Goldman Sachs Warns Tariffs on Canada Mexico May Fuel US Inflation

Goldman Sachs Warns Tariffs on Canada Mexico May Fuel US Inflation

Goldman Sachs forecasts that US core CPI could rise by 0.6% if the US imposes tariffs on imports from Canada and Mexico. The report suggests the duration of these tariff policies is uncertain but unlikely to become a long-term feature. Existing inflationary pressures in the US persist, and the new tariff policies may exacerbate inflation. The impact depends on the scope and longevity of the tariffs, but Goldman Sachs believes the effect will be noticeable in the short term.

11/03/2025 Logistics
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Full Analysis: Background, Significance, and Charging Standards of LSS Low Sulfur Surcharge

Full Analysis: Background, Significance, and Charging Standards of LSS Low Sulfur Surcharge

The LSS (Low Sulfur Surcharge) was introduced in 2015 due to international environmental regulations mandating vessels to reduce emissions in specific areas. The increased cost of using low sulfur fuel has led shipping companies to implement this new fee. Different freight forwarders may quote LSS fees differently, so shippers should clarify this when requesting quotes. Additionally, the LSS surcharge is generally considered part of the ocean freight costs, with varying responsibilities for shippers depending on the terms of the contract.

07/21/2025 Logistics
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Nippon Express Launches Europe-China Rail Freight Service

Nippon Express Launches Europe-China Rail Freight Service

Japan Transport is set to launch a China-Europe railway freight service aimed at facilitating the flow of goods between Europe and China. This new option for transporting small amounts of cargo offers a transit time of 18-21 days at only one-third the cost of air freight, catering to demands for quicker deliveries without urgency. Furthermore, Japan Transport plans to primarily target Japanese companies, providing them with more efficient logistics solutions for their operations in both China and Europe.

07/28/2025 Logistics
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Shared Logistics Revolutionizes Last-Mile Delivery Amid E-Commerce Boom

Shared Logistics Revolutionizes Last-Mile Delivery Amid E-Commerce Boom

This article explores the significance of shared last-mile logistics in the new retail era, highlighting the shortcomings of traditional logistics models and the urgent demand for efficient and inclusive end services. With the surge in package volumes, shared logistics is seen as key to enhancing last-mile efficiency, while the rise of smart logistics will accelerate resource integration and service innovation, injecting vitality into the industry. The upcoming 72-hour international logistics service signals further developments in this trend.

07/28/2025 Logistics
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China Tightens Customs Rules to Curb Personal Shopping Proxies

China Tightens Customs Rules to Curb Personal Shopping Proxies

Starting June 1, China Customs has implemented new regulations for incoming travelers' luggage, prohibiting the release of five categories of imported goods to curb personal purchasing. Travelers must ensure their personal items from abroad fall within a 'reasonable quantity for personal use'; any excess will be temporarily held and subject to customs procedures. The tax exemption policy outlines specific restrictions for cigarettes, discs, and electronic products, which require special attention to compliance. Failure to adhere to these rules may result in customs intervention.

07/29/2025 Logistics
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Incheon Airport Rises As Global Hub with Data Analytics

Incheon Airport Rises As Global Hub with Data Analytics

Incheon International Airport leverages OAG Analyzer for data analysis, optimizing route development and transfer efficiency, solidifying its position as a regional hub. Features like 'virtual flights' enable the airport team to simulate new routes, assess their impact on transfer convenience, and improve decision-making quality and operational efficiency. This case demonstrates the importance of data-driven decision-making in modern airport operations. The analysis helps the airport to strategically plan and adapt to changing market demands, ensuring continued growth and competitiveness.

12/29/2025 Airport Codes
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WCO Seeks to Streamline Global Trade Classification Standards

WCO Seeks to Streamline Global Trade Classification Standards

The World Customs Organization's midterm report affirms the HS's central role and recommends improvements to its usability and functionality to address evolving trade patterns. The report encourages active participation from all parties in the assessment process. The focus is on ensuring the Harmonized System remains a relevant and effective tool for international trade classification and customs procedures in a rapidly changing global landscape. This will involve streamlining processes and adapting to new technologies to enhance its overall effectiveness and accessibility.

01/05/2026 Customs Knowledge
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WCO Revises Trade Rules to Enhance WTO Pact Compliance

WCO Revises Trade Rules to Enhance WTO Pact Compliance

The World Customs Organization (WCO) has updated its 'Implementation Guidance on Trade Facilitation,' integrating the latest tools and member practices to enhance the implementation of the WTO's Trade Facilitation Agreement (TFA). The new guidance covers areas such as transparency, customs-business cooperation, advance rulings, Authorized Economic Operator (AEO), border management, single window, customs brokers, transit, Globally Networked Customs, and National Trade Facilitation Committees. It provides more practical and comprehensive guidance for global trade facilitation, aiming to streamline processes and reduce trade costs.

01/05/2026 Customs Knowledge
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WCO Tool Aids Jordan Customs in Modernization Efforts

WCO Tool Aids Jordan Customs in Modernization Efforts

At the invitation of Jordan Customs, the WCO utilized the Japan Fund to pilot a new risk management tool. The initiative aimed to assess Jordan Customs' capabilities in risk management, provide recommendations for improvement, and ultimately contribute to the modernization of Jordan Customs. This pilot project focused on leveraging WCO tools and best practices to enhance risk assessment and mitigation strategies within Jordanian customs operations. The goal was to strengthen border security and facilitate legitimate trade through improved risk management practices.

01/05/2026 Customs Knowledge
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Ukraine Boosts Customs Expertise with HS System Lab Partnerships

Ukraine Boosts Customs Expertise with HS System Lab Partnerships

The World Customs Organization held a national workshop in Ukraine on the HS Nomenclature and the role of Customs Laboratories. The workshop aimed to enhance Ukraine's customs commodity classification capabilities, emphasizing the importance of Customs Laboratories in this process. It also fostered international cooperation and exchange, injecting new impetus into the modernization of Ukrainian customs. The event highlighted the crucial role of accurate classification in trade facilitation and revenue collection, underscoring the need for well-equipped and skilled Customs Laboratories.

01/05/2026 Customs Knowledge
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