Europe is a varied, vibrant region with high demand for all kinds of goods produced in the U.S., making it a natural choice for companies looking to expand and become an exporter. According to the U.S. Trade Representative, U.S. goods exported to European Union (EU) countries alone totaled $368.6 billion in 2023, up 5% from $350.8 billion in 2022.
Unexpected expenses can cripple a business’s profitability, and those associated with international shipping are a prime example. Learning how to avoid detention and demurrage charges is a baseline capability for any business involved in global trade. As ocean freight rates naturally rise over time, especially when disruptions occur, you cannot afford any extra fees on top of them.
If you are a small or medium-sized business (SMB) who is buying from an overseas supplier, there's a good chance you're buying under either Free On Board (FOB) or Ex Works (EXW) terms of sale – the two most commonly used purchase terms in global trade. In this article, we'll explore the distinctions between EXW vs FOB and how they can positively or negatively impact how you manage logistics.
Container shipping costs can be highly volatile, based on geopolitical and economic conditions globally. Costs can easily and unexpectedly creep upwards, eroding your profit. Shippers, especially small to mid-sized businesses (SMBs), need to use every tool at their disposal to cut ocean shipping expenses. These sea freight costs are a logical place to start when you consider that 90% of the world’s goods move via container shipping. This article reviews some practical ways to cut costs and avoid overpaying for ocean freight.
While there are abundant opportunities for business growth right here in America, some of the fastest growing markets are overseas. Capitalizing on these opportunities requires knowledge of export shipping. This article covers the basics of shipping your U.S.-made products overseas – efficiently and in full compliance with customs agency requirements.
If you’re new to international shipping, you might be confused by the various terms used for service providers that handle cargo. For example: NVOCC vs. freight forwarder. What’s the difference between these two kinds of companies? What does each do, and how do you know which one to approach when you have a shipment to arrange?
Here’s a quick rundown.
In today's global economy, international trade has become integral to the success of businesses, large and small. Particularly for small and medium-sized enterprises (SMEs), leveraging the right shipping options can certainly increase company profits. This is where LCL (Less than Container Load) shipping comes into play, offering an adaptable and cost-effective solution for smaller shipment volumes.
The volume of cars shipped internationally is on the rise, with Poland becoming an increasingly popular destination for vehicles from the United States. Understanding the detailed process, regulations, and costs of car shipping is essential for a smooth experience.
Ireland is renowned for its vibrant culture, varied landscape, and legendary local pubs. It's also a popular destination for expatriates. As the fastest-growing economy in the Eurozone, Ireland pairs its robust, pro-business environment with a harmonious balance between work and life.
Whether you're moving for business, pleasure, or a bit of both, shipping your personal effects to Ireland in a shipping container is a detailed task for which you likely have little experience. No worries, we can help. This comprehensive guide provides essential insights and practical steps for efficiently and safely shipping household goods to Ireland.
The voyage of a cargo ship from Europe to the U.S. East Coast covers an impressive 4,000+ miles. Yet, it's in the crucial transition from ship to door where the true test lies. Delays at any stage of this journey can trigger detention and demurrage fees that not only thin margins but can also set off a cascade of operational challenges, disrupting your entire supply chain.
