Industry Insights

Congress Holds Off on Deciding Export-Import Bank’s Fate Until Next Summer

Congress Holds Off on Deciding Export-Import Bank’s Fate Until Next Summer The operating authority of the Export-Import Bank (Ex-Im Bank), the federal government’s export credit agency, was set to expire next week on September 30th but has received temporary reprieve after Congress approved a short-term extension of its charter. House Speaker John Boehner included a […]

Industry Insights

FTZ Operators Require Specialized Insurance Solutions

The Growth of FTZ Operators In a recent report by the U.S. Foreign Trade Zones Board, the value of exports from America’s Foreign Trade Zones (FTZs) increased by 13.7% in 2013, to a record-high of $79.5 billion* in merchandise shipped to overseas markets. In addition, the 2013 value of received merchandise into FTZs also topped […]

Industry Insights

Pharma Cargo Thieves Bolder with New Technology and Insider Info

Pharma Cargo Thieves Bolder with New Technology and Insider Info Full-truckload pharmaceutical thefts rose by 50% in 2013, and the average loss value rose 14.15% to $261,810, according to FreightWatch International data. Total pharmaceutical cargo thefts, including last-mile heists, more than doubled in number, with the average value of loss rising to $180,346 from $153,697 […]

Industry Insights

Customs Bonds: The Deficiency Is in the Details

Customs Bonds: The Deficiency Is in the Details In April 2014, U.S. Customs and Border Protection (CBP) re-instituted the procedure of rendering continuous bonds insufficient due to returned mail. A bond with an insufficiency status cannot be used to make entry or for Importer Security Filings. That, warns Roanoke Trade account executive Jason Palumbo, could […]

Industry Insights

Volume Surge Prompts Cargo Diversions and Triggers Need for ISFs

A growing volume of U.S. bound ocean container traffic intended to transit west coast Canadian ports has caused some Canadian terminals to stop accepting U.S. bound rail traffic. Steamship lines are diverting these containers to U.S. ports, especially Seattle and Tacoma. These diversions to U.S. ports require that Importer Security Filings (ISFs) be submitted so […]

Industry Insights

ATA Carnets Exempt from EEI/AES Filing

Roanoke Insurance Group is very pleased to inform you that our hard work has paid off in securing exemption from the Electronic Export Filing (EEI) filing requirement for ATA Carnets! We received verbal confirmation from both U.S. Customs and Border protection (CBP) and U.S. Census Bureau yesterday. U.S. Census is currently working on revising the […]

Industry Insights

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