Recently, container freight rates from China to the US have dropped by over 50%. This decline in freight costs reveals potential inflation risks and a shift in demand from US importers. Future market dynamics may be influenced by changes in tariff policies.
This article explores the historical evolution of the 'last-mile delivery' model, its decline, and its potential resurgence in emerging sectors of fresh food and cold chain logistics. It emphasizes new opportunities and innovative pathways for this model outside of traditional e-commerce.
The World Customs Organization (WCO) assessed Sierra Leone Customs' valuation capabilities to support its WTO commitments and enhance trade facilitation and revenue management. This assessment aims to identify areas for improvement and provide targeted capacity building initiatives. By strengthening customs valuation procedures, Sierra Leone can ensure accurate revenue collection, streamline trade processes, and promote a more transparent and efficient trading environment. The WCO's support is crucial for Sierra Leone to effectively implement its WTO obligations and achieve sustainable economic growth through improved trade practices.
In June, global air freight spot prices continued to decline, with demand surpassing supply for the first time. Country-specific tariff policies have caused market unrest, indicating that the air cargo industry will face more severe challenges in the second half of the year.
As of August 8, 2025, the exchange rate of the Pakistani Rupee against the US Dollar stands at 0.00352706, showing an overall decline of 1.68%. Recent fluctuations reflect the complex challenges and opportunities within the Pakistani economy, indicating that investors should closely monitor market changes.
The WCO is assisting the Malawi Revenue Authority in enhancing its intelligence capabilities to combat illegal wildlife trade. This support includes providing expert assistance and training to strengthen the implementation of the CITES convention. The initiative aims to build a global enforcement network to effectively address wildlife trafficking. By improving intelligence gathering and analysis, the Malawi Revenue Authority will be better equipped to identify and intercept shipments of illegal wildlife products, contributing to the protection of endangered species and the disruption of criminal networks involved in this illicit trade.
The WCO collaborated with the Ghana Revenue Authority to conduct a leadership workshop aimed at enhancing customs management capabilities and promoting modernization. This initiative supports the ongoing efforts to strengthen customs operations in Ghana. The World Bank provides funding to support customs capacity building in Africa, contributing to improved trade facilitation and revenue collection. The workshop focused on developing leadership skills among customs officials, enabling them to effectively manage teams and implement modern customs practices. The ultimate goal is to create a more efficient and effective customs administration in Ghana.
UPS's Q3 revenue declined, but earnings per share exceeded expectations. The company is addressing challenges through pricing strategies, optimizing its e-commerce structure, and reducing operating costs. Its future outlook hinges on the success of its transformation efforts. While revenue faced headwinds, the focus on efficiency and strategic adjustments allowed UPS to deliver better-than-anticipated profitability. The company remains committed to adapting to the evolving market landscape and leveraging its global network to drive long-term growth. The effectiveness of these measures will be crucial in navigating the current economic climate.
USPS Q2 financial report shows narrowed losses and increased revenue, with Ground Advantage service performing strongly. Despite macroeconomic and regulatory challenges, USPS is actively transforming through the "Delivering for America" plan, optimizing operations and improving efficiency to achieve financial sustainability. The improved performance of Ground Advantage is a key factor in the revenue growth. The transformation plan aims to modernize the postal service and enhance its long-term viability in a changing market landscape. USPS continues to focus on cost reduction and service improvements to achieve its goals.
The new feature launched by cargo.one in collaboration with Descartes integrates the air cargo booking process, enhancing the efficiency and service quality of freight forwarders. It simplifies data processing and promotes revenue growth.
