Blog - Transmodal

Logistics Market Update – February 2023 https://transmodal.net/wp-content/uploads/shutterstock_1892071042-scaled.jpg 2560 1440 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png February 15, 2023 October 21, 2024

February 15, 2023

Logistics Market Update – February 2023

Here are some of the top news stories in freight for February: On March 18, 2023, CBP will deploy the Uyghur Forced Labor Prevention Act (UFLPA) Region Alert enhancement to the Automated Commercial Environment (ACE). This enhancement will provide an early notification to importers and their representative of goods that may have been produced in…

Loaded container ship coming into port with large dock cranes in the background

What is COGSA? https://transmodal.net/wp-content/uploads/5-ways-your-freight-forwarder-can-help-you-run-your-business.jpg 1000 665 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png February 13, 2023 February 15, 2023

February 13, 2023

What is COGSA?

The Carriage of Goods by Sea Act (COGSA) is a federal legislation in the United States that regulates the rights and liabilities of parties involved in the shipment of goods by sea. It was enacted in 1920 and has since been amended several times. The “Hague Rules” are the name of an international agreement that…

Large dock cranes unloading a large cargo ship

What is IMO? https://transmodal.net/wp-content/uploads/8_file.png 850 567 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png February 8, 2023 March 22, 2023

February 8, 2023

What is IMO?

The International Maritime Organization, also known as the IMO, is a specialized agency of the United Nations that is in charge of regulating and promoting safety and security in the shipping industry in addition to protecting the marine environment. Its official name is the International Maritime Organization (IMO). The International Maritime Organization (IMO) was created…

Docked cargo ship with containers in the background and trucking driving away

What Is General Average? https://transmodal.net/wp-content/uploads/customs-duty-outlay-ace.jpg 630 440 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png February 6, 2023 February 15, 2023

February 6, 2023

What Is General Average?

The concept of general average is a legal theory that dates back centuries and has its roots in maritime law. The notion behind the general average principle is that in the event of unforeseen and extreme occurrences, such as shipwrecks or hurricanes, all of the parties involved in a voyage should share in the losses…

Uyghur Forced Labor Prevention Act Region Alert https://transmodal.net/wp-content/uploads/shutterstock_461257402-1-scaled.jpg 2560 1707 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png January 30, 2023 February 1, 2023

January 30, 2023

Uyghur Forced Labor Prevention Act Region Alert

On March 18, 2023, CBP will deploy the Uyghur Forced Labor Prevention Act (UFLPA) Region Alert enhancement to the Automated Commercial Environment (ACE). This enhancement will provide an early notification to importers and their representative of goods that may have been produced in the Xinjiang Uyghur Autonomous Region (Xinjiang or XUAR) and may be excluded…

What are INCO Terms? https://transmodal.net/wp-content/uploads/shutterstock_721476064-1-scaled.jpg 2560 1438 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png January 27, 2023 January 27, 2023

January 27, 2023

What are INCO Terms?

International Commercial Terms, also known as INCO phrases, are a set of standardized terms that are used in international trade to specify the responsibilities of buyers and sellers in a more precise manner. When determining who is liable for the costs of shipping, insurance, and any other expenses connected to the movement of products, these…

Aerial view of a working dock and cargo ship begin loaded by a crane

Logistics Market Update – January 2023 https://transmodal.net/wp-content/uploads/customs-trade-compliance.jpg 690 518 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png January 20, 2023 October 21, 2024

January 20, 2023

Logistics Market Update – January 2023

It’s feels like the pendulum has swung—from boom to bust. The last few years had segments of the industry beside themselves in glee as they raked in huge profits. But the boom is bust, and it’s time to stop swaggering. The party is over for ocean carriers especially, and they’re preparing for things to get…

Airfreight Industry https://transmodal.net/wp-content/uploads/airfreight-airport-to-airport.jpg 630 440 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png January 19, 2023 March 23, 2023

January 19, 2023

Airfreight Industry

The industry of air freight, which is responsible for the shipment of commodities via aerial transport, is an essential part of the economy of the entire world. It is especially helpful in the transportation of high-value and time-sensitive commodities, such as electrical equipment, medications, perishable goods, and automobile parts, amongst other things. Large urban centers…

Container ship in deep sea port at night

Trade between US and Thailand https://transmodal.net/wp-content/uploads/page-title-bg-forms.jpg 1920 615 Transmodal Transmodal //transmodal.net/wp-content/uploads/transmodal-logo_dsktp2x.png January 12, 2023 March 22, 2023

January 12, 2023

Trade between US and Thailand

Trade between the United States and Thailand dates all the way back to the 19th century, and even today, it is an essential component of the relationship that exists between the two nations. The United States exported approximately $14 billion worth of products to Thailand in 2020, while the United States imported approximately $22 billion…