Industry Insights

No Increase for Forwarder, NVO Bonds The Federal Maritime Commission’s proposed revisions to ocean transportation intermediary (OTI) rules have been amended to eliminate some mandates that were unpopular with freight forwarders and OTIs. Proposed bond increases, which met with industry pushback, have been eliminated from the FMC’s newest version of the guidelines. The June 2013 […]

Workers’ Compensation: Making Warehouse Safety A Priority Workers’ Compensation insurance is a significant expense for all businesses, including warehouse operators storing cargo for third parties.  While the frequency and severity of workplace accidents for this sector is not at the level as some others (construction, for example), a series of even minor incidents can still […]

Congress Holds Off on Deciding Export-Import Bank’s Fate Until Next Summer The operating authority of the Export-Import Bank (Ex-Im Bank), the federal government’s export credit agency, was set to expire next week on September 30th but has received temporary reprieve after Congress approved a short-term extension of its charter. House Speaker John Boehner included a […]

The Growth of FTZ Operators In a recent report by the U.S. Foreign Trade Zones Board, the value of exports from America’s Foreign Trade Zones (FTZs) increased by 13.7% in 2013, to a record-high of $79.5 billion* in merchandise shipped to overseas markets. In addition, the 2013 value of received merchandise into FTZs also topped […]

Nearly 30 years ago, Roanoke was one of the first in the industry to suggest an electronic customs bond (eBond). Over the last several years, we have worked long and hard alongside with Customs and Border Protection (CPB), customs brokers, software vendors and other sureties to develop the concept of eBond. The first day of eBond data transmission […]

FastBond™ is a highly advanced and flexible tool providing customs brokers unprecedented control over your work flow and timing of critical information. Using FastBond™ increases efficiencies, reduces potential data errors during the issuing process and ultimately supports client retention. FastBond™ features now include enhanced management reporting options: Comprehensive filer code reports for entries and claims Management level […]