DHL Global Forwarding has announced that it is expanding its Foreign Trade Zone (FTZ) locations in the US with a new FTZ at New York’s JFK Airport.
FTZs are secure areas under US Customs and Border Protection (CBP) supervision that are generally considered outside of the US for customs purposes. FTZs are used for loading, unloading, handling, storing goods and for reshipping them by land, sea or air. Customers benefit from FTZs as they reduce, defer or mitigate the impact of tariffs and taxes. With the latest addition, DHL now offers FTZ capabilities in a total of seven locations, including Atlanta, Chicago, Dallas/Fort Worth, Miami, San Diego and Los Angeles. In addition, DHL also administers several other customer-operated or user specific FTZs across the country. Three additional FTZ locations in El Paso, San Francisco and San Juan, Puerto Rico are planned for 2020.
The FTZ expansion is in response to customer needs to build comprehensive end-to-end solutions in several industry sectors which include life sciences and healthcare, energy, technology, consumer retail, manufacturing and automotive. The added FTZ presence throughout the country is also geared toward supporting customers in mitigating the effects of fluctuating trade scenarios facing companies with operations in the US.
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