Bank of America Index Shows High Costs Low Volumes in US Logistics

Bank of America Index Shows High Costs Low Volumes in US Logistics

The Bank of America Freight Payment Index indicates a decrease in freight volumes during the fourth quarter, while freight spending reached a record high. Driver shortages, rising fuel prices, and ongoing supply chain challenges are key contributing factors. Regional performance varied, with the Western region experiencing the largest increase in spending. To navigate these challenges, businesses need to optimize their supply chains, strengthen collaboration, diversify transportation options, and embrace digital transformation. These strategies are crucial for mitigating the impact of rising costs and ensuring efficient freight operations in the current economic climate.

01/21/2026 Logistics Industry Insights
Read More
ONE Launches Vietnamchina VCX Shipping Service

ONE Launches Vietnamchina VCX Shipping Service

ONE has launched a new service called 'Vietnam China Express (VCX)', offering weekly flights that provide an efficient logistics experience, reducing the transit time from Ho Chi Minh City to Nansha to just 5 days. This service aims to meet customer demands while optimizing transportation speed and service quality.

02/21/2025 Logistics
Read More
Bokpyin Airport Development Advances in Myanmar

Bokpyin Airport Development Advances in Myanmar

Bokepyin Airport, located in Bokepyin, Myanmar, is a small airport that is gaining attention for its strategic location and potential. Currently, there are no user reviews available, and the airport's development requires improvements in infrastructure and an increase in flight services to attract more passengers.

08/08/2025 Airport Codes
Read More
Americas Caribbean Customs Agencies Push Gender Equality at Forum

Americas Caribbean Customs Agencies Push Gender Equality at Forum

The Americas and Caribbean Customs Virtual Forum focused on gender equality and diversity, bringing together representatives from 24 countries. They shared experiences, discussed challenges, and launched the Spanish version of the WCO Gender Equality Organizational Assessment Tool (GEOAT). The forum aims to promote progress in gender equality within customs administrations and integrate it into the customs agenda. This initiative lays the foundation for building a more equitable and inclusive customs environment across the region.

01/05/2026 Customs Knowledge
Read More
Duie Pyle Opens New Logistics Hub in Hagerstown Maryland

Duie Pyle Opens New Logistics Hub in Hagerstown Maryland

A. Duie Pyle has launched an integrated logistics center in Hagerstown, enhancing its service capabilities in the Northeast. This expansion addresses the growing demands of e-commerce and provides customers with faster and more reliable supply chain solutions. The new facility will streamline operations and improve efficiency, allowing A. Duie Pyle to better serve its customers in the region and further solidify its position as a leading provider of integrated logistics services.

01/08/2026 Logistics
Read More