Rotterdam Port Cargo Dips As Europes Trade Competitiveness Wanes

Rotterdam Port Cargo Dips As Europes Trade Competitiveness Wanes

In the first half of 2025, cargo volume at the Port of Rotterdam decreased by 4.1%, with significant declines in both dry bulk and liquid bulk shipments. Although there was a slight increase in bulk throughput and a 2.7% growth in container transport, overall competitiveness remains under severe pressure. The port authority expressed concerns about low investment levels, highlighting the importance of revitalizing trade vitality for the future.

07/24/2025 Logistics
Read More
Guide to Vatican City SWIFT Codes for International Transfers

Guide to Vatican City SWIFT Codes for International Transfers

This article provides a detailed guide to the importance, lookup methods, usage steps, and frequently asked questions regarding the Vatican's SWIFT/BIC code, aiming to help readers conduct cross-border remittances safely and efficiently. It also offers more economical remittance options and addresses common concerns, ensuring readers gain a comprehensive understanding of the subject. The guide covers practical aspects of using the SWIFT code for international money transfers to and from the Vatican, highlighting potential challenges and solutions.

09/02/2025 International Settlement
Read More
Banco Santander Totta Simplifies SWIFT Codes for Global Transfers

Banco Santander Totta Simplifies SWIFT Codes for Global Transfers

This article analyzes the SWIFT code system of Santander Totta Bank in Portugal, providing a guide to cross-border transfers. It focuses on the TOTAPTPLXXX code, answering frequently asked questions to help you conduct international remittances safely and efficiently. It aims to clarify the structure and purpose of the SWIFT code for Santander Totta, enabling users to understand how to use it for international transactions and address any concerns related to sending or receiving money through this bank.

09/01/2025 International Settlement
Read More
US Freight Decline Points to Economic Slowdown

US Freight Decline Points to Economic Slowdown

The Cass Freight Index indicates a decline in both U.S. freight volumes and expenditures in August, signaling a potential economic slowdown. Freight volumes decreased by 9.3% year-over-year and 1.5% month-over-month. Freight expenditures fell by 0.4% year-over-year and 2.8% month-over-month. This data reflects weakening consumer demand and corporate inventory adjustments, raising concerns about future economic trends. The index serves as a warning sign, suggesting a possible deceleration in economic activity.

11/03/2025 Logistics
Read More
Freight Forwarding Basics Tips for Beginners

Freight Forwarding Basics Tips for Beginners

This article focuses on the activities of Katherine, a new freight forwarder, on the Jiyun Baodian forum. It analyzes her concerns regarding 'AMS filing time for FCL booking' and 'abnormal cargo entry into the warehouse'. The article provides suggestions for new freight forwarders, such as active learning, effective communication, and meticulous attention to detail, aiming to help them adapt to the freight forwarding industry more quickly. It highlights common issues faced by newcomers and offers practical advice for navigating these challenges.

08/22/2025 Logistics Encyclopedia
Read More
Sumitomo Mitsui Trust Bank SWIFT Code Simplifies Global Transfers

Sumitomo Mitsui Trust Bank SWIFT Code Simplifies Global Transfers

This article provides a detailed analysis of Sumitomo Mitsui Trust Bank's SWIFT codes, highlighting their importance in cross-border remittances. It not only offers the bank's primary SWIFT code but also lists codes for some of its branches. Furthermore, it addresses frequently asked questions, aiming to assist readers in successfully completing international money transfers. The information is intended to streamline the process of sending money internationally via Sumitomo Mitsui Trust Bank by providing necessary SWIFT/BIC codes and clarifying common concerns.

09/03/2025 International Settlement
Read More
Yiwu Toy Makers Rebound As US Retailers Revive Orders

Yiwu Toy Makers Rebound As US Retailers Revive Orders

Good news for Yiwu toy exporters: Walmart and Target are resuming supplies and absorbing the increased tariff costs. This decision stems from multiple factors, including supply chain stability concerns, the failure to pass on costs, and intense market competition. While uncertainties remain, this development brings a ray of hope to the Yiwu toy industry. The restoration of supply contracts and cost absorption by major retailers like Walmart and Target provides crucial support for Yiwu's toy manufacturers facing international trade challenges.

11/03/2025 Customs Knowledge
Read More
East Coast Port Strike Averted with New Labor Deal

East Coast Port Strike Averted with New Labor Deal

The East Coast port strike has ended as the International Longshoremen's Association and the United States Maritime Alliance reached a tentative wage agreement, resuming port operations. The strike stemmed from automation and wage disputes, with the government facilitating but not interfering. Businesses should monitor the port recovery, adjust logistics plans, and build resilient supply chains. The resolution averts further disruption to the supply chain and offers a temporary reprieve, but long-term solutions addressing automation and labor concerns remain crucial for future stability.

11/03/2025 Logistics
Read More
East Coast Port Strike Threatens Supply Chain Stability

East Coast Port Strike Threatens Supply Chain Stability

A potential strike at US East Coast and Gulf Coast ports is raising concerns about supply chain disruptions. Businesses are urging government intervention to facilitate an agreement between labor and management, averting economic shocks. Companies are also proactively shifting cargo to mitigate potential risks. This situation highlights the critical importance of supply chain resilience, emphasizing the need for enhanced collaboration among stakeholders to prevent future disruptions. The potential strike underscores vulnerabilities and the necessity for proactive risk management strategies within global supply chains.

11/03/2025 Logistics Industry Insights
Read More
UPS Teamsters Clash Over Parttime Pay As Strike Looms

UPS Teamsters Clash Over Parttime Pay As Strike Looms

Negotiations between UPS and the labor union have stalled, raising the possibility of a strike. The union is demanding increased wages and benefits for part-time workers, while UPS is emphasizing cost concerns. A potential strike could disrupt supply chains and negatively impact the economy. The key sticking point remains the compensation package for part-time employees, who form a significant portion of UPS's workforce. Both sides face pressure to reach a resolution to avoid widespread disruptions to package delivery services.

11/03/2025 Logistics
Read More