FTZs used to allow manufacturers to import goods tariff-free and use those imports to manufacture products with lower tariff rates. The Trump administration removed that benefit last year.
The volume of containers entering U.S. ports has stagnated over continued fears regarding Trumps foreign trade policy. “Marketplace” spoke to one drayage company about how it is trying to read the tea leaves ahead of the busy summer months.
The transportation sector accounts for a third of all greenhouse gas emissions. One port is trying to eliminate emissions entirely within the coming decade.
Ahead of potential tariffs, companies are trying to get more foreign goods into the country — and faster. Space seems to be available, unlike a few years ago.