CARM: What all importers need to know about CARM

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Time to move your U.S. bound freight through Canada?

     Container ship
  Freighter waiting to be unloaded, an all too common site at congested U.S. ports.

In an effort to avoid congestion at U.S. ports, shippers and forwarders are moving more container traffic through Mexico and Canada.  The shift is reflected in the latest figures for traffic growth, which show that both Mexico and Canada enjoyed healthy growth, 5.1% and 4.1% respectively, while U.S. ports saw only 0.8% growth, based on 2015 statistics.  Considering that total North American container traffic grew by only 1.5% in 2015, this diversion of cargo is significant.

If you are shipping freight through U.S. ports and are interested in learning how you could benefit by redirecting your shipment through Canada, please contact Debbie McGuire, Manager – Freight Solutions.

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.

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