Blog/News
Important Upcoming Information:
Due to the upcoming 4th of July Holiday, our office will be closing Friday, July 2nd at 3 p.m. EST and be closed on Monday, July 5th in the observation of the holiday.
Please contact your account officer to plan accordingly during this time frame.
We greatly appreciate your understanding and apologize for any inconvenience.
Happy 4th of July to all!
Important Upcoming Information:
Due to the upcoming Holidays, our office will be closing Thursday (12/24) at 3pm and closed on Friday (12/25). We also will be closing Thursday (12/31) at 3pm and closed Friday (1/1/2021).
Please contact your account officer to plan accordingly during this time frame.
We greatly appreciate your understanding and apologize for any inconvenience
Happy Holidays to all!
Important Upcoming Information
Due to the upcoming federal holiday, our office will be closed Wednesday, November 11th.
Please contact your account officer to plan accordingly during this time frame.
We greatly appreciate your understanding and apologize for any inconvenience.
Overall Market Conditions:
China officials have extended the Spring Festival Holiday until after February 2. The length of the extensions may vary depending on the location. Shanghai has extended until February 10, while others until February 14 or longer. As factories re-open, labor continues to be minimal as public transportation in certain cities or provinces are still under restriction and quarantine. These can last up to an additional 14 days or longer. Trucking equipment and services as well are still impacted due to the lack of labor as well as road restrictions preventing normal pickup and delivery services.
Airlines:
Passenger Flights: Over 60 airlines have announced cancellation from flights to/from China.
Freighter Flights: Freighter flights are slowly returning as demand continues to increase. As of now, 60% of freighter flights are still not operating.
Airfreight Pricing: Due do the current supply & demand, transit is continued to be limited under a Force Majeure environment based on first come basis.
Infrastructure:
The major airports that are impacted are PVG & CGO with limited amount of staff. WUH is closed until further notice and those operating under normal conditions include, BJS, SZX, HKG, LAX, ORD, JFK, AMS, & FRA.
All Seaports are operating under normal conditions, excluding Wuhan & Yichang a Hunan province. Ocean demand has dropped by more than half and is not expected to pick up again until after February 20.
Please contact our logistics office with any further questions contact@expresstradecapital.com.
Important Upcoming Information
Due to the upcoming Federal Holiday, our office will be closing Monday, February 17th. We will re-open Tuesday, February 21st.
Please contact your account officer accordingly during this time frame.
We greatly appreciate your understanding and apologize for any inconvenience.
Important Upcoming Information.
Due to the upcoming Federal Holiday, our office will be closing Monday, January 20th. We will re-open Tuesday, January 21st.
Please contact your account officer accordingly during this time frame.
We greatly appreciate your understanding and apologize for any inconvenience.
Important Upcoming Information
Due to the upcoming holidays, our office will be closing Tuesday, December 24th from 3:00 through end of the day Wednesday. We will also be closing Tuesday, December 31st from 3pm through January 1st.
Please contact your account officer accordingly during this time frame.
We greatly appreciate your understanding and apologize for any inconvenience.
Wishing you all a Happy Holiday and a prosperous 2020!
Reports from the White House and the Office of the United States Trade Representative (USTF) announce that a Phase 1 agreement with China has been reached with a significant impact on the current and pending changes.
Official implementing instructions need to be published which will likely provide specifics, for example, the effective date and time and event of the 4A reduction. This may not occur until the agreement is signed with China in early January.
For assistance in understanding the impact to your company, please contact Express Trade Capital. Contact@expresstradecapital.com
Important Upcoming Information
Due to the upcoming holiday, our office will be closing Wednesday, November 27 from 3:00 through end of the day Friday. We will reopen Monday, December 2.
Please contact your account officer accordingly during this time frame.
We greatly appreciate your understanding and apologize for any inconvenience.
Important Upcoming Information
Due to the upcoming Federal Holiday, our office will be closed Monday, November 11, 2019.
Please contact your account officer accordingly during this time frame.
We greatly appreciate your understanding and apologize for any inconvenience.