Ghana Forms New Customs Committee to Enhance Tema Port Trade

Ghana Forms New Customs Committee to Enhance Tema Port Trade

The Ghana Revenue Authority has established a Joint Customs Consultative Committee at Tema Port. This initiative aims to promote trade facilitation, reduce compliance costs for businesses, and enhance customs efficiency and transparency. The committee will serve as a platform for dialogue and collaboration between the GRA and stakeholders in the trading community. By addressing concerns and streamlining processes, the GRA seeks to create a more efficient and predictable trading environment, ultimately contributing to economic growth.

01/07/2026 Customs Knowledge
Read More
Ryder Expands Supply Chain Business Amid Industry Downturn

Ryder Expands Supply Chain Business Amid Industry Downturn

Ryder's supply chain business saw a 44% revenue increase in Q4, significantly outperforming other segments, driven by its M&A strategy. However, macroeconomic headwinds and declining used vehicle prices present challenges. The company anticipates slower overall revenue growth in 2023. Key areas to watch include technological innovation, green logistics, and global expansion. The strong supply chain performance highlights the success of strategic acquisitions, but the company must navigate economic uncertainties to maintain growth momentum.

01/16/2026 Logistics Industry Insights
Read More
Warehouse Vacancies Rise As Demand Cools Rent Growth Slows

Warehouse Vacancies Rise As Demand Cools Rent Growth Slows

Impacted by inflation and economic uncertainty, the warehouse market is experiencing cooling demand, leading to increased vacancy rates and slower rental growth. Business expansion has slowed, exacerbating the oversupply situation. New and existing warehouses face different challenges, requiring companies to adapt strategies and embrace automation. Despite current headwinds, the long-term growth trend of the warehouse market remains positive. Companies need to be flexible to navigate the changing landscape and capitalize on future opportunities.

01/16/2026 Warehousing
Read More
WCO Evaluates SAFE Framework to Strengthen Global Trade Security

WCO Evaluates SAFE Framework to Strengthen Global Trade Security

The SAFE Working Group meeting assessed the framework's implementation, focusing on data strategies and green customs initiatives. A new AEO (Authorized Economic Operator) curriculum was launched, and the working plan was revised to better reflect current priorities. Discussions emphasized strengthening coordination across various sectors to enhance the overall effectiveness of the SAFE Framework in promoting secure and efficient trade. The meeting highlighted the ongoing commitment to international customs cooperation and trade security.

01/16/2026 Customs Knowledge
Read More
US Retail Sales Show Mixed Trends in February

US Retail Sales Show Mixed Trends in February

February retail sales data released by the U.S. Department of Commerce and the National Retail Federation (NRF) indicate a slowdown in overall retail growth, with varying performance across different sectors. Online sales continue to rise, while categories like apparel experienced declines. Retailers need to closely monitor macroeconomic conditions, optimize product mix, and strengthen online channels to address challenges and seize opportunities. This includes adapting to evolving consumer preferences and potential impacts from broader economic factors.

01/16/2026 Logistics Industry Insights
Read More
Fedex Revises Strategy to Tackle Supply Chain Challenges Through 2025

Fedex Revises Strategy to Tackle Supply Chain Challenges Through 2025

FedEx's strategic adjustment, suspending Sunday deliveries in some areas, reflects economic downturn pressures. The logistics industry faces ongoing volatility and policy uncertainties through 2025. Companies need to embrace digital transformation, build diversified supply chains, and strengthen risk management to enhance flexibility and sustainability. Only by adapting to these changes can businesses thrive in this dynamic environment. This proactive approach is crucial for navigating the evolving landscape and ensuring long-term success amidst the challenges.

01/01/2026 Logistics
Read More
Supply Chain Costs Rise Stability Expected Soon

Supply Chain Costs Rise Stability Expected Soon

The EDGE conference focuses on the economy, nearshoring, shipper-3PL collaboration, and AI. Economic slowdowns are prompting a rise in nearshoring strategies. Collaborative partnerships are being optimized for efficiency. Artificial intelligence is empowering logistics operations, enhancing visibility and streamlining processes. These trends collectively contribute to greater supply chain stability and resilience in a rapidly changing global landscape. The conference aims to provide insights and strategies for navigating these challenges and leveraging opportunities for growth.

01/15/2026 Logistics Industry Insights
Read More
US Import Volumes Drop Sharply Amid COVID19 and Low Demand

US Import Volumes Drop Sharply Amid COVID19 and Low Demand

Panjiva data reveals a sixth consecutive month of decline in US seaborne imports in February, impacted by the COVID-19 pandemic and weakened demand. Imports from China experienced a sharp decrease, and future prospects remain uncertain. The ongoing pandemic continues to disrupt global supply chains and consumer spending, contributing to the overall downturn in trade activity. This trend raises concerns about the potential long-term economic consequences for both the US and its trading partners.

01/15/2026 Logistics Industry Insights
Read More
Fedex Pilots Reach Tentative Deal to Avoid Strike

Fedex Pilots Reach Tentative Deal to Avoid Strike

FedEx has reached a tentative agreement with its pilots, averting a potential strike. However, the details of the agreement remain undisclosed. The company still faces operational, financial, and reputational risks. To navigate global economic uncertainties and market competition, FedEx needs to enhance communication, improve efficiency, and strengthen risk management practices. The agreement, while positive, doesn't eliminate the need for proactive measures to ensure long-term stability and success in the dynamic air transportation industry.

01/15/2026 Logistics
Read More
Major Shipping Firms Return to Suez Canal As Trade Rebounds

Major Shipping Firms Return to Suez Canal As Trade Rebounds

The return of CMA CGM's mega-vessels to the Suez Canal signals a recovery for the Red Sea route, boosting international shipping. FAL1 and INDAMEX services will gradually resume operations via the Suez Canal, potentially reducing transportation costs and improving efficiency. However, geopolitical risks and economic fluctuations persist, requiring the shipping industry to navigate cautiously. This resumption offers a positive outlook, but careful monitoring of global events remains crucial for sustained stability in maritime trade.

01/15/2026 Logistics
Read More