According to a UPS report, the overload situation in ocean freight has prompted shippers to turn to air freight to address shipping delays. With a surge in logistics demand, UPS has seen significant growth in international parcel volumes and revenues, as customers place a higher emphasis on timely deliveries. Choosing air freight is set to become a new trend in modern shipping.
The 2025 government work report emphasizes the improvement of the cross-border delivery logistics system and the construction of overseas warehouses to promote stable foreign trade development. It aims to enhance logistics timeliness, cost control, and supply chain stability, while also supporting the internationalization of cross-border e-commerce and Chinese brands, ultimately driving the formation of new models in foreign trade.
This report explores how e-commerce is driving the transformation of logistics and supply chains, particularly in the wake of the pandemic, which has led to a surge in demand for small parcel shipping and disrupted traditional delivery models. Additionally, the consolidation of large retailers and high return rates challenge companies' adaptability, necessitating the adoption of new strategies to address market changes.
UPS's second-quarter earnings report revealed a revenue drop to $21.2 billion, a 2.7% year-over-year decline, with a basic earnings per share of $1.55, falling short of expectations. Operating profit also decreased by 6.3%. Pressure on performance has been attributed to market conditions and a decrease in Amazon orders, prompting UPS to seek new growth opportunities to address these challenges.
This report presents the exchange rate of 500 Sri Lankan Rupees (LKR) to US Dollars (USD), specifically noting that 500 LKR can be exchanged for approximately 1.66 USD. It analyzes the current dynamics of the currency market and its impact on the economy. Keeping an eye on exchange rate fluctuations will aid individuals and businesses in making informed financial decisions.
This article focuses on common issues in the freight forwarding customs clearance process and provides practical solutions. It comprehensively analyzes freight forwarding practical skills to help you clear customs efficiently, covering packing list modification, bill of lading handling, ENS fee calculation, tally information confirmation, booking and dangerous goods precautions, inspection response, and the use of original bills of lading. It offers guidance on navigating the complexities of customs clearance and ensuring smooth and compliant import/export operations.
This article delves into common issues and corresponding strategies within the foreign trade consolidation process, including delayed customs release, cargo dampness, and inconsistent freight forwarder service quality. It emphasizes the importance of real-time vessel tracking, enhanced cargo inspection, and selecting reputable freight forwarders. The aim is to help foreign trade companies mitigate consolidation risks and ensure cargo safety. By addressing these key areas, businesses can minimize potential disruptions and protect their valuable shipments throughout the entire shipping process.
Shanghai Hoyo Logistics curates frequently asked questions in freight forwarding, offering professional answers and experience sharing to help foreign trade companies solve logistics challenges. The content covers bill of lading inquiries, locked container handling, customs inspection, destination port abbreviations, and more. Adhering to the principle of integrity, we provide efficient and reliable logistics services. We aim to empower businesses with the knowledge they need to navigate the complexities of international shipping and ensure smooth and successful import/export operations.
This paper provides detailed operational guidelines for common issues encountered in freight forwarding practice, including customs declaration, inspection, modification, and container return. It covers topics from tracking cargo arrival status and the customs clearance process to strategies for dealing with short-loading and customs inspections, as well as container return procedures under special circumstances. This aims to help freight forwarding professionals improve their business capabilities and mitigate risks. The guide offers practical advice to navigate these challenges effectively.
This paper delves into the operational modes and potential risks of grey operations in export trade, such as buying customs declarations, commercial inspection clearance, 'package container', 'package warehouse', and 'green channel'. It aims to help companies understand industry secrets, avoid risks, and achieve compliant operations. The analysis provides insights into these practices, highlighting the vulnerabilities and legal implications associated with them, ultimately advocating for ethical and transparent trade practices to mitigate potential financial and reputational damage.
