Understanding Delivery Terms in International Trade — Incoterms®

Understanding Delivery Terms in International Trade — Incoterms®

Incoterms® are essential delivery terms in international commerce that clarify the rights and obligations of buyers and sellers. Developed by the International Chamber of Commerce, they help businesses avoid misunderstandings during the delivery of goods. The current version, revised in 2019, includes 11 terms applicable to various modes of transport. Understanding these terms is crucial for ensuring the smooth operation of international trade.

07/21/2025 Logistics Encyclopedia
Read More
USPS Expands Sorting Centers to Speed Holiday Deliveries

USPS Expands Sorting Centers to Speed Holiday Deliveries

To handle the holiday surge in package volume, USPS will open 11 new sorting centers, optimizing processes and improving efficiency. This initiative is a key part of the "Delivering for America" plan, aimed at modernizing and streamlining the postal service's operations. The new centers will help expedite package delivery and reduce potential delays during peak season, ensuring a smoother and more reliable shipping experience for customers.

01/08/2026 Logistics
Read More
UPS Q3 Revenue Falls but International Growth Offsets Decline

UPS Q3 Revenue Falls but International Growth Offsets Decline

UPS's Q3 revenue decreased by 3.7% year-over-year, primarily due to lower shipping volumes, although pricing strategies partially offset the losses. The international segment performed strongly, with revenue increasing by 5.9% year-over-year. The company is actively pursuing network redesign and adjusting its cooperation model with Amazon. UPS anticipates Q4 revenue of approximately $24 billion and an operating margin of 11%-11.5%.

01/07/2026 Logistics
Read More
Banco Econmico Angola SWIFT Codes Ease Global Transfers

Banco Econmico Angola SWIFT Codes Ease Global Transfers

Banco Economico (Angola) uses the SWIFT code BESCAOLUXXX for international money transfers. It is crucial to verify this information and choose secure channels when sending or receiving funds internationally. Always double-check the details with the bank or recipient to avoid errors or potential fraud. Using a correct and verified SWIFT code ensures that your international transactions are processed smoothly and efficiently by Banco Economico.

09/04/2025 International Settlement
Read More
Hibret Bank Ethiopia Simplifies SWIFT Codes for International Transfers

Hibret Bank Ethiopia Simplifies SWIFT Codes for International Transfers

Hibret Bank's SWIFT code UNTDETAAXXX is used for international money transfers to Ethiopia. It's crucial to verify this information and understand the bank's procedures for handling errors and required information for receiving funds. This ensures secure and efficient international remittances to Hibret Bank in Ethiopia. Double-checking details with the sending and receiving banks is highly recommended to avoid delays or complications with the transfer process.

09/02/2025 International Settlement
Read More
Amazon Hosts Spring Salon to Aid Crossborder Sellers

Amazon Hosts Spring Salon to Aid Crossborder Sellers

Buyun.com will host the Amazon Business Spring Salon in Shenzhen on February 27, 2025, aiming to help cross-border e-commerce sellers unlock the secrets of enterprise-level order procurement and double their orders. The event will invite Amazon official managers, brand team managers, and lecturers to share BTD models, order doubling strategies, and release exclusive welfare policies for sellers, providing interactive communication opportunities.

02/21/2025 Logistics Industry Insights
Read More
US Freight Volume Drop Signals Economic Slowdown Concerns

US Freight Volume Drop Signals Economic Slowdown Concerns

The US Cass Freight Index indicates a decline in both freight volume and expenditures in November, suggesting potential downward pressure on the economy. Freight volume serves as an economic barometer, and its continued weakness warrants attention. Data from the coming months will be crucial in assessing the severity and duration of this trend. The double-digit declines raise concerns about a possible economic slowdown or recession.

01/15/2026 Logistics Industry Insights
Read More
Guangzhou Airport Ranks Ninth Globally in Cargo Traffic

Guangzhou Airport Ranks Ninth Globally in Cargo Traffic

In 2024, Guangzhou Baiyun International Air Cargo Airport's cargo and mail throughput surpassed 2.38 million tons, ranking ninth globally. The airport launched 18 new international routes and built an efficient logistics network, attracting numerous global logistics giants to settle in. The future looks promising.

08/04/2025 Logistics
Read More
Comoros Franc to US Dollar Exchange Rate Trends Analyzed

Comoros Franc to US Dollar Exchange Rate Trends Analyzed

This article analyzes the latest exchange rate data for the Comorian Franc (KMF) against the US Dollar (USD) and its volatility trends. As of August 11, 2025, 5 KMF can be exchanged for 0.01183 USD, with fluctuations influenced by various macroeconomic factors. By examining the exchange rates over the past 30 and 90 days, the article provides insights and recommendations for the future trend of the Comorian Franc.

08/11/2025 Exchange Rate Query
Read More
International Freight Train from Lanzhou: A New Channel for Trade and Economic Cooperation with South Asia

International Freight Train from Lanzhou: A New Channel for Trade and Economic Cooperation with South Asia

On May 11, 2023, the ‘Lanzhou’ international freight train for South Asia successfully launched, marking a significant achievement in regional economic development and the Belt and Road Initiative. The train travels through Lhasa and Shigatse to reach Nepal, showcasing Lanzhou's advantage as a key logistics hub and enhancing its international trade capabilities. Surrounding cities are optimistic about this new route, hoping it will foster bilateral economic cooperation and development.

05/11/2023 Logistics
Read More