Indonesia Boosts EV Industry with Incentives and Localization Rules

Indonesia Boosts EV Industry with Incentives and Localization Rules

Indonesian President Joko Widodo has issued new regulations offering tariff reductions and adjusting the TKDN (Domestic Component Level) index to attract electric vehicle imports while fostering domestic industry growth. The new policy provides financial incentives for importers and gradually increases the required use of local components, aiming for technology transfer and industrial upgrading. The policy's effectiveness hinges on the development of local supporting industries and the government's implementation efforts. The goal is to boost the electric vehicle market and create a sustainable ecosystem.

01/19/2026 Customs Knowledge
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Aviation Industry Faces Profitability Crisis Amid Value Chain Imbalance

Aviation Industry Faces Profitability Crisis Amid Value Chain Imbalance

IATA and McKinsey research reveals an imbalanced profit distribution within the aviation value chain, with airline financial performance generally falling short of expectations, a situation exacerbated by the pandemic. The report emphasizes the need for stronger regulation of monopolistic suppliers and the promotion of collaboration in data sharing and decarbonization. These measures are crucial for achieving sustainable industry development and a fairer allocation of benefits across the entire value chain, ultimately improving the long-term viability and profitability of airlines.

01/19/2026 Logistics Industry Insights
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WCO Helps Togo Increase Revenue by Tightening Customs Controls

WCO Helps Togo Increase Revenue by Tightening Customs Controls

The World Customs Organization (WCO) completed a three-phase capacity building assistance program for Togo Customs, aimed at helping the Togolese Revenue Office (OTR) reclaim outsourced customs valuation functions and enhance its valuation capabilities. The program, through diagnostic assessments, expert training, and the establishment of an electronic database, helped Togo Customs close tax loopholes and increase fiscal revenue, providing stronger financial support for national development. The initiative strengthened Togo's ability to accurately assess customs duties and improve overall customs administration.

01/20/2026 Customs Knowledge
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Guide to Duty Refunds for Missing Goods in Global Trade

Guide to Duty Refunds for Missing Goods in Global Trade

The World Customs Organization recommends simplifying import duty and tax refund processes to prevent taxation on non-imported goods. This covers duty drawback and release of security, emphasizing timely declaration and sufficient proof. Members are urged to streamline procedures, make prompt decisions, and share information. This guide analyzes the recommendation, helping businesses understand the application process and reduce trade costs. The key is efficient documentation and adherence to established guidelines for successful claims and minimized financial burdens in international trade.

01/20/2026 Customs Knowledge
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Air Cargo Industry Focuses on Loss Prevention for 2026

Air Cargo Industry Focuses on Loss Prevention for 2026

The Air Cargo Claims and Loss Prevention Handbook (CCLPH) 2026 edition serves as a practical guide to air cargo claims. It compiles the latest laws, cases, and practical techniques to assist freight forwarders, airlines, insurance companies, legal professionals, and importers/exporters in efficiently handling claims, preventing losses, and understanding the rights and obligations of all parties involved. This handbook is designed to provide comprehensive knowledge and actionable strategies for navigating the complexities of air cargo claims and minimizing potential financial risks.

01/20/2026 Logistics Encyclopedia
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Saudi Riyal to Yuan Exchange Rates Stabilize Amid Trade Growth

Saudi Riyal to Yuan Exchange Rates Stabilize Amid Trade Growth

BigNumber Cross-border offers real-time and accurate Saudi Riyal to Chinese Yuan exchange rate conversion services, along with detailed exchange rate trend analysis and convenient currency conversion tools. We help you easily navigate cross-border payment challenges, reduce costs, and improve efficiency. Seize the best exchange opportunities to maximize profits and ensure your business runs smoothly in the global market. Our services empower you to make informed decisions and optimize your financial transactions when dealing with the Saudi Riyal.

01/20/2026 Exchange Rate Query
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YRC Freight Expands Nextday Delivery in South Central US

YRC Freight Expands Nextday Delivery in South Central US

YRC Freight enhances its network structure by expanding its regional next-day service in the South Central region and Waco, Texas, aiming to improve operational efficiency and service quality. This move is the latest in its enterprise network optimization strategy, designed to increase network density, reduce freight handling, and decrease empty miles. Despite facing financial challenges, YRC Freight's network optimization strategy is expected to provide long-term competitive advantages. The expansion focuses on streamlining operations and improving delivery times within key regional markets.

01/20/2026 Logistics
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Exim Bank Backs Ford Exports to Bolster US Supply Chain

Exim Bank Backs Ford Exports to Bolster US Supply Chain

The U.S. Export-Import Bank (Ex-Im) is providing a $250 million loan guarantee to Ford Motor Company, supporting $3.1 billion in export sales involving over 200,000 vehicles to Canada and Mexico. This initiative enhances Ford's competitiveness and stimulates the growth of U.S. domestic suppliers, creating jobs and boosting economic growth. Furthermore, it provides financial support for automotive supply chain development and offers insights into innovative financing models. The guarantee underscores the importance of export finance in supporting American manufacturing and global trade.

01/20/2026 Logistics Industry Insights
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Specialized Cargo Insurance Beats General Business Coverage

Specialized Cargo Insurance Beats General Business Coverage

While commercial insurance offers broad coverage, it often falls short in adequately protecting the freight transportation process. Freight insurance provides targeted protection against risks such as natural disasters, accidents, and theft. It can be customized to meet specific business needs and offers a more streamlined claims process. Choosing a reputable insurance company with suitable terms is crucial for providing comprehensive protection for goods in transit, allowing businesses to operate with peace of mind. It ensures financial security against potential losses during shipping.

01/20/2026 Logistics Encyclopedia
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Guide to Streamlining Food Logistics for Shanghai Trade Shows

Guide to Streamlining Food Logistics for Shanghai Trade Shows

This article focuses on the demand for full container load (FCL) sea freight of food within Shanghai, especially exhibition logistics for events like the Asian Logistics Exhibition in Shanghai. It emphasizes the importance of timeliness and safety. The recommendation is to plan in advance and select a reliable logistics service provider to ensure that food arrives at the exhibition site on time and safely. Proper planning and a trustworthy partner are crucial for successful food transportation to exhibitions.

08/21/2025 Logistics
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