US Postal Service Reports Q3 Losses Despite Revenue Growth

US Postal Service Reports Q3 Losses Despite Revenue Growth

The USPS reported a slight revenue increase but a larger net loss in its third-quarter earnings. Declining mail volume and high operating costs are the primary drivers. To address these challenges, the USPS needs to expand into new business areas, improve its technology, and strengthen partnerships. The company is facing pressure to adapt to changing consumer habits and modernize its infrastructure to ensure long-term financial stability. Business transformation is crucial for the USPS to remain competitive and meet the evolving needs of its customers.

01/08/2026 Logistics Industry Insights
Read More
Gambia Revenue Authority Boosts HR Strategy with WCO Aid

Gambia Revenue Authority Boosts HR Strategy with WCO Aid

With Sida's funding, the WCO, through the WACAM project, is assisting the Gambia Revenue Authority in enhancing its human resource management capabilities and optimizing recruitment processes. This initiative aims to strengthen the GRA's operational efficiency by improving its ability to attract, retain, and develop qualified personnel. The project focuses on modernizing HR practices and aligning them with international standards to support the GRA's mandate in revenue collection and border security. Ultimately, this contributes to Gambia's economic development by fostering a more effective and transparent customs administration.

01/26/2026 Customs Knowledge
Read More
Albania Enhances Customs Lab with GCMS to Boost Revenue

Albania Enhances Customs Lab with GCMS to Boost Revenue

The World Customs Organization (WCO) supports the upgrade of the Albanian Customs Laboratory by introducing Gas Chromatography-Mass Spectrometry (GC/MS) technology. This enables precise analysis of solvents and chemicals, improving tariff collection efficiency. Through international cooperation and technological advancements, Albanian Customs is committed to combating smuggling and maintaining a fair trade order, building a robust national border defense.

01/26/2026 Customs Knowledge
Read More
China Customs Advances Global Trade Via WCO Revenue Plan

China Customs Advances Global Trade Via WCO Revenue Plan

China Customs actively participates in the World Customs Organization's Revenue Package Programme, sharing its experience in valuation control to provide a reference for customs administrations in developing countries. Through measures such as risk management, information sharing, technology application, and capacity building, the valuation control system of China Customs contributes to the healthy development of global trade. This involvement showcases China's commitment to trade facilitation and its willingness to assist other nations in improving their customs valuation practices.

01/26/2026 Customs Knowledge
Read More
Petty Group Revenue Up Profits Down Amid Rising Costs

Petty Group Revenue Up Profits Down Amid Rising Costs

PeiTi's Q3 report shows revenue growth but a significant decline in net profit. Key reasons include rising raw material prices, increased marketing investments, equity incentive expenses, and reduced government subsidies. Negative operating cash flow and increases in accounts receivable, prepayments, and inventory are also noteworthy. The company needs to reflect on its growth model and focus on improving profitability.

02/11/2026 Logistics Industry Insights
Read More
Evergreen Marine Revenue Tops 1B Amid Soaring Shipping Rates

Evergreen Marine Revenue Tops 1B Amid Soaring Shipping Rates

Evergreen Marine's Q3 revenue exceeded NT$100 billion for the first time, reaching a record high, driven by persistently high container freight rates and increased capacity. Analysts suggest that factors such as restocking demand in Europe and the US, low container turnover rates, increased proportion of European routes, and long-term contract protection are expected to support Evergreen Marine's operational performance in 2022. The strong performance reflects the continued strength of the shipping market despite global economic uncertainties.

02/11/2026 Logistics
Read More
Sierra Leone Adopts Competencybased HR System for Revenue Authority

Sierra Leone Adopts Competencybased HR System for Revenue Authority

With WCO assistance, the Sierra Leone National Revenue Authority implemented HR reforms based on a competency model. This initiative aims to optimize recruitment, training, and performance management processes. By focusing on clearly defined competencies, the reform seeks to enhance organizational effectiveness and improve the overall performance of the revenue authority. The competency model serves as a framework for developing and evaluating employees, ensuring that they possess the necessary skills and knowledge to effectively perform their duties. Ultimately, this leads to improved revenue collection and a more efficient tax system.

01/20/2026 Customs Knowledge
Read More
IBM Digital Transformation to Shift 465B in Trucking Revenue

IBM Digital Transformation to Shift 465B in Trucking Revenue

IBM's latest study, "Truck 2030," reveals the profound impact of digital transformation on the trucking industry. The report forecasts a shift of $465 billion in revenue from sales to services by 2030, with 64% of businesses considering digital reinvention crucial. Data insights, platform strategies, and intelligent automation will drive industry change. Companies need to actively embrace digitalization to succeed in the future. The study highlights the importance of adapting to the evolving landscape and leveraging technology for competitive advantage.

01/21/2026 Logistics Industry Insights
Read More
Mauritius Revenue Authority Boosts Leadership Skills Via WCO Partnership

Mauritius Revenue Authority Boosts Leadership Skills Via WCO Partnership

The WCO, with funding from India, conducted a leadership workshop for the Mauritius Revenue Authority (MRA). The workshop aimed to enhance management skills, optimize leadership culture, and promote talent development, ultimately contributing to customs modernization. This initiative focused on building leadership capabilities within the MRA, enabling them to effectively manage their operations and drive improvements in customs processes. The training covered key aspects of leadership, fostering a more effective and forward-thinking approach to customs administration in Mauritius.

02/12/2026 Customs Knowledge
Read More
Gambia Revenue Authority Pioneers Customs Modernization in West Africa

Gambia Revenue Authority Pioneers Customs Modernization in West Africa

Supported by the Swedish-funded WACAM project, The Gambia Revenue Authority (GRA) is pioneering the WCO-promoted competency-based HRM model in West and Central Africa. By reviewing key HRM tools and strengthening institutional capacity, GRA aims to become a regional benchmark, leading industry development and providing valuable experience and lessons for other customs agencies. This initiative represents a significant step towards modernized customs administration and enhanced talent management within the region, potentially setting a new standard for customs operations.

02/12/2026 Customs Knowledge
Read More