Subscribe to our free, weekly email newsletter!


CEVA opens Foreign Trade Zone operation in Miami

By Jeff Berman, Group News Editor
April 11, 2014

Global third-party logistics (3PL) services provider CEVA Logistics recently announced that it opened up a new Miami-based Foreign Trade Zone (FTZ) operation, which was approved by U.S. Customs and Border Protection (CBP). CEVA also has FTZ locations in Los Angeles, Dallas-Fort Worth and Chicago.

CEVA said that this new FTZ is comprised of an activated, secured and compliance controlled 4,172 square-foot area, which leverages CBP’s approved inventory-controlled systems, the Zone Lot Tracking System and First In, First Out Universal Identification Number System. For the former, each part of the shipment moves into and out of the zone as a unit, and for the latter individual parts are added to inventory and withdrawn using a First In First Out inventory recordkeeping system.  Those parts that were admitted first are shown on the inventory records as being withdrawn first.

Brenda Custer-Espeleta, Vice President, US Customs Brokerage Operations for CEVA told LM that servicing customers is what drove CEVA to open this Miami-based FTZ, which is in a location that is critical to the Latin American market and added that this project had been planned for the last nine months.

“An FTZ offers many benefits,” she said,” “the biggest is the potential to save Merchandise Processing Fees, (Fees that Customs charges on every entry filing) by utilizing Weekly Entry, which can only be done through a FTZ.”

Other benefits of an FTZ cited by CEVA include: Duty deferral – duties paid only upon transfer of goods from the FTZ into the U.S.; duty elimination on exports; duty reduction if scrap/waste while within the FTZ; and Harbor Maintenance Fee (HMF) deferred for Ocean arrivals – due quarterly rather than on arrival; and the biggest advantage - Merchandise Processing Fee (MPF) savings, paying a maximum of $485 weekly rather than $485 for each shipment.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The high-volume warehouse or distribution center that supports B2B, Omni-channel activities, direct-to-consumer shipments, and the Internet of Things all require a flexible and scalable supply chain in order to function at optimal capacity. The problem is that most of today's supply chains are made up of fragmented silos of information that compromise their ability to compete, be responsive to customer demands or seize new business opportunities.

As customers' demands constantly evolve, transportation and logistics (T&L) operations are being put under growing pressure to offer more efficient delivery services, while not compromising on customer service. Using findings from a research survey conducted among transport and logistics managers around the world, this report explores how a combination of mobile technology implementations for mobile workers, and process re-engineering efforts can elevate operations to the next level.

It's a fact - most best-of-breed WMS providers force you to pay every time you require a system change. Uncover five more dirty secrets many warehouse management systems providers don't want you to know. Download the white paper 5 Dirty Secrets of Warehouse Management Systems to discover these hidden truths and gain valuable information on considerations for evaluating WMS vendors.

Not Sure? The Whitepaper "Stay or Switch" Provides the Research Necessary for You to See How Well Your Provider Stacks Up!

Too many companies invest in ERP systems but do not achieve the business benefits they anticipated. Sometimes, the ERP solution never fits the way your people and processes work.

Article Topics

News · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA