Global Container Shipping Rates Drop Amid Weak Peak Season Demand

Global Container Shipping Rates Drop Amid Weak Peak Season Demand

The container shipping market has entered its off-season, with the SCFI index falling below 1000 points again. Freight rates on the US West Coast route have plummeted, approaching the cost line. Overcapacity and weak demand have led to a comprehensive decline in freight rates. Shipping companies' efforts to reduce capacity and cancel sailings have had limited effect, and December's price increase plans face challenges. Australia/New Zealand and South America routes bucked the trend with price increases, while intra-Asia routes saw minor fluctuations. The market may remain volatile at a low level, requiring shipping companies to adjust their strategies to meet the challenges.

02/11/2026 Logistics
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Credit Agricole Egypt Simplifies Crossborder Transfers With SWIFT Guide

Credit Agricole Egypt Simplifies Crossborder Transfers With SWIFT Guide

The SWIFT code for the Agricultural Bank of Egypt is AGRIEGCXXXX. It is crucial to verify the SWIFT code before initiating any remittance. Be mindful of fluctuating exchange rates and choose an appropriate channel to ensure the accurate and efficient delivery of funds. Double-check all details with your bank to avoid any delays or complications in the cross-border transfer process.

09/03/2025 International Settlement
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New Regulations Announced: Civil Aviation Cargo Transport Management Rules to Take Effect in 2024

New Regulations Announced: Civil Aviation Cargo Transport Management Rules to Take Effect in 2024

The new 'Regulations on Civil Aviation Cargo Transportation' will officially take effect on December 1, 2024. These regulations aim to ensure aviation transportation safety, improve service quality, clarify responsibilities, and maintain market order. All parties, including shippers and carriers, will carry significant responsibilities, while the introduction of electronic documents and a complaint mechanism will promote modernization and transparency in the industry.

07/09/2024 Logistics
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Tianjin Sea Freight Full Container Export Process Analysis

Tianjin Sea Freight Full Container Export Process Analysis

This article outlines the basic procedures for full container ocean export at Tianjin Port, including booking, container pickup, loading, customs declaration, consolidation, and shipping. Each step is interconnected to ensure the safety and compliance of the transportation process. The importance of customs supervision is particularly emphasized, aiming to reduce smuggling risks in cargo management and ensure the smooth progress of all formalities.

07/21/2025 Logistics Encyclopedia
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TACT Manual Remains Vital for Global Air Cargo Industry Amid E-Commerce Boom

TACT Manual Remains Vital for Global Air Cargo Industry Amid E-Commerce Boom

This article presents the important air freight rate manual TACT (The Air Cargo Tariff), first published in 1975 and currently co-published by several airlines. TACT is divided into three main parts and includes all rules and detailed rate information for international transport. Understanding how to use TACT enables transportation professionals to obtain precise quotes, thereby enhancing decision-making efficiency and market competitiveness.

07/28/2025 Logistics Encyclopedia
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US Services Sector Growth Accelerates in October

US Services Sector Growth Accelerates in October

The Non-Manufacturing Index (NMI) reached a robust 59.1 in October, significantly exceeding the expansion threshold, indicating strong growth. Key indicators such as business activity/production, new orders, and employment all performed well, demonstrating strong market confidence. Experts predict a solid finish to the fourth quarter with substantial growth potential. Now is the prime time to seize opportunities and accelerate performance!

01/28/2026 Logistics Industry Insights
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Trucking Spot Rates Volumes Decline Amid Market Slowdown

Trucking Spot Rates Volumes Decline Amid Market Slowdown

US truckload spot market rates and volumes declined in late July, indicating a seasonal adjustment. Dry van, refrigerated, and flatbed markets were all affected. A DAT analyst noted agricultural freight volumes were at a 10-year low. Businesses should monitor market dynamics, optimize operational efficiency, expand service offerings, strengthen risk management, and embrace technological innovation to navigate the changing freight landscape.

02/04/2026 Logistics
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USPS Expands Lastmile Delivery to Support Retailers

USPS Expands Lastmile Delivery to Support Retailers

The United States Postal Service (USPS) has announced the opening of its last-mile delivery network, making over 18,000 Delivery Destination Units (DDUs) nationwide available to shippers of all sizes. This move aims to enhance USPS's competitiveness in e-commerce logistics by optimizing last-mile delivery. It intends to help retailers shorten delivery times, reduce operational costs, and improve customer experience.

01/15/2026 Logistics
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USPS Expands Lastmile Delivery to Improve Efficiency Revenue

USPS Expands Lastmile Delivery to Improve Efficiency Revenue

The United States Postal Service (USPS) has announced the opening of over 18,000 Delivery Destination Units (DDUs) to improve last-mile delivery efficiency by reducing transit times and costs. This initiative aims to assist shippers of all sizes and bolster USPS's competitiveness in the demanding logistics market. Effectively managing and optimizing these DDUs will be a critical challenge for USPS moving forward.

01/15/2026 Logistics
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Prologis Report Indicates Shift in Logistics Real Estate Demand

Prologis Report Indicates Shift in Logistics Real Estate Demand

The Prologis IBI Index indicates a turning point in logistics real estate demand, with the Q3 activity index reaching 53. Net absorption, new lease signings, and project pipelines all show healthy growth. E-commerce and large enterprises are driving the increase, but trade volatility introduces uncertainty. The market recovery is non-linear, and businesses need to pay close attention to international trade developments.

01/15/2026 Logistics Industry Insights
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