LTL Freight Industry Shifts to Densitybased Pricing Under NMFC

LTL Freight Industry Shifts to Densitybased Pricing Under NMFC

NMFTA updates the NMFC, placing greater emphasis on density-based classification. Shippers must accurately declare cargo information, and carriers will strictly penalize misrepresentation. The ClassIT+ platform assists with compliance. This update highlights the importance of precise density calculations in LTL shipping. Accurate reporting prevents penalties and ensures fair pricing based on the space a shipment occupies. The changes aim to streamline the classification process and promote transparency between shippers and carriers. Utilizing tools like ClassIT+ is crucial for navigating the updated NMFC guidelines and maintaining compliance.

01/30/2026 Logistics
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WCO Issues Guidance on Customs Valuation and Transfer Pricing

WCO Issues Guidance on Customs Valuation and Transfer Pricing

The World Customs Organization (WCO) guide aims to harmonize customs valuation and transfer pricing, addressing the challenges posed by related-party transactions. It draws on practical experiences from various countries. The guide seeks to provide clarity and promote consistent application of valuation principles in the context of international trade, especially when dealing with multinational enterprises and their internal pricing policies. This harmonization effort is crucial for ensuring fair revenue collection and preventing trade distortions arising from discrepancies between customs valuation and transfer pricing methodologies.

02/02/2026 Customs Knowledge
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JDA JB Hunt Partner to Enhance Freight Pricing Transparency

JDA JB Hunt Partner to Enhance Freight Pricing Transparency

JDA and J.B. Hunt have partnered to integrate their supply chain management platform and digital freight platform, aiming to provide shippers with greater pricing transparency and easier access to capacity. Through seamless API integration, users can obtain real-time dynamic quotes and rate updates, significantly improving operational efficiency and reducing transportation costs. This collaboration helps businesses gain a competitive edge by streamlining their logistics processes and optimizing resource allocation within the supply chain.

02/04/2026 Logistics
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New Yorks Congestion Pricing Stalls Amid Trucking Industry Pushback

New Yorks Congestion Pricing Stalls Amid Trucking Industry Pushback

New York City's congestion pricing plan faces ongoing opposition from the trucking industry and policy uncertainties. Data suggests initial success in alleviating Manhattan traffic congestion, but the trucking industry worries about increased operating costs. The policy's future direction remains unclear, requiring a balance of interests and a comprehensive approach to address traffic congestion. The plan's impact on businesses and the overall economy is still being evaluated, making it a complex issue with potential long-term consequences.

02/04/2026 Logistics Industry Insights
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Shenzhen To Gothenburg Air Freight Price Guide

Shenzhen To Gothenburg Air Freight Price Guide

This article presents air freight rates and flight information from Shenzhen to Gothenburg, including airline details, flight schedules, and cost breakdowns. It emphasizes customs requirements and important considerations for cargo handling, providing clear reference information for clients.

11/30/-0001 Logistics
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Exploring Air Freight Services And Pricing From Nanjing To Basra

Exploring Air Freight Services And Pricing From Nanjing To Basra

The article provides a detailed overview of air freight services and pricing from Nanjing to Basra. It lists shipping costs based on different weight categories and includes flight schedules along with important considerations. The importance of verifying the latest prices and transportation restrictions for goods is emphasized.

07/21/2025 Logistics
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