The challenges facing businesses involved in imports and exports are complex. One constant theme in the industry is the rising cost of compliance. A related theme has to do with the expanding complexity of issues demanding compliance efforts.
Annual Review and Outlook - Government
This year, the U.S. transportation industry will receive the first funding from some $205 billion allocated for highway and $48 billion allocated for transit projects, and approximately $10.8 billion in grants for freight projects allocated over the next five years, the largest allocation over the longest period of time in nearly a decade.
2016 will be a challenging year for the liner shipping industry, both in economic terms and on the regulatory front. The two are related.
2016 will require added attention to counter-terrorism and security by all government agencies, including border agencies such as Customs.