Forklift Buyers Prioritize Service Over Price in 2024

Forklift Buyers Prioritize Service Over Price in 2024

The 2024 forklift procurement survey reveals that service quality has surpassed price as a key decision factor. In the face of economic uncertainty, companies are prioritizing return on investment, demanding higher reliability, ease of maintenance, and spare parts availability for forklifts. The report highlights trends in forklift fleet management, the impact of economic factors, procurement intentions, and spare parts replacement. It provides valuable insights for industry stakeholders, emphasizing the shift towards long-term value and operational efficiency over solely focusing on initial purchase price.

02/04/2026 Logistics Industry Insights
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North American Intermodal Rebounds in Q4 Amid Annual Challenges

North American Intermodal Rebounds in Q4 Amid Annual Challenges

The North American intermodal market saw year-over-year growth in Q4 2023, ending a nine-quarter decline, though full-year figures remained down. Inventory reduction, economic growth, and the resolution of West Coast labor contracts were key drivers of the Q4 increase. Intermodal is expected to continue growing in 2024 but faces challenges from trucking competition and global "X factors." The recovery suggests a positive trend in the freight market, potentially linked to broader economic recovery efforts, but sustained growth depends on navigating these external pressures.

02/04/2026 Logistics Industry Insights
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Global Container Shipping Demand Dips Ports Face Challenges

Global Container Shipping Demand Dips Ports Face Challenges

US container shipping volumes continued to decline in the first quarter of 2023, influenced by shifts in consumer spending and West Coast port labor negotiations. This decrease signals a potential economic slowdown, impacting employment and the supply chain. The industry should embrace digitalization, strengthen intermodal cooperation, expand diversified services, and focus on emerging markets to seize opportunities for transformation and upgrading. The downturn highlights the need for resilience and adaptability within the container shipping sector to navigate economic uncertainties and evolving global trade dynamics.

02/04/2026 Logistics
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Thailand Sierra Leone Push Kyoto Convention Signatories Over 100

Thailand Sierra Leone Push Kyoto Convention Signatories Over 100

With Thailand and Sierra Leone joining, the Revised Kyoto Convention (RKC) has surpassed 100 contracting parties, marking a significant step in global trade facilitation. The convention aims to simplify and harmonize customs procedures, reduce trade costs, and improve efficiency. It works in synergy with the WTO's Trade Facilitation Agreement, injecting new vitality into global economic development. The WCO encourages more members to join and collectively promote trade facilitation. This milestone underscores the growing global commitment to streamlining trade processes and fostering economic growth through simplified customs procedures.

02/03/2026 Customs Knowledge
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Namra Partners With ZRA to Advance Tax Automation in Africa

Namra Partners With ZRA to Advance Tax Automation in Africa

Namibian Revenue Agency (NamRA) officials visited Zambia to learn from the ZRA's experience with the ASYCUDA World system, aiming to enhance tax automation and implement the WTO's Trade Facilitation Agreement. The Zambia Revenue Authority (ZRA) shared insights on innovative modules like electronic payments and valuation control. The WCO will continue to support NamRA in improving its trade environment and fostering economic development. This collaboration highlights the commitment to modernizing customs procedures and promoting regional cooperation for increased efficiency and economic growth within the African continent.

02/05/2026 Customs Knowledge
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WCO and IDB Collaborate to Boost Latin American Trade Efficiency

WCO and IDB Collaborate to Boost Latin American Trade Efficiency

The World Customs Organization (WCO) participated in a policy dialogue organized by the Inter-American Development Bank (IDB), focusing on trade facilitation in Latin America. The WCO shared its expertise in areas such as Single Windows and Authorized Economic Operators (AEO), and presented the Mercator Program. The event brought together various stakeholders to discuss the implementation and cooperation of trade facilitation measures. The dialogue emphasized the importance of streamlined procedures and collaborative efforts to enhance trade efficiency and economic growth within the Latin American region.

02/05/2026 Customs Knowledge
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Vietnamaustralia Rail Project to Enhance Regional Trade

Vietnamaustralia Rail Project to Enhance Regional Trade

The Vietnam-Australia railway project is gaining momentum, planned to span approximately 10,000 kilometers through several ASEAN countries. This initiative aims to boost trade and economic development, driving growth along the route and improving regional transportation networks. While facing challenges like complex terrain, significant funding requirements, and environmental assessments, its completion promises profound impacts on regional interconnectivity. The railway is expected to facilitate smoother trade flows, enhance tourism, and foster closer economic ties between Southeast Asia and Australia, ultimately contributing to sustainable development in the region.

02/05/2026 Logistics
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Malaysiachina Strengthen Ties in Trade Transport and Culture

Malaysiachina Strengthen Ties in Trade Transport and Culture

This article provides a comprehensive overview of various transportation options from Malaysia to China, including air, sea, and land routes. It delves into the close ties between the two countries in economic and cultural spheres. The analysis highlights the complementarity of China-Malaysia trade and the diversity of cultural exchange, showcasing the mutually beneficial strategic partnership between the two nations. The paper emphasizes the thriving relationship built upon economic cooperation and people-to-people connections, contributing to a stronger and more prosperous future for both countries.

02/05/2026 Logistics Encyclopedia
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