New UN Tool Targets Global Plastic Waste by 2028

New UN Tool Targets Global Plastic Waste by 2028

To more effectively manage the growing global plastic waste pollution problem, the World Customs Organization (WCO) will implement a new version of the Harmonized System (HS) in 2028. This revision introduces more specific subheadings for plastic waste, providing customs authorities and businesses worldwide with more precise tools for regulation and compliance. This enhancement aims to better implement the requirements of the Basel Convention, combat illegal plastic waste trafficking, and ultimately protect the global environment. The refined HS codes will enable improved monitoring and control of plastic waste movement across borders.

01/30/2026 HS Code Query
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Minnesota Train Derailment Sparks Rail Safety Concerns After Ethanol Spill

Minnesota Train Derailment Sparks Rail Safety Concerns After Ethanol Spill

A train derailment in Minnesota, with an ethanol leak causing a fire, has reignited concerns about railway safety despite no reported injuries. The incident prompted the state government to introduce new safety legislation and call for increased railway regulation and safety investments. Drawing parallels with a recent similar accident in Ohio, the event highlights underlying issues of cost control and regulatory gaps within the railway industry. Rebuilding trust in railway safety remains a significant challenge. The incident underscores the need for stricter oversight and proactive measures to prevent future occurrences.

01/30/2026 Logistics
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WTO Boosts Trade Transparency to Ease Global Commerce

WTO Boosts Trade Transparency to Ease Global Commerce

The revised WTO document TN/TF/W/8/Corr.1 emphasizes members' obligations regarding information transparency, aiming to build a fairer and more efficient global trade environment. The revisions primarily concern the detailed disclosure of pre-shipment inspection activities and the publication of trade regulation summaries with transitional arrangements. These measures are designed to enhance trade transparency, reduce trade barriers, and promote the healthy development of global trade. The updates underscore the importance of readily available information for businesses and governments alike, fostering predictability and reducing opportunities for corruption.

02/05/2026 Customs Knowledge
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US Regulators Warn of AI Financial Risks

US Regulators Warn of AI Financial Risks

The Financial Stability Oversight Council (FSOC) has identified artificial intelligence as a potential risk to the U.S. financial system for the first time. While acknowledging AI's potential to enhance efficiency, the FSOC report highlights concerns about cybersecurity and model risk. It emphasizes the need for close monitoring of AI development, enhanced regulatory expertise, and prevention of potential risks such as algorithmic bias and over-reliance. The report calls for strengthened regulation and cooperation to ensure that AI applications in finance adhere to ethical and legal standards, mitigating potential systemic vulnerabilities.

02/12/2026 Logistics Industry Insights
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VLCC Market Investment Opportunities Analyzed

VLCC Market Investment Opportunities Analyzed

Drewry's independent analysis of the VLCC market provides investors with essential market insights, including supply and demand conditions, market dynamics, and future trends, helping clients better assess investment opportunities in the shipping sector.

08/06/2025 Logistics
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USDJPY Hits 14771 Amid Market Volatility

USDJPY Hits 14771 Amid Market Volatility

Currently, 100 US dollars can be exchanged for 14,770.83 Japanese yen, and fluctuations in the exchange rate have once again attracted market attention. Analyzing recent changes in the exchange rate can help investors capitalize on investment opportunities in the Japanese market.

08/09/2025 Exchange Rate Query
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Chinese Retailers Target US Market Expansion

Chinese Retailers Target US Market Expansion

This article provides a comprehensive guide for Chinese merchants looking to join Target's marketplace in the US. It covers essential prerequisites such as business qualifications, product compliance, and brand market preparation. Furthermore, it details the specific application process, including key steps and important considerations. This guide aims to help Chinese businesses successfully expand into the American market through Target's platform.

12/30/2025 Logistics Encyclopedia
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Coupang Dominates South Koreas Ecommerce Market

Coupang Dominates South Koreas Ecommerce Market

Coupang, a leading e-commerce platform in South Korea, has rapidly grown thanks to innovative services like "Rocket Delivery." In 2021, its revenue reached $18.4 billion with over 17.94 million active users. Coupang is building a comprehensive platform through diversified business ventures, and its recent stock surge reflects market confidence in its future. Despite competition and profitability challenges, Coupang possesses significant growth potential within the South Korean e-commerce market.

01/04/2026 Logistics Industry Insights
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