Demurrage and Detention Fees: The Hidden Costs Affecting the Importer’s Margins
In today’s volatile global supply chain environment, few costs are as misunderstood—and as damaging to margins—as demurrage and detention fees. For importers moving cargo through U.S. ports, these charges have evolved from occasional inconveniences into persistent...
Cargo Losses Are Costing Businesses More Than Ever
The cargo insurance market hit $69.84 billion in 2024 and is projected to increase to $101.43 billion by 2032. That's not just market growth. It's a direct reflection of how much money businesses lose in transit every year. If your company ships goods domestically or...
Understanding the Jones Act: What It Means for U.S. Shipping and Its Territories (including LNG domestic shipping)
The Jones Act, formally known as the Merchant Marine Act of 1920, has long played a critical role in shaping the U.S. shipping industry and the broader national economy. According to U.S. Customs and Border Protection (CBP), the coastwise laws governing the...
Understanding Drayage: The Most Overlooked Cost in Your Supply Chain
What Exactly Is Drayage? Drayage is the short-distance transportation of freight—typically the movement of ocean containers between a port or rail terminal and a nearby warehouse, distribution center, or transloading facility. In practice, the industry generally...
Understanding Duties and US Tariffs: A Guide for Importers
If you're importing goods into the United States, you've probably heard the terms "duties" and "tariffs" used interchangeably. While they're related, there's a difference worth understanding. When your products arrive in the U.S., they're subject to various taxes and...
Key Steps for a Swift Customs Clearance Process
Importing cargo into the United States is a high-stakes process where timing is everything. Any delay at the port of entry does more than just throw off your schedule, but can also lead to unexpected costs. The good news is that most customs delays are preventable. By...
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