Fed Hikes Payment Fees Exempts Fednow Service

Fed Hikes Payment Fees Exempts Fednow Service

The Federal Reserve announced an average price increase of 1.8% for traditional payment services, while keeping FedNow service fees unchanged. This move aims to recover costs and promote the FedNow instant payment system. The Fed is also introducing four payment system enhancements to improve efficiency and security, building a more modern payment ecosystem. The unchanged FedNow fees are likely intended to incentivize adoption of the new real-time payment platform.

01/30/2026 International Settlement
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WCO Aids Niger Customs in Trade System Upgrade for Africa

WCO Aids Niger Customs in Trade System Upgrade for Africa

The World Customs Organization (WCO), with EU funding, launched the project "Harmonized Commodity Classification Based on WCO Standards to Strengthen African Trade," with Niger as one of the first beneficiary countries. WCO experts assessed Niger Customs to enhance its commodity classification and customs valuation capabilities, unify commodity classification standards, and facilitate African trade. This project will provide valuable experience for other African countries, jointly building a new landscape for African trade.

01/30/2026 Customs Knowledge
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Shopify Sellers Boost Sales with Datadriven Niche Strategies

Shopify Sellers Boost Sales with Datadriven Niche Strategies

This article delves into key strategies for Shopify product selection, emphasizing the importance of data-driven approaches, platform compatibility, compliance, and localization. By analyzing market trends, utilizing product selection tools, optimizing product portfolios, and avoiding common pitfalls, it helps sellers create high-potential products and achieve long-term profitability for their independent websites. The focus is on building a sustainable and successful online business through strategic product choices.

01/30/2026 Logistics Encyclopedia
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New HS 2028 Codes Target Plastic Waste for Trade Compliance

New HS 2028 Codes Target Plastic Waste for Trade Compliance

HS 2028 refines HS codes for plastic waste to more accurately identify waste regulated under the Basel Convention. This aims to support customs enforcement and corporate compliance, jointly addressing the global plastic pollution challenge and building a new order for green trade. By providing more specific classifications, HS 2028 facilitates better tracking and management of plastic waste, contributing to the effective implementation of international environmental agreements and promoting sustainable trade practices.

01/30/2026 HS Code Query
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CH Robinson SAS Partner to Optimize Retail Supply Chains

CH Robinson SAS Partner to Optimize Retail Supply Chains

C.H. Robinson and SAS collaborate to offer end-to-end dynamic supply chain solutions for retail and consumer goods companies by integrating inventory, demand signals, and real-time transportation data. This partnership aims to break down the silos between demand planning and transportation execution, building a more agile and intelligent supply chain. The goal is to help businesses respond to market changes, optimize inventory management, and improve overall operational efficiency.

02/03/2026 Logistics Industry Insights
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Black Friday Tests Supply Chains Spurs Port Strategy Shifts

Black Friday Tests Supply Chains Spurs Port Strategy Shifts

The National Retail Federation reported record-breaking Black Friday retail sales, highlighting the crucial role of logistics and material handling. Amidst evolving trade patterns, US ports are leveraging investments, data, and inland advantages to maintain efficient cargo flow. The future of logistics will increasingly emphasize intelligence, automation, and sustainability. These trends are essential for building supply chain resilience in the face of global disruptions and growing consumer demand.

02/03/2026 Logistics
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Study Warns of Efficiency Traps in Standardization Efforts

Study Warns of Efficiency Traps in Standardization Efforts

Process standardization enhances efficiency, but excessive standardization can hinder it and disrupt collaboration. Businesses should maintain flexibility and innovation, building complete workflows and strengthening departmental collaboration. Data-driven insights and user understanding are crucial for dynamically adjusting and optimizing processes. Entrepreneurs need to coordinate departmental relationships, ensure seamless information flow, and lead their teams to success. Balancing standardization with adaptability is key to achieving optimal efficiency and fostering a collaborative environment.

02/02/2026 Logistics Industry Insights
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Bolivia Customs Strengthens Leadership Amid Trade Challenges

Bolivia Customs Strengthens Leadership Amid Trade Challenges

Bolivian Customs significantly enhanced its leadership team's strategic decision-making abilities and team cohesion through customized training, team building, and negotiation skills development at a high-level leadership and management development retreat. This initiative strengthened their foundation for addressing future challenges. The WTO-SECO Global Trade Facilitation Programme provided crucial support for this event, fostering improved leadership and collaboration within the Bolivian Customs administration to promote trade facilitation.

02/02/2026 Customs Knowledge
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Bolivia Customs Boosts Leadership with Executive Training

Bolivia Customs Boosts Leadership with Executive Training

Bolivia Customs, through its participation in the SECO-WCO Global Trade Facilitation Programme, successfully held an executive leadership and management development workshop. This workshop aimed to enhance the leadership capabilities of the senior management team to address future strategic challenges. Through team building, individual leadership development, and negotiation skills training, the workshop significantly strengthened team cohesion and improved leadership skills, laying a solid foundation for the future development of Bolivia Customs.

02/02/2026 Customs Knowledge
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Chinathailand Sea Freight Expands As Trade Rises

Chinathailand Sea Freight Expands As Trade Rises

A company specializing in China-Thailand sea freight logistics. It provides efficient and convenient logistics solutions for China-Thailand trade, supporting the economic and trade development of both countries. This is achieved by building a dense route network, offering diverse vessel services, improving warehousing systems, providing one-stop services, and offering localized support. The company aims to streamline the shipping process and facilitate seamless international trade between China and Thailand.

02/02/2026 Logistics
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