Bank of America Index Shows High Costs Low Volumes in US Logistics

Bank of America Index Shows High Costs Low Volumes in US Logistics

The Bank of America Freight Payment Index indicates a decrease in freight volumes during the fourth quarter, while freight spending reached a record high. Driver shortages, rising fuel prices, and ongoing supply chain challenges are key contributing factors. Regional performance varied, with the Western region experiencing the largest increase in spending. To navigate these challenges, businesses need to optimize their supply chains, strengthen collaboration, diversify transportation options, and embrace digital transformation. These strategies are crucial for mitigating the impact of rising costs and ensuring efficient freight operations in the current economic climate.

01/21/2026 Logistics Industry Insights
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Asiapacific Customs Intensifies Plastic Waste Crackdown with WCO Backing

Asiapacific Customs Intensifies Plastic Waste Crackdown with WCO Backing

The World Customs Organization (WCO) is assisting Indonesian and Philippine Customs in enhancing their plastic waste management capabilities through a virtual diagnostic mission, addressing the challenges posed by the Basel Convention amendments. This project aims to strengthen customs control over plastic waste in the Asia-Pacific region, combat illegal shipments, and raise awareness of the Convention. The WCO will develop an implementation plan and host regional workshops to foster cooperation and collectively address the plastic waste challenge. The initiative underscores the importance of customs in tackling environmental crime and promoting sustainable waste management practices.

02/12/2026 Customs Knowledge
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Asiapacific Customs Centers Boost Remote Training

Asiapacific Customs Centers Boost Remote Training

The 19th Meeting of Heads of WCO Asia Pacific Regional Training Centers (RTCs) focused on remote training, discussing challenges and best practices. RTCs shared experiences, emphasizing the importance of cooperation and highlighting the need to enhance data analysis skills. The meeting aimed to promote customs capacity building and modernization in the Asia-Pacific region through collaborative efforts and the adoption of innovative training methodologies. Key discussions revolved around improving the effectiveness and accessibility of remote training programs to better equip customs officers with the necessary skills for the future.

02/12/2026 Customs Knowledge
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WCOJICA Project Improves Customs Skills in East Africa

WCOJICA Project Improves Customs Skills in East Africa

The WCO/JICA Joint Project aims to enhance commodity classification capabilities of East African Customs and promote regional trade facilitation. Through Master Trainer training, case studies, and experience sharing, the project addresses commodity classification challenges, improves customs enforcement efficiency, and increases revenue collection, contributing to regional economic integration. The project commits to continuous support for capacity building in East African Customs, ensuring sustainable development. This initiative is crucial for streamlining trade processes and fostering economic growth in the region by standardizing commodity identification and promoting compliance with international trade regulations.

02/12/2026 Customs Knowledge
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Georgia South Carolina Ports Form Southern States Chassis Pool

Georgia South Carolina Ports Form Southern States Chassis Pool

The Georgia Ports Authority and the South Carolina Ports Authority have partnered to submit an agreement to the Federal Maritime Commission to establish the 'South Atlantic Chassis Pool 3.0' (SACP 3.0). This aims to address chassis aging, shortages, and market fragmentation in container shipping in the Southeastern United States. Operated by the North American Chassis Pool Cooperative (NACPC), the pool focuses on improving chassis quality, increasing scale, and providing a cost-based pricing model. The goal is to enhance container shipping efficiency and reduce logistics costs for shippers in the region.

02/03/2026 Logistics
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WCO Enhances Ukraines Customs Training With Regional Center Upgrade

WCO Enhances Ukraines Customs Training With Regional Center Upgrade

The World Customs Organization (WCO) deployed a technical assistance mission to support Ukraine Customs' capacity building, focusing on assessing and assisting the Khmelnytskyi Regional Training Center (RTC) in defining its role and strategic planning. Through workshops, the RTC clarified its position within the WCO's capacity building framework and developed future directions. This initiative aims to enhance customs management in Ukraine and the broader European region, contributing to international trade and global security. The mission helped RTC to identify key areas for improvement and develop a roadmap for future growth and development.

02/02/2026 Customs Knowledge
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Haiti Dominican Republic Boost Customs Skills in WCO Workshop

Haiti Dominican Republic Boost Customs Skills in WCO Workshop

The WCO trained customs officers in Haiti to enhance their valuation capabilities. This initiative aimed to strengthen customs valuation practices, ensuring revenue security and promoting fair trade. Furthermore, the program fostered cooperation between Haiti and the Dominican Republic, encouraging regional collaboration in customs administration. By building capacity and promoting regional partnerships, the WCO contributes to the sustainable development of Haiti and the wider Caribbean region, facilitating legitimate trade and combating illicit activities. The focus on valuation is crucial for accurate revenue collection and a level playing field for businesses.

02/03/2026 Customs Knowledge
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Asiapacific Nations Strengthen Customs to Curb Illegal Plastic Waste Trade

Asiapacific Nations Strengthen Customs to Curb Illegal Plastic Waste Trade

The World Customs Organization (WCO) launched the Asia-Pacific Border Management Waste Project to strengthen customs control over plastic waste in the Asia-Pacific region, combat illicit trade, and raise awareness of the Basel Convention amendments. Through virtual diagnostic missions to Indonesia and the Philippines, the WCO will develop detailed implementation plans and host regional workshops to promote regional cooperation in addressing plastic waste management challenges and building green border defenses. The project aims to enhance the capacity of customs administrations to effectively regulate and manage the transboundary movement of plastic waste.

02/03/2026 Customs Knowledge
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Global Trade Adapts to New Air Routes and Ecommerce Rules

Global Trade Adapts to New Air Routes and Ecommerce Rules

International logistics e-commerce is active: YTO Express and China Southern Airlines are expanding routes, Indonesia is limiting prices, AliExpress is complying with regulations, Ozon is going public, Asia-Pacific e-commerce is growing, and shipping companies are adjusting routes. This highlights the dynamic landscape of cross-border trade, with companies adapting to new regulations, expanding their reach, and capitalizing on growth opportunities in the Asia-Pacific region. The trends reflect the increasing importance of efficient and compliant international logistics for e-commerce businesses operating on a global scale.

02/03/2026 Logistics
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YTO Cargo Expands to Bangladesh with New Changshadhaka Route

YTO Cargo Expands to Bangladesh with New Changshadhaka Route

YTO Cargo Airlines launched its first South Asian route, Changsha-Dhaka, connecting Central China with Bangladesh, facilitating cross-border e-commerce and fresh produce trade. YTO Cargo Airlines will also increase the frequency of international routes originating from Changsha, establish a regional headquarters in Central China, and enhance customer cooperation through the GBP project. YTO Cargo Airlines continues to expand, contributing to the Belt and Road Initiative and promoting global trade prosperity. This new route signifies YTO's commitment to expanding its network and supporting economic growth in the region.

02/03/2026 Logistics
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