US Trucking Industry to Handle 14B Tons by 2035

US Trucking Industry to Handle 14B Tons by 2035

The American Trucking Associations forecasts that truck freight volume will reach 13.99 billion tons by 2035, capturing 76.8% of the freight market share, with significant revenue growth. The report emphasizes the central role of trucking in the supply chain and provides crucial strategic insights for industry leaders and policymakers. This forecast highlights the continued dominance of trucking in the US freight landscape and underscores its importance to the national economy.

Aviation Fuel Costs Challenge Industrys Postpandemic Recovery

Aviation Fuel Costs Challenge Industrys Postpandemic Recovery

The COVID-19 pandemic has drastically reduced aviation fuel demand, leading to operational challenges for fuel infrastructure. To prevent cost increases from further burdening airlines, IATA urges fuel infrastructure providers to take several measures. These include cost reduction, dividend limitations, utilization of reserves, and negotiation of rent reductions. Active participation in national aid programs is also crucial. Collaboration among all stakeholders is essential to support the recovery of the aviation industry.

Iran Boosts Trade Efficiency with Wcobacked HS Code Reform

Iran Boosts Trade Efficiency with Wcobacked HS Code Reform

Iran, with the support of the World Customs Organization (WCO), held a national workshop focusing on the application and optimization of the Harmonized System (HS) Code. This initiative aims to enhance the professional skills of customs officials, optimize classification methods, and promote trade development. This will lead to faster customs clearance, lower trade costs, and clearer trade regulations for businesses, helping Iran play a greater role in the global trade arena.

Uzbekistan Streamlines Customs to Boost Trade Efficiency

Uzbekistan Streamlines Customs to Boost Trade Efficiency

The State Customs Committee (SCC) of Uzbekistan, with the support of the World Customs Organization (WCO), conducted a strategic planning workshop aimed at enhancing customs strategic planning and performance measurement capabilities to develop a comprehensive customs strategic plan. The workshop emphasized the importance of strategic maps and Key Performance Indicators (KPIs) to promote trade facilitation, enhance national competitiveness, increase tax revenues, and combat smuggling and violations, ultimately improving Uzbekistan's international image.