Definition of Offshoring Offshoring is defined as moving manufacturing or other business processes overseas versus having them operate domestically.
Shipping In-Bond What is meant by shipping a commodity in-bond is the product is moving within the United States borders, but has not yet been cleared through the US Customs processes to officially enter the US government authority to be consumed by citizens or companies domiciled in the US.
Everything you need to know about domestic intermodal and how to be successful implementing it into your logistics strategy. Gives tips, tricks and insights on intermodal and what to watch out for when converting from truckload to intermodal.
Definition of US Customs Harmonized Tariff Schedule (HTS) The harmonized tariff schedule (HTS) is the primary source to classify goods imported and exported from the country, used by the United States Customs and Border Protection as a means to record international trade activity by product and collect duties and taxes. The foundation of the HTS is the baseline schedule used by all countries for international trade.
Definition of a Foreign Trade Zone (FTZ) A United States foreign trade zone is a designated area that is authorized by US Customs and Border Protection (CBP), where commercial product receives the same treatment as if it were outside the US.
Definition of CTPAT (Customs Trade Partnership Against Terrorism) CTPAT is a voluntary logistics and supply chain partnership program led by the US Customs and Border Protection Agency (CBP) with the goal of improving the security of the United States borders.
Definition of IPI Freight or Interior Point Intermodal IPI freight is used to define inbound freight moves from a port to a shipper’s door within the interior of the country via a domestic or international intermodal container.
Definition of an ISO Container An ISO container is an international intermodal container that is manufactured according to the specifications outlined by the International Organization for Standardization (ISO).