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September 2018 Newsletter

A monthly roundup of our Industry Updates, Blogs and Market Information.

Our Detroit Branch is Now Open 

We're growing and expanding our locations to better serve you. Vantec Hitachi Transport is pleased to announce the opening of a new branch in Detroit; strategically located just three miles from the Detroit airport, minutes from the city center and featuring 5,000 square feet of available cross-dock space.

Our Detroit-based team brings over thirty years of industry expertise to the Motor City area and we invite you to discover how our specialized services can meet the unique needs of your automotive supply chain. Vantec Hitachi Transport brings you Smart Automotive Logistics Solutions. Click below for a printable .pdf

Vantec Hitachi Transport Detroit Branch .pdf

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Section 301 Tariff FAQ's 

The words 'Trade war' aren't something to toss around lightly, However when President Trump made the initial Proclamations citing Section 232 of the Trade Expansion Act of 1962 it was the first volley in what has developed into a trade dispute with China. As the proclamations, statements and press releases are made, it can be difficult to keep up with the latest developments and importers like you are wondering if their products will be impacted by the increased duties and fees associated with Section 301 tariffs. We have compiled the following Section 232 and 301 tariff FAQ's to help you better understand the situation and stay informed. 

Click HERE to view the complete FAQ

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Market Trends and Developments we are Watching

  • Peak Season Spot Market Rates

    We have discussed the ongoing issues related to truck capacity in previous Industry Updates and it is likely you have experienced some form of the associated cost increases first hand. Tight capacity for all US inland transport modes is a reality and as we approach peak season, we are now seeing increases in spot market rates for intermodal (rail) moves from the US West Coast that reflect these constraints. 

    There has been a surge in US imports year over year. Carriers, including truck and rail, report they are near full utilization, particularly from Los Angeles ports to various points inland, including the US Mid-West. This note is to notify our clients who utilize rail that the market will likely pass along rate increases associated with intermodal moves through the 2018 peak season and beyond. 

    It is our goal to inform you whenever there is potential for changes in market rates. As always, we will continue to monitor the situation and provide updates. Meanwhile, do not hesitate to contact our customer service team if you have questions regarding the status of your shipments. 

  • Transpacific Eastbound (TPEB) services: A number of carriers have announced void or blank sailings effective in October and into November. Space is already constricted for TPEB service and blank sailings could create further capacity issues. We recommend booking your shipments in advance when possible to allow for any delays that may occur. 

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Tips and What If's - The CFS Bonded Warehouse 

If you stop to consider the endless combination of commodities, origins and destinations that are possible when importing and exporting goods, the total number would be enormous. But there are two things that every shipper looks for: an opportunity to streamline the supply chain and to reduce freight cost. One way to achieve those goals is by using a bonded CFS warehouse.

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What is a CFS Warehouse?

A container freight station (CFS) is a facility where ocean or air freight can be transferred directly from the destination port or airport. A bonded facility simply means that it has been certified by Customs Border Protection (CBP) to receive goods directly from the port while still under a customs bond. There are actually eleven different classes of bonded warehouse authorized under 19 C.F.R. 19.1 and their function will vary, depending on the type of bond issued. The goods can be held at the bonded warehouse pending clearance by Customs and because they are moving under customs bond, the payment of duties and fees is deferred. Depending on the type of facility, those fees may be deferred for up to five years as long as they remain in the bonded warehouse.

Check out the full article HERE. 

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May 2020 Newsletter

A summary of our Industry Updates, Blogs and Market Information

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