US Freight Spending Hits Record High Amid Economic Recovery

US Freight Spending Hits Record High Amid Economic Recovery

The Bank of America Freight Payment Index indicates substantial growth in both US freight spending and shipment volumes in Q3, signaling economic recovery. Freight spending experienced its largest increase in a decade, while shipment volumes saw a steady rise for the third consecutive quarter. Regional performance varied, with the Northeast showing the largest gains and the Southeast impacted by hurricanes. The report highlights positive signs of economic recovery, but also points to challenges facing the market. Overall, the data suggests a strengthening economy driven by increased freight activity.

01/28/2026 Logistics Industry Insights
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Global Air Freight Firms Face Rising Detention Fee Challenges

Global Air Freight Firms Face Rising Detention Fee Challenges

This article delves into the various fees incurred when international air freight shipments are not picked up on time, including storage demurrage, port demurrage, customs-related late fees, and long-term storage processing fees. It also analyzes regional variations in these charges. Furthermore, it provides cross-border e-commerce sellers with effective strategies to avoid late pickup fees, aiming to help them reduce operational costs and improve profitability. The analysis covers different types of charges and offers practical solutions for sellers.

01/15/2026 Logistics Encyclopedia
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UPS Streamlines Shipping Address Accuracy Policy

UPS Streamlines Shipping Address Accuracy Policy

UPS will implement a new policy starting July 9, 2025, prohibiting address changes after shipment. Ensuring accurate delivery becomes crucial. It is essential to confirm the correct address with the recipient to avoid unnecessary delays and losses.

09/16/2025 Logistics
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Key Customs Tips for DHL Express Shipments

Key Customs Tips for DHL Express Shipments

This article explores customs issues during the DHL express shipping process, analyzing seven common misconceptions and corresponding strategies to help businesses avoid economic losses and shipment delays due to improper customs clearance. Mastering this information facilitates smoother international logistics and ensures timely delivery of packages.

05/27/2025 Logistics Encyclopedia
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Guide to Avoiding Costly Shipping Delays and Port Fees

Guide to Avoiding Costly Shipping Delays and Port Fees

This article provides a detailed analysis of the definitions, causes, and avoidance strategies for demurrage fees and port charges in international shipping. It suggests optimizing shipment planning, enhancing progress monitoring, and implementing direct pick-up from the yard as effective measures to reduce hidden logistics costs.

06/10/2025 Logistics Encyclopedia
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Costeffective Shipping Guide for Large Items to Xinjiang

Costeffective Shipping Guide for Large Items to Xinjiang

This article provides cost-saving tips for shipping oversized cargo to Xinjiang. It covers strategies for selecting the right logistics company, preparing items for shipment, completing necessary documentation, and choosing the most economical shipping method. The aim is to help readers efficiently and affordably manage their oversized cargo logistics to Xinjiang.

12/30/2025 Logistics Encyclopedia
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