How will freight rates increase in 2024?
North American shippers and importers should expect freight rates to rise in 2024. A range of factors, from energy prices to geopolitical problems, will create disruptions to the freight industry throughout the year. Shippers across Canada and the U.S. should prepare to reduce the impact of projected freight price.
How importers can simplify CBSA Customs audits and verification
Companies shipping items across the Canada-U.S. border will eventually face a Customs visit for an audit, also referred to as a verification. Accurate recordkeeping and a consistent compliance process will help your business stay prepared when a customs audit takes place.
Participating Government Agencies (PGAs) and the Single Window Initiative (SWI)
Some Canadian importers are surprised to discover that their goods must comply with regulations from multiple government agencies - in addition to the Canada Border Services Agency (CBSA). Failure to do so can create significant delays and additional costs.
Explainer: Why businesses work with Customs compliance consultants
At Cole International, we believe that the more you know, the better your goods will go. Our Explainer posts provide valuable information from customs compliance consultants that you should know about before you make your next move. We understand that the logistics industry involves complex processes, regulations, and.
Upcoming Canada and U.S. tariff changes to watch for in 2024
Importers could see significant changes to tariffs made throughout 2024. Both the Canadian and U.S. governments appear ready to enact major shifts in the way tariffs and trade relations function in 2024 and beyond. As such, businesses could find themselves dealing with tariffs that impact their bottom line – for.
Canada Tariff Program Changes Could Impact Your Bottom Line - GPT and LDCT
The next year could see significant changes to Canada’s Customs Tariff rules, impacting importers’ bottom line. The General Preferential Tariff (GPT) and Least Developed Country Tariff (LDCT) will undergo a comprehensive review, which could result in increased tariffs for some products and other financial consequences.
Freight updates December 12, 2023: latest news and updates on the worldwide supply chain
The worldwide supply chain is constantly changing. As we continue dealing with the fallout of pandemic-related supply chain issues, fluctuations in prices, labour disruptions, logistic delays, and port congestion persist. We provide you with freight updates that include some of the latest industry news, helping to.
5 essential spot rate freight tips for smooth and cost-effective shipments
Spot rate shipping is a crucial service that businesses rely on to solve supply chain and logistics challenges. Successfully navigating the spot rate market reduces the cost of ensuring that goods flow smoothly across your supply chain – despite adverse or unpredictable conditions.
6 reasons why your goods are held up at Customs
Goods getting stuck at Canadian Customs is one of the most frustrating delays that importers experience. Long delays can result in additional costs and unhappy customers.
