Daily Archives: May 16, 2016

CBP Releases Quarterly Interest Rates for Overdue Accounts and Refunds

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In a Federal Register (FRN) notice published on May 13, 2016 U.S. Customs and Border Protection (CBP) released a general notice publishing the quarterly interest rates for under- and overpayments of customs duties, effective April 1, 2016.

The release specifies that, “the interest rates for overpayments will be 3 percent for corporations and 4 percent for non-corporations, and the interest rate for underpayments will be 4 percent for both corporations and non-corporations.”

The interest rates are set by the Internal Revenue Service (IRS) and are determined every quarter based on the Federal short-term rate.

Read more at expeditors.com

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Roadrunner Expands Expedited Freight Service From Chicago

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Cudahy, WI – May 16, 2016 – Roadrunner Transportation Systems, Inc. (NYSE: RRTS) today announced the expansion of its less-than-truckload service to include expedited freight service to Los Angeles metro, Atlanta metro and Dallas metro from Chicago, Ill. The new service offering from Roadrunner Guarantee, the solution for time sensitive LTL freight shipments, began May 2, 2016.

“The expedited freight service offers transit times one to two days shorter than standard delivery with a 100% on-time complete delivery,” said Grant Crawford, Roadrunner Transportation Systems President of Less-than-Truckload. “The added expedited freight service from Chicago gives our customers the highest value for their transportation needs through timeliness, reporting and service.”

Read more at www.rrts.com

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