The logistics world is seeing average tariff rates jump by 10x! Curtis Spencer of IMS Worldwide breaks down how Foreign Trade Zones (FTZs) are no longer just a good idea, they&#x27;re essential for cutting costs and building resilient supply chains. Learn about duty deferral, re-export benefits, and merchandise processing fee caps that can save your business millions. Follow the FreightWaves Today Podcast Other FreightWaves Shows Learn more about your ad choices. Visit megaphone.fm/adchoices

Why Foreign Trade Zones Are Now ESSENTIAL for Importers | FreightWaves Today

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Julie, this is our international segment. We've really gone all over to the macro, talked about drivers. We're now going to talk about Foreign Trade Zones. Obviously a hot topic. It's interesting. I was in airport-to-airport freight. It was where I started my career over 25 years ago, 27 years ago. I heard a lot about Foreign Trade Zones being in airport-to-airport and then I never heard it again. Container freight stations, all that fun stuff.

It has now become a hot topic because of all the trade policy and here to talk about that is the CEO of IMS. IMS Worldwide is going to talk about Foreign Trade Zones, the CEO, Curtis Spencer. Curtis, welcome to FreightWaves Today. Thank you very much and welcome to my locked up shoulder here. I just had shoulder surgery so it's been a crazy week.

So you're locked up. You've got nothing to do but talk to us. We appreciate you spending your time with us. Tell us a little bit before we get started about IMS Worldwide. What do you guys do for clients?

IMS Worldwide. IMS Worldwide. Now, in the post-SCOTUS world where SCOTUS has had actually two hearings, one got a lot of attention.

It's the Liberation Day tariffs. Is there still demand for Foreign Trade Zones or have companies sort of reevaluated that? So, yeah, here's what really happened. In the beginning of the IEPA tariffs, tariffs rose really high to about 30%. And then they settled back down to 25% and they went back up to about 50%. And then SCOTUS had it as ruling. And now the IEPA tariffs are gone.

Why Foreign Trade Zones Are Now ESSENTIAL for Importers | FreightWaves Today

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Why Foreign Trade Zones Are Now ESSENTIAL for Importers | FreightWaves Today

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.