CEVA and IMS Team Up For FTZ Services
A new alliance between CEVA Global Logistics and IMS Worldwide (IMSW) offers Foreign Trade Zone (FTZ) services to U.S. shippers.
The FTZ program started in the United States in 1934, and is in use across all states, particularly at large gateway points such as Houston, Los Angeles, Miami, Dallas, Chicago, Phoenix, El Paso, and New Jersey. An FTZ allows shippers to lower, eliminate, or become exempt from federal taxes and fees.
The partners will develop a sophisticated Zone Managed Services offering that will analyze a shipper's supply chain, and integrate certain activities into FTZ environments. This will help the shipper achieve improved efficiency, save on duties or import fees, and improve cash flow through working capital reductions.
The collaborative alliance allows CEVA to expand its current FTZ offerings to its ocean and air gateways in North America, as well as utilize its contract logistics expertise and footprint to offer additional benefits to shippers within the FTZ.
The partners also plan to offer e-commerce solutions and air cargo forwarding.