News

Letter From CEO (Jamie Rodgers): Import and Export Update

Letter From CEO (Jamie Rodgers): Import and Export Update

Imports and exports have both been affected by the economic tumult of 2020, but both sides of this industry have fared very differently. Imports and exports alike were initially hit hard in the early part of the year as the global pandemic crushed economies, but imports have shown far more robust growth.

The trade deficit balance between imports and exports continues growing despite the harsh tariffs placed on Chinese imports.  American consumers rebounded quickly with retail, likely because with a dearth of service industries- restaurants, bars, concerts, and the like- many consumers had extra money to spend on consumables that are often manufactured overseas.

Per regulations, last month most of the major carriers filed a general rate increase with the FMC of around $1,000 per 40’ container from the far east to either the east or west coast of the USA from Asia. Both the American and Chinese governments expressed their displeasure at the amount, but several major carriers maintained these big increases.

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Letter From CEO (Jamie Rodgers): Freight Market Update

Letter From CEO (Jamie Rodgers): Freight Market Update

The world’s freight market is showing increasing signs of heating up at the end of traditional peak season, as shippers rush to replenish inventories in a retail sector that appears to be rebounding. Imports to the United States are surging worldwide, especially from Asia, which has led to considerable price increases.

Per regulations, last month most of the major carriers filed a general rate increase with the FMC of around $1,000 per 40’ container from the far east to either the east or west coast of the USA from Asia. Both the American and Chinese governments expressed their displeasure at the amount, but several major carriers maintained these big increases.

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Letter From CEO (Jamie Rodgers): Tariffs and Trade Deals

Letter From CEO (Jamie Rodgers): Tariffs and Trade Deals

Recently there has been a considerable amount of developments with global trade and tariffs this week that will have effects on importers.

This week the World Trade Organization finally came to a ruling regarding tariffs that have been imposed on imports from China since 2018. The ruling found them to be in violation of the WTO’s rules, which ordinarily would give China the go-ahead to impose retaliatory tariffs.

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Letter From CEO (Jamie Rodgers): Back to School

Letter From CEO (Jamie Rodgers): Back to School

This week across most of the country, students are returning to schools both in person and through remote virtual learning. As kids and their parents prepare to work through an unusual school year, we at JM Rodgers continue to work through these hard times.

JM Rodgers has maintained an almost entirely remote workforce since March when closures first began in the United States. For many years, we had put together contingency plans for various emergencies and natural disasters to be able to maintain business continuity, ensuring that no matter what our business would go on. This plan has paid off, and operations have continued uninterrupted.

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Letter From CEO (Jamie Rodgers): The Right Broker

Letter From CEO (Jamie Rodgers): The Right Broker

There are a lot of moving parts when it comes to getting any shipment in or out of the United States. The logistics of moving products from overseas and safely delivered at a client’s doorstep involves the coordination of many parties and carriers to handle the goods, but the step of choosing the right Customs broker is absolutely critical.

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Letter From CEO (Jamie Rodgers): Information Security

Letter From CEO (Jamie Rodgers): Information Security

JM Rodgers has placed high importance on maintaining information security and ensuring that our entire staff is aware best practices to keep our clients’ information safe. When dealing with sensitive information as Customs brokers do, it’s necessary for all levels of the company to understand what needs to be done.

This new set of tariffs was imposed after the government claimed that Canadian imports had increased past an acceptable threshold that would harm the US metals industry. In retaliation, the Canadian government said they would be putting some duties in place on American imports.

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Letter From CEO (Jamie Rodgers): Canadian and Hong Kong Tariffs

Letter From CEO (Jamie Rodgers): Canadian and Hong Kong Tariffs

Barely a month out of the full implementation of the new USMCA, the United States put additional tariffs on the major Canadian export of aluminum. These duties were first imposed in early 2018 for global imports of aluminum and steel, but Canada was provided an exception shortly afterward.

This new set of tariffs was imposed after the government claimed that Canadian imports had increased past an acceptable threshold that would harm the US metals industry. In retaliation, the Canadian government said they would be putting some duties in place on American imports.

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Letter From CEO (Jamie Rodgers): The End of Exclusions

Letter From CEO (Jamie Rodgers): The End of Exclusions

Many industries are staring at a large increase in their product costs this week, as the first wave of temporary exclusions is set to expire on Friday, with an additional group of them set to expire in later September. Thus far there has been no indication that the government will be extending any exclusions- and importers will be stuck on the hook for these increases.

This past March, tariffs were imposed that increased duty rates from the current 10% to 15% on the whole aircraft, as well as attaching a 25% duty to major European imports including alcohol, wine, cheese, metals, and some manufactured goods.

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Letter From CEO (Jamie Rodgers): EU Tariff Update

Letter From CEO (Jamie Rodgers): EU Tariff Update

The last few weeks have been a busy one for importers of European goods, as several announcements about the tariffs and duties their products will be subject to have taken place.

This past March, tariffs were imposed that increased duty rates from the current 10% to 15% on the whole aircraft, as well as attaching a 25% duty to major European imports including alcohol, wine, cheese, metals, and some manufactured goods.

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Letter From CEO (Jamie Rodgers): J.M. Rodgers’ Volunteer Work Continues

Letter From CEO (Jamie Rodgers): J.M. Rodgers’ Volunteer Work Continues

It has always been important to us at JM Rodgers to make sure we are giving back to our communities, both through charity and for volunteer work. Earlier this year we made a commitment to increase both the charitable donations and hours worked on volunteering, and while the coronavirus pandemic has slowed the number of opportunities for volunteering available, we have still held to our commitment to having teams of employees safely going out into the community.

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Letter From CEO (Jamie Rodgers): J.M. Rodgers Is ISO 14001 Certified

Letter From CEO (Jamie Rodgers): J.M. Rodgers Is ISO 14001 Certified

ISO 14001 is a complement to the ISO 9001 Quality Management System, called an Environment Management System. This system is essentially a set of tools to allow JM Rodgers to plan out how we can comprehensively manage the environmental impacts of doing business- from the resources we use at work, the way waste is disposed of, and extraneous impacts of maintaining a staff and facilities. The EMS gives us a way to organize, track, and reduce our impacts to become a greener company.

JM Rodgers brings that to our customers with the longevity of the staff members we keep.

Under the USMCA, much of the pre-existing structure of drawback has been preserved. The necessity to follow rules necessitating all exports to Canada and Mexico be claimed using direct-identification methods remain in place.

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Letter From CEO (Jamie Rodgers): J.M. Rodgers’ Employee Longevity

Letter From CEO (Jamie Rodgers): J.M. Rodgers’ Employee Longevity

When searching for a new partner in Customs brokerage, logistics, or duty drawback, the primary factor for any decision has to be the quality of the people that the customer will be working with every day. The expertise, experience, and resiliency of any firm that will be a trusted partner are paramount.

JM Rodgers brings that to our customers with the longevity of the staff members we keep.

Under the USMCA, much of the pre-existing structure of drawback has been preserved. The necessity to follow rules necessitating all exports to Canada and Mexico be claimed using direct-identification methods remain in place.

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Letter From CEO (Jamie Rodgers): Duty Drawback and USMCA

Letter From CEO (Jamie Rodgers): Duty Drawback and USMCA

The United-States Mexico Trade Agreement is fully in effect as of last week, and a host of changes to Customs processes in all three countries are in place. One area of particular concern to many of our clients has been how drawback is affected or changed by this agreement.

Under the USMCA, much of the pre-existing structure of drawback has been preserved. The necessity to follow rules necessitating all exports to Canada and Mexico be claimed using direct-identification methods remain in place.

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