Trade and Transportation Update | Member Contribution

The following is provided by AIV member A.N. Deringer

Update on the ongoing ILWU strike

New Tentative Labor Deal Reached in Canadian Port Negotiations

On Sunday, July 30th, the International Longshore and Warehouse Union of Canada (ILWU) and the British Columbia Maritime Employers Association (BCMEA) announced a tentative labor agreement through the assistance of the Canada Industrial Relations Board.

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Merchandise Processing Fee Minimum/Maximum Increase

Fees set to raise in Fiscal Year 2024

U.S. Customs and Border Protection published a notice of increase to COBRA fees in the Federal Register on July 28, 2023. Of particular interest to the trade is the increase of the minimum/maximum of merchandise processing fees.

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Yellow Prepares for Bankruptcy

Customers seeking other alternatives

One of the nation’s largest trucking companies, Yellow, is preparing for bankruptcy. The carrier has seen a significant decline in customers amid a cash crunch and union negotiations. A bankruptcy filing would put the company at a high risk of inflation since a large number of customers have already begun abandoning the trucker…

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A.N. Deringer, Inc. is a leading provider of international logistics services including Freight Forwarding, Warehousing & Distribution, Customs Brokerage, Logistics Consulting, Cargo Insurance, and Meat Inspection. Deringer combines over 30 US offices with a global agency network to facilitate the movement of cargo throughout the world.