Kuehne+Nagel will acquire the Canada-based customs broker Farrow, the Swiss logistics company said in a news release. “The acquisition of Farrow will be immediately earnings-accretive and will expand the company’s customs capabilities in a complementary way, especially at the Canadian and Mexican borders of the USA,” Kuehne+Nagel said. The deal's completion is expected in the first quarter of 2024, and is subject to “approval from regulatory authorities and customary closing conditions,” the release said. “Upon close, Farrow will become a fully owned subsidiary of Kuehne+Nagel.” Terms were not disclosed.
Kuehne+Nagel will acquire the Canada-based customs broker Farrow, the Swiss logistics company said in a news release. “The acquisition of Farrow will be immediately earnings-accretive and will expand the company’s customs capabilities in a complementary way, especially at the Canadian and Mexican borders of the USA,” Kuehne+Nagel said. The deal's completion is expected in the first quarter of 2024, and is subject to “approval from regulatory authorities and customary closing conditions,” the release said. “Upon close, Farrow will become a fully owned subsidiary of Kuehne+Nagel.” Terms were not disclosed.
The current scope of ongoing antidumping and countervailing duty investigations on aluminum extrusions from 15 countries would impose heavy costs on U.S. manufacturers and consumers, and as written would make it nearly impossible for CBP to administer and importers to comply, said a bevy of large multinational corporations and trade associations in comments filed recently filed with the Commerce Department.
The National Customs Brokers & Forwarders Association of America is lobbying for language in the Federal Aviation Administration re-authorization bill that would direct the Government Accountability Office to review investments in air cargo infrastructure and workforce development.
A payment of $174.80 for the annual customs broker permit user fee is due by Feb. 9, CBP said in a notice published Nov. 27. That's up from $163.71 last year (see 2212150045).
The current scope of ongoing antidumping and countervailing duty investigations on aluminum extrusions from 15 countries would impose heavy costs on U.S. manufacturers and consumers, and as written would make it nearly impossible for CBP to administer and importers to comply, said a bevy of large multinational corporations and trade associations in comments filed recently filed with the Commerce Department.
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The Commercial Customs Operations Advisory Committee (COAC) for CBP will next meet Dec. 13 remotely and in Washington, D.C., CBP said in a notice. Comments are due in writing by Dec. 8.
The Senate voted 87-11 to approve a laddered temporary spending bill that will continue government appropriations at last fiscal year's level through Jan. 19 for some agencies and through Feb. 2 for others.
The Senate voted 87-11 to approve a laddered temporary spending bill that will continue government appropriations at last fiscal year's level through Jan. 19 for some agencies and through Feb. 2 for others.