol (now part of Datamyne), the WSJ reports that imports at the three busiest ports – Los Angeles, Long Beach, and New York-New Jersey – fell...
US Drops Hint to UK: Better Not Brexit
The UK should expect the US to impose the same tariffs as now apply to China, Brazil and India, should it opt out of the European Union, Michael Froman, the US Trade Representative, told Reuters October 28. British voters will decide before the end of 2017 whether to...
On a Roll: American Lobster Exports
We were surprised to see lobsters break into the top 25 US agricultural exports for the first time in our latest monthly ranking report, based on the value of trade in August. Typically, the ag trade ranking reports are dominated by in-season commodities such as...
Fueling Speculation: Gigafactory’s Need for Lithium
We called it a new HS code for Tesla – the new Harmonized System tariff code that distinguishes lithium-ion batteries imported to run electric vehicles from all the rest of Li-Ion batteries destined for digital devices, appliances and power tools. But, of course,...
A New HS Code for Tesla (and Other EV Makers)
Yet another sign that electric cars are catching on: A new 10-digit Harmonized Tariff System code has been established for the lithium-ion batteries used to power electrical vehicles: HS 8507.60.0010. Until now, the HS codes did not distinguish between EV batteries...