DHL Global Forwarding, the Deutsche Post DHL Group’s air and ocean freight specialist, is expanding its Foreign Trade Zone (FTZ) locations in the United States with the inauguration of its newest FTZ at New York’s JFK Airport.
FTZs are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside of the United States for customs purposes.
These areas are used for loading, unloading, handling, storing goods and for reshipping them by land, sea or air.
Customers benefit with 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-Ft. Worth, Miami, San Diego and Los Angeles, making DHL an operator of one of the broadest networks of general purpose trade facilities in the United States.
“Our ultimate goal is to support our customers with comprehensive services, strategically located facilities and our broad FTZ footprint across the United States. This newest location will further help customers minimize their duty exposure in an ever-changing Customs landscape and support their future business growth objectives.” –David Goldberg, CEO, DHL Global Forwarding, U.S.
FTZs Help Mitigate Trade Fluctuation Risks
The FTZ expansion is part of the company’s response to customer needs to build comprehensive end-to-end solutions in a number of industry sectors which include life sciences and healthcare, chemicals and energy, technology, consumer retail, engineering and manufacturing, public sector 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 United States.
In addition to its seven foreign trade zones, DHL also administers several other customer-operated or user specific FTZs across the nation; all of which supported by experienced FTZ professionals at competency centers in Dallas and El Paso.
Three additional FTZ locations in El Paso, San Francisco and San Juan, Puerto Rico are planned for 2020.
DHL will provide consulting for customers new to FTZ or seeking to determine if FTZ, or what combination of import strategies, is the ideal option for their business needs.
Have you used any of DHL’s FTZ locations for your business?
Please use the comments section below or head over to our Facebook Group for Small Business Sellers and interact with other small business owners.