US Service Sector Hits Near Decadehigh Boosting Economy

US Service Sector Hits Near Decadehigh Boosting Economy

The US ISM Non-Manufacturing Index (NMI) surged to 56.3 in May, hitting a nearly decade-high and significantly exceeding the expansion threshold, signaling robust growth in the non-manufacturing sector. This marks the 52nd consecutive month of expansion, driven by factors including business activity, new orders, and employment indices. The strong NMI suggests a positive outlook for the US economy. However, continued monitoring of global economic risks remains crucial.

01/28/2026 Logistics Industry Insights
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Trucking Industry to Lead Freight Market Until 2035 Amid Tech Boom

Trucking Industry to Lead Freight Market Until 2035 Amid Tech Boom

The American Trucking Associations' (ATA) 'Freight Transportation Forecast 2024-2035' predicts that trucking will continue to dominate the freight market, projecting nearly 14 billion tons of freight and $1.46 trillion in revenue by 2035. The report highlights key trends including technological innovation, sustainability, talent shortages, and digital transformation. It also emphasizes the crucial role of trucking within the supply chain and its continued significance in the American economy.

01/08/2026 Logistics Industry Insights
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US Forms Supply Chain Council to Boost Resilience

US Forms Supply Chain Council to Boost Resilience

To address supply chain challenges, the United States established the 'Supply Chain Council.' Its aim is to reshape the resilience and competitiveness of the American supply chain and ensure economic stability, with three primary goals: protecting jobs, investing in infrastructure, and mitigating risks. The council seeks to achieve this by uniting various stakeholders, including businesses and labor, to fortify American supply chains against vulnerabilities and promote long-term growth.

01/30/2026 Logistics Industry Insights
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Effectively Addressing Logistics Challenges During The Latin American Harvest Season To Ensure Fresh Products Reach The World

Effectively Addressing Logistics Challenges During The Latin American Harvest Season To Ensure Fresh Products Reach The World

During the harvest season in Latin America, there is a surge in transportation demand, making cold chain logistics crucial. Enhancing supply chain coordination through technology is key to strengthening market competitiveness. In the face of capacity pressures, companies must take effective measures to ensure the timely delivery of fresh products.

07/23/2025 Logistics
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Amazon Sellers Adapt FBA Strategies Amid Black Friday Demand

Amazon Sellers Adapt FBA Strategies Amid Black Friday Demand

Amazon FBA storage is reaching capacity, posing overage fee risks for sellers as Black Friday approaches. Amazon's promotion of increased storage and satellite warehouse services is essentially a disguised price increase. Sellers need to analyze the situation carefully, weigh the pros and cons, and choose the optimal storage expansion solution to minimize losses and navigate market challenges. They should evaluate if the cost of expansion outweighs the potential loss from overage fees and lost sales.

12/29/2025 Logistics
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Fedex Adjusts Strategy As Demand Slows Competition Grows

Fedex Adjusts Strategy As Demand Slows Competition Grows

Facing weak air cargo demand and intensified competition, FedEx announced capacity reductions, fleet optimization, and cost control measures. Losing the Amazon business presents challenges but also motivates active expansion into new ventures. The company will offer seven-day delivery services to address e-commerce growth. Going forward, digital transformation, service innovation, and expansion into emerging markets will be key to maintaining competitiveness. The strategic adjustments aim to improve efficiency and profitability in a dynamic market.

01/29/2026 Logistics
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CEVA Logistics Opens New Panama Logistics Park

CEVA Logistics Opens New Panama Logistics Park

CEVA Logistics has announced the expansion of its operations in Panama City with a new logistics park, tripling its previous footprint. The facility is equipped with advanced logistics technology and equipment, designed to provide customers with more efficient and reliable logistics services and support their global business growth. This expansion demonstrates CEVA Logistics' confidence in the Panama market and its plans to continue investing in the region to meet the growing logistics demand.

01/28/2026 Logistics
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Latin America Streamlines Customs Rulings to Boost Trade

Latin America Streamlines Customs Rulings to Boost Trade

Nineteen Latin American countries gathered to discuss the optimization and implementation of the Customs Advance Ruling (AR) mechanism. The seminar aimed to foster regional cooperation, share best practices, and refine relevant policies and regulations to build a more efficient, transparent, and predictable trade environment. This initiative helps businesses reduce trade risks, improve customs clearance efficiency, and optimize cost control, ultimately promoting economic development and global trade prosperity in the Latin American region.

12/30/2025 Customs Knowledge
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