CARM: What all importers need to know about CARM

Universal Logistics - Take The Right Route Logo with 70 Years Badge

Route Article

Lowering demand for Asian air cargo

     Cargo Plane

Asian air cargo carriers are reporting a sharp decline in demand that could become even more steep if the U.S. follows through on threats to place higher tariffs on Chinese-made goods. Coupled with this is a drop off in intra-Asia cargo volumes, as components exported to China for assembly lines declined due to decreased production levels.

The trade war has also resulted in uncertainty and concerns over tariffs, leading to some manufacturing activities moving from China to other countries, such as Vietnam, Thailand and Malaysia.  This is, however, a slow process as supply chains cannot adjust that quickly.  While this may boost cargo volumes in the region, retaliatory tariffs by the U.S. against these nations will have negative effects on cargo volume.

For more information, contact David Lychek, Manager – Ocean & Air Services.

Quick Tip #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

Switch to a Logistics
Partner Who Cares

Click the button below to find out why we’ve been Canada’s most trusted freight forwarder and customs broker for over 75 years.

Professional business people team meeting and working in corporate office concept

Register now to learn more about our

101 Logistics Quick Tips

Available exclusively from Universal Logistics