UPS's Q3 revenue decreased by 3.7% year-over-year, primarily due to lower shipping volumes, although pricing strategies partially offset the losses. The international segment performed strongly, with revenue increasing by 5.9% year-over-year. The company is actively pursuing network redesign and adjusting its cooperation model with Amazon. UPS anticipates Q4 revenue of approximately $24 billion and an operating margin of 11%-11.5%.
New Westminster Airport (IATA code: YBD) is now closed. It is located at latitude 49.2166667 and longitude -122.9, within the America/Vancouver time zone (GMT -7:00). No weather data is currently available, so travelers are advised to plan their trips in advance to avoid any inconveniences caused by the airport closure.
Karema Airport is an important aerial hub in Papua New Guinea, offering convenient flight services. Located at 7 degrees 57 minutes 49 seconds south and 145 degrees 46 minutes 15.59 seconds east, the airport features modern facilities to ensure a comfortable travel experience for passengers. For more information, please visit its Wikipedia page.
To improve international trade efficiency, Bangladesh has implemented an Advance Manifest system, requiring carriers to submit manifests 24 hours before vessel departure. This initiative aims to enhance customs clearance efficiency, reduce trade costs, and strengthen security controls through pre-processing. Shippers are required to cooperate by submitting accurate shipping instructions. This system is expected to significantly contribute to trade facilitation and streamline the import/export process for Bangladesh.
JiaPlus ERP for Walmart platform launches new features to help sellers efficiently manage stores, optimize listings, monitor hijackers, and improve customer experience, thereby converting traffic into sales during Black Friday. The platform offers unified product/order management, listing quality optimization, 24-hour hijacker monitoring, and automatic price adjustments. These features comprehensively enhance operational efficiency and sales performance for Walmart sellers, allowing them to maximize their potential during the peak shopping season.
On September 7, Cainiao announced a comprehensive upgrade of its import air freight products, covering over 200 international routes. The company launched a service for e-commerce clients that delivers in as fast as three days, enhancing logistics efficiency and cost competitiveness. This also allows for service segmentation and diversified pricing strategies, further strengthening its market position.
Lirquen Port, the largest private maritime port in Chile, has gradually become an important freight hub in South America since its opening in 1953. With an operational capacity of 7 million tons and efficient container services, the port has established a strong reputation in the global shipping market through continuous infrastructure optimization and the introduction of advanced technologies.
Amazon US SFP policy is adjusted: the on-time delivery rate requirement is reduced from 97% to 93.5%, and the assessment period is shortened from 30 days to 7 days. The policy aims to balance consumer experience and seller efficiency. Sellers need to improve logistics stability and optimize inventory management to adapt to the new assessment standards.
The Port of Long Beach, located in California, is the second busiest container port in the United States and a major hub for international trade. Spanning 3,200 acres and operating 24 hours a day, it features advanced loading and unloading facilities that efficiently handle a variety of cargo. With the highest average monthly throughput in the country, the port's strategic location and strong cargo processing capabilities support vibrant trade with international markets.
The Americas and Caribbean Customs Virtual Forum focused on gender equality and diversity, bringing together representatives from 24 countries. They shared experiences, discussed challenges, and launched the Spanish version of the WCO Gender Equality Organizational Assessment Tool (GEOAT). The forum aims to promote progress in gender equality within customs administrations and integrate it into the customs agenda. This initiative lays the foundation for building a more equitable and inclusive customs environment across the region.
