trade news

Alba News – March 24, 2022

Joe DeSilvestri

March 24, 2022

Information on White House Executive Order Sanctioning Imports from Russian Federation

An Executive Order was issued on March 11 by the White House restricting only goods from the Russian Federation (not Belarus) and it targets “Russian Federation origin” This means goods produced, manufactured, extracted, or processed there.

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Carrier Levying Five Figure Fine for Mis-declared Hazmat

Wan Hai has announced their intent to fine parties to a bill of lading $30,000 per container if they misdeclare hazardous cargo. 

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How Logistics are Helping Ukrainians Right Now?

Check out this great story in The Loadstar about how logistics companies are working to get goods into Ukraine via several different routes.

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Important message from CISA on “Cyberattacks on U.S. critical infrastructure”

CISA and their partners at FBI and NSA have been urging private sector to protect their systems. Now, the White House is doubling down that message to communicate critical infrastructure companies they have a responsibility to protect the critical services Americans depend on.

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Port of Long Beach focuses on rail investments

Comprising nearly 64% of a planned Capital Improvement announced by Exec Director Mario Cordero, this in response to both increased volumes and the outbound rail congestion that plagued SoCal during 2021.

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Carrier antitrust immunity a contentious issue

After being called out specifically by the President during the State of the Union, As the FMC Chairman said, “The alliances are the worst thing you can imagine, except for all the alternatives.”

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Shenzhen, Shanghai closures expected to worsen rates, congestion

Last week, Shenzhen’s 17.5 million residents were put on lockdown and businesses were shuttered. On Thursday, Shanghai Pudong Airport closed to selected passenger traffic for an announced six weeks and while freighter service continues, any loss of capacity in an already constrained environment doesn’t bode well for shippers.

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