News

Compliance Industry News

President Trump Agrees to 10% Tariff Reduction After Meeting with Chinese President Xi

President Trump has reportedly agreed to an overall 10% reduction in U.S. tariffs on Chinese goods following a meeting with Chinese President Xi Jinping in South Korea today, during which China agreed to crack down on the production and export of fentanyl. In addition, China has halted its new export licensing plan for rare earth … Continued
Domestic

RIM US Inland Digest | October 27th, 2025

Fuel Updates Fuel is at $3.62 for the week, which is down from $3.67 the previous week. The domestic trucking market is facing a complex and fragile dynamic: capacity is shrinking faster than demand, resulting in counterintuitive increases in spot rates and tender rejections. Long-haul freight volume has fallen sharply, with some estimates reporting a 30% … Continued
Compliance

Trump Proclamation Imposes 25% Tariff on Heavy-Duty Trucks and 10% Tariff on Buses

The below was taken in part from the NCBFAA: On the evening of October 17th, the Trump Administration released a proclamation imposing Section 232 tariffs on imports of medium- and heavy-duty vehicles and parts, as well as buses. “In my judgment, the actions in this proclamation will, among other things, strengthen supply chains; bolster industrial … Continued
Compliance Industry News

ACE Portal Updates to Enable Electronic Refund Enrollment

Customs and Border Protection (CBP) provided an update to the ACE Secure Data Portal to support electronic refund transactions in accordance with Executive Order 14247. The enhancements enable authorized trade users to provide US bank information in the ACE Portal, facilitating electronic refunds from CBP via Automated Clearing House (ACH). To access the ACE Portal … Continued
Domestic

RIM US Inland Digest | October 7th, 2025

Fuel Updates Fuel is at $3.711 for the week, which is down from $3.754 the previous week. The pre-Thanksgiving truckload market brings heightened demand and tight capacity, which will lead to increased rates and potential delays. This “peak season within a peak season” is driven by retailers stocking up for the holiday season, as well as … Continued