Fedex Cuts 843 Jobs Across Five Facilities

Fedex Cuts 843 Jobs Across Five Facilities

FedEx announced it will lay off 843 employees across five facilities in the coming months. The layoffs, impacting transportation hubs and supply chain facilities, are aimed at network consolidation, cost reduction, and adapting to evolving customer needs. The company will strive to help affected employees find internal job opportunities and continue investing in new technologies and innovation to improve operational efficiency and customer experience. This restructuring reflects FedEx's ongoing efforts to optimize its operations and navigate the changing logistics landscape.

01/28/2026 Logistics
Read More
Ecommerce Slowdown Dampens Industrial Real Estate Growth

Ecommerce Slowdown Dampens Industrial Real Estate Growth

Deloitte research indicates that despite continued e-commerce growth, industrial real estate faces multiple challenges, including oversupply, increased competition, rising financing costs, and macroeconomic headwinds, potentially slowing growth. The report emphasizes the importance of reverse logistics and highlights emerging trends like on-demand warehousing. Companies need to closely monitor market changes and adjust their strategies to stand out in the competition. Strategic adaptation is key to navigating these challenges and capitalizing on new opportunities within the evolving industrial real estate landscape.

01/29/2026 Logistics Industry Insights
Read More
Averitt Express Expands Texas Operations for Southwest Logistics Growth

Averitt Express Expands Texas Operations for Southwest Logistics Growth

Averitt Express is expanding its Texas operations, adding a new distribution center in Amarillo and enhancing its Dallas hub. This strategic move aims to address the increasing demands of e-commerce and improve overall logistics efficiency within the state. The expansion will strengthen Averitt's supply chain capabilities in Texas, allowing for faster and more reliable service for its customers. By investing in infrastructure and technology, Averitt Express is positioning itself to better serve the growing needs of the Texas market.

01/29/2026 Logistics
Read More
Jiangsuhong Kong Trade Rises on Crossborder Ecommerce Boost

Jiangsuhong Kong Trade Rises on Crossborder Ecommerce Boost

The Jiangsu consolidation to Hong Kong model is becoming increasingly popular, driven by the growth of cross-border e-commerce. Its convenience, efficiency, cost advantages, and professional services are emerging as new growth drivers for Jiangsu-Hong Kong trade. Businesses need to pay attention to operational procedures, prohibited items, and cargo packaging to ensure smooth transportation. Understanding these aspects is crucial for leveraging this efficient logistics solution and maximizing benefits within the dynamic cross-border trade landscape between Jiangsu and Hong Kong.

01/26/2026 Logistics
Read More
WCO Revises Customs Valuation Rules to Reduce Trade Risks

WCO Revises Customs Valuation Rules to Reduce Trade Risks

The World Customs Organization has released updated Customs Valuation tools, focusing on revised advisory opinions regarding royalties and the valuation of private label goods. These new guidelines aim to assist businesses in more accurately understanding and applying customs valuation rules, reducing trade costs, improving customs clearance efficiency, and mitigating potential risks. The updates provide clarity on complex valuation issues, ensuring fair and consistent application of international trade regulations. This will ultimately facilitate smoother cross-border transactions and promote greater trade compliance.

01/26/2026 Customs Knowledge
Read More
WCO Committee Updates Global Trade Classification Standards

WCO Committee Updates Global Trade Classification Standards

The 57th session of the World Customs Organization's Harmonized System Committee holds significant implications for global trade. This session adopted several commodity classification decisions, classification opinions, and amendments to the Harmonized System Explanatory Notes, covering sectors like food and beverages, plastic products, agricultural machinery, and electronics. Businesses should closely monitor the WCO official website, enhance communication with customs authorities, and improve their own classification capabilities to effectively navigate new trade challenges. Staying informed is crucial for compliance and efficient international trade operations.

01/26/2026 HS Code Query
Read More
Sri Lanka Tackles Plastic Waste With World Customs Support

Sri Lanka Tackles Plastic Waste With World Customs Support

The World Customs Organization (WCO) is assisting Sri Lanka Customs in upgrading its border controls to address the growing problem of cross-border plastic waste flows. Through virtual diagnostic missions, customized implementation plans, and regional workshops, the WCO aims to strengthen customs' management of plastic waste, curb illegal shipments, protect the environment, and build a new global framework for plastic waste governance. This initiative highlights the importance of international collaboration in tackling environmental challenges and enhancing customs' role in preventing illicit trade.

01/26/2026 Customs Knowledge
Read More
Mexico Hong Kong Expand Trade with AEO Program Recognition

Mexico Hong Kong Expand Trade with AEO Program Recognition

Mexico and Hong Kong have signed an Action Plan for Mutual Recognition of Authorized Economic Operators (AEOs), aiming to streamline cross-border trade processes, improve customs clearance efficiency, and reduce business risks. Through OEA certification, companies can enjoy benefits such as priority customs clearance and reduced inspection rates, enhancing their global competitiveness. This initiative sets an example for other countries, promoting global trade facilitation. The agreement is expected to foster stronger economic ties and create new opportunities for businesses in both regions.

01/26/2026 Customs Knowledge
Read More
Antigua and Barbuda Joins World Customs Organization

Antigua and Barbuda Joins World Customs Organization

Antigua and Barbuda officially joined the World Customs Organization (WCO) as its 182nd member. This strengthens the WCO's presence in the Americas/Caribbean region and injects new vitality into global customs cooperation. The WCO is dedicated to improving customs management efficiency through setting standards, providing assistance, and promoting cooperation. Its core mission is to facilitate trade and enhance security worldwide. Antigua and Barbuda's membership will contribute to these efforts and benefit from the WCO's expertise in international trade and customs procedures.

01/26/2026 Customs Knowledge
Read More
Customs Enhances Aid CRED Project Innovates Epidemic Response

Customs Enhances Aid CRED Project Innovates Epidemic Response

The World Customs Organization (WCO)'s C-RED project aims to enhance the capacity of West African customs to respond to epidemics. Through multilateral cooperation and streamlined customs procedures, it has significantly improved the region's efficiency in responding to emergencies. The C-RED+ project plans to expand its coverage and leverage new technologies to build a more robust lifeline, providing a stronger guarantee for global humanitarian assistance. This initiative strengthens customs' role in facilitating aid delivery and ensuring timely responses to crises.

01/26/2026 Customs Knowledge
Read More