SMC Acquires Transportation Costing Group to Expand Trucking Services

SMC Acquires Transportation Costing Group to Expand Trucking Services

SMC³'s acquisition of TCG expands its reach into the truckload sector. TCG's cost accounting software will enhance SMC³'s pricing and cost control capabilities, ultimately improving profitability and operational efficiency for its customers. This strategic move allows SMC³ to offer a more comprehensive suite of solutions for transportation management, strengthening its position in the logistics technology market. The acquisition leverages TCG's expertise to optimize cost analysis and provide more accurate pricing models within the SMC³ platform.

01/26/2026 Logistics
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Global Economic Growth Slows Amid Rising Uncertainty

Global Economic Growth Slows Amid Rising Uncertainty

The global economy faces multiple challenges, including trade frictions, declining demand, and government shutdowns. Key indicators such as consumer confidence and retail sales show weakness, leading international institutions to lower growth forecasts. Businesses need to strengthen risk management, and governments should implement proactive policies to address the downside risks. A cautious but optimistic approach is necessary to navigate the current economic climate. Monitoring key indicators and adapting strategies will be crucial for sustained growth and stability.

01/26/2026 Logistics Industry Insights
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Logistics Firms Turn to Outsourced Transport for Cost Savings

Logistics Firms Turn to Outsourced Transport for Cost Savings

Outsourced transportation management is a strategic decision where companies partner with specialized third-party logistics providers to reduce transportation costs, improve fleet efficiency, enhance customer service, and increase on-time delivery rates. Successful implementation requires clearly defining needs, evaluating potential suppliers, establishing robust agreements, building effective communication channels, and continuously optimizing processes. This approach allows businesses to focus on their core competencies while leveraging the expertise of logistics professionals to streamline their supply chain and achieve significant cost savings.

01/26/2026 Logistics Industry Insights
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Workforce Visibility Cuts Logistics Costs Boosts Efficiency

Workforce Visibility Cuts Logistics Costs Boosts Efficiency

Logistics companies face workforce challenges, making workforce visibility crucial. Optimizing workforce allocation, improving efficiency, reducing costs, and enhancing employee satisfaction are key to helping companies reduce costs and increase efficiency. Effective workforce management strategies enable better resource allocation, streamlined processes, and improved employee engagement, ultimately leading to significant cost savings and enhanced operational performance within the logistics sector. Addressing these challenges allows for a more agile and responsive workforce, capable of adapting to fluctuating demands and market conditions.

01/26/2026 Logistics Industry Insights
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Albania Joins Kyoto Convention to Enhance Trade

Albania Joins Kyoto Convention to Enhance Trade

Albania's accession to the Revised Kyoto Convention brings the number of contracting parties to 86, further promoting global trade facilitation. The Convention aims to reduce trade costs and improve customs clearance efficiency by simplifying customs procedures, applying information technology, implementing risk management, and strengthening international cooperation. This provides new impetus for global economic development. The revised Kyoto Convention is a key instrument for harmonizing and simplifying customs procedures worldwide, contributing to a more efficient and predictable international trade environment.

01/26/2026 Customs Knowledge
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Yiwu to Australia Comparing Sea and Air Freight Costs

Yiwu to Australia Comparing Sea and Air Freight Costs

This article provides a detailed analysis of sea and air freight processes from Yiwu to Australia, covering key steps such as booking, preparing goods, customs declaration, transportation, customs clearance, and delivery. It also addresses the choice between sea and air freight, cost components, and common issues related to reducing transportation costs. This serves as a comprehensive reference guide for readers involved in import/export activities between Yiwu and Australia, offering practical insights and solutions for efficient logistics management.

01/26/2026 Logistics
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Amazon US Enhances Logistics Transparency with Freight Tracking

Amazon US Enhances Logistics Transparency with Freight Tracking

This article provides a detailed interpretation of the application of freight forwarder tracking codes for Amazon US sellers, including how to query, identify the tracking code format, understand its value, and important usage considerations. It emphasizes the crucial role of tracking codes in enhancing logistics transparency, optimizing operational efficiency, and improving customer satisfaction. The article also offers practical operational advice for sellers to effectively utilize these tracking codes for better supply chain management and improved business performance.

01/26/2026 Logistics Encyclopedia
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WCO Aids Cte Divoire in Customs Reform

WCO Aids Cte Divoire in Customs Reform

The World Customs Organization (WCO) is assisting the Ivorian General Directorate of Customs (DGD) in enhancing its customs valuation and commodity classification capabilities. An expert team conducted a diagnostic assessment in Côte d'Ivoire, engaging with customs officials and the private sector to propose improvements. Recommendations include strengthening personnel training, refining regulations, upgrading IT infrastructure, and fostering international cooperation. The aim is to establish an efficient and transparent customs management system, promoting economic development and trade facilitation in Côte d'Ivoire.

01/26/2026 Customs Knowledge
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Report Highlights Global Customs Efficiency Best Practices

Report Highlights Global Customs Efficiency Best Practices

The World Customs Organization and the International Monetary Fund jointly released the first phase report of the International Survey on Customs Administration (ISOCA), compiling data from 51 customs administrations to analyze performance, practices, and structures. The report provides benchmarks, facilitates experience sharing, promotes data-driven decision-making, and supports customs capacity building, offering significant value for global customs management. It serves as a valuable resource for understanding current trends and identifying areas for improvement in customs operations worldwide.

01/26/2026 Customs Knowledge
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Turkeys Customs Reforms Boost Postpandemic Supply Chain Resilience

Turkeys Customs Reforms Boost Postpandemic Supply Chain Resilience

Turkish Customs and businesses are strengthening cooperation to address the impact of the pandemic on global supply chains. Guided by the World Customs Organization and leveraging Turkey's strategic location, they are committed to modernizing customs reforms and facilitating trade. This includes deepening cooperation in information sharing and risk management to enhance supply chain resilience and promote economic recovery. The initiative aims to contribute to global trade development by fostering collaboration and efficiency within the Turkish customs system.

01/26/2026 Customs Knowledge
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