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/global-trade/
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GTI
In the rapidly evolving landscape of global trade, businesses face increasing difficulty in complying with export controls and obtaining the necessary export licenses and permits. Ensuring compliance with these export regulations is not just a legal...

August 2024 U.S. Container Imports Dip Below July’s Historic Levels but Remain High

In August 2024, U.S. container imports dropped slightly from the highs seen in July 2024 but remain above the 2.4 million twenty-foot equivalent unit (TEU) mark that has historically caused stress to the U.S. maritime logistics infrastructure. August’s volume of 2,479,284 TEUs represents a 3% decline from July, which is consistent with the peak season drop seen in 2019 prior to the pandemic hitting. August volumes demonstrate robust year-on-year performance, posting a strong 12.9% increase over August 2023 and a similarly strong 15.7% increase over 2019. A second month of high container import volumes has, however, contributed to an increase in port transit delays at the majority of the top 10 U.S. ports.
In today's interconnected world, the risks associated with third-party relationships have become increasingly complex and pervasive. The recent escalation of sanctions on Russian entities, particularly the OFAC sanctions imposed on a Moscow-based...
Export license management is a crucial aspect of international trade that demands precision, timeliness, and a thorough understanding of complex export regulations. Yet, despite the importance of accuracy in this process, many companies continue to...