Trucking Industry Struggles Amid Economic Slowdown

Trucking Industry Struggles Amid Economic Slowdown

Bloomberg analyst Klaskow believes a US recession is highly probable, and the freight market is in a downturn, facing the triple challenges of declining volumes, high inventories, and year-over-year pressure. Freight rates may bottom out and rebound, with capacity clearing being key. Large companies can diversify their operations, and the market is expected to improve in the second half of the year, but a rational view is needed. The year-end shopping season may return to normal, with inventory being a critical factor.

01/28/2026 Logistics Industry Insights
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WCO and WTO Partner to Boost Global Trade Efficiency

WCO and WTO Partner to Boost Global Trade Efficiency

The World Customs Organization (WCO), in collaboration with the World Trade Organization (WTO), held an advanced training course in Geneva for chairpersons of National Trade Facilitation Committees from French-speaking countries. The course aimed to enhance their understanding of the Trade Facilitation Agreement (TFA) and improve their communication and collaboration skills with stakeholders. The curriculum was based on WCO's capacity building materials and introduced key tools such as the Mercator Program. Both organizations will continue their collaboration to organize similar courses for Spanish-speaking countries.

01/27/2026 Customs Knowledge
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WTO and WCO Partner to Enhance Global Trade Living Standards

WTO and WCO Partner to Enhance Global Trade Living Standards

The Director-General of the World Trade Organization (WTO) emphasized the crucial role of collaboration between trade and customs communities in improving global well-being at the World Customs Organization (WCO) Council meeting. By strengthening information sharing, capacity building, and technological innovation, the WTO and WCO can jointly build a more prosperous, equitable, and sustainable global trading system. This cooperation is essential for facilitating trade, ensuring security, and promoting economic development worldwide. The focus is on streamlining processes and fostering a collaborative environment for mutual benefit.

01/26/2026 Customs Knowledge
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Saudi Arabia Boosts Customs Efficiency with Wcobacked AEO Program

Saudi Arabia Boosts Customs Efficiency with Wcobacked AEO Program

A World Customs Organization (WCO) expert team recently visited Saudi Arabia to provide AEO system capacity building training to the Saudi ZATCA. The training focused on key elements such as the SAFE Framework of Standards, risk management, and Mutual Recognition Agreements (MRAs). This initiative aims to assist Saudi Customs in optimizing AEO implementation, enhancing trade facilitation, and promoting economic diversification. By strengthening its AEO program, Saudi Arabia can improve efficiency, security, and predictability in its customs procedures, ultimately contributing to a more competitive and attractive business environment.

01/26/2026 Customs Knowledge
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WCO Aids MENA Customs in Trade Boost Via Harmonized System

WCO Aids MENA Customs in Trade Boost Via Harmonized System

The World Customs Organization (WCO) actively supports the implementation of the Harmonized System by customs administrations in the Middle East and North Africa (MENA) region, enhancing trade facilitation. Through workshops on the HS 2017 amendments and promotion of advance rulings, the WCO assists regional customs in improving management and promoting economic development. Future cooperation will focus on capacity building, technical assistance, and long-term planning to address new challenges in global trade. This aims to further streamline processes and boost regional economic growth within the MENA region.

01/26/2026 Customs Knowledge
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Port of Long Beach Approves Final EIR for Pier B Rail Expansion

Port of Long Beach Approves Final EIR for Pier B Rail Expansion

The Port of Long Beach released the final Environmental Impact Report for the Pier B On-Dock Rail Support Facility project. This project aims to enhance the port's rail capacity by constructing a new rail yard, reducing reliance on truck transportation, improving freight efficiency, and improving air quality. This initiative represents another significant step by the Port of Long Beach towards sustainable development. The project is expected to receive approval from the Harbor Commission, and the port will continue to keep the public informed about its progress.

01/27/2026 Port Encyclopedia
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ELD Mandate Raises Freight Costs Strains Supply Chains

ELD Mandate Raises Freight Costs Strains Supply Chains

The Electronic Logging Device (ELD) mandate may lead to a 10%-20% increase in trucking rates, causing higher supply chain costs and potential capacity shortages. The Owner-Operator Independent Drivers Association (OOIDA) has raised privacy and rights concerns about the regulation and challenged its legality. Businesses need to plan ahead, optimize transportation networks, strengthen carrier relationships, and explore alternative solutions to address these challenges. Proactive strategies are crucial to mitigate the impact of the ELD mandate on freight costs and overall supply chain efficiency.

01/28/2026 Logistics Industry Insights
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Freight Forwarders Adapt Digital Strategies Amid Trade Shifts

Freight Forwarders Adapt Digital Strategies Amid Trade Shifts

In the new landscape of global trade, freight forwarders face the dual challenges of digital transformation and strategic adjustment. This article analyzes market changes brought about by trade agreements, industry competition under the digital wave, and new data-driven supply chain models. Freight forwarders need to shift from capacity building to asset cooperation, embrace digitalization, and build an interconnected supply chain ecosystem to gain a foothold in the fierce market competition. This includes leveraging technology to improve efficiency, visibility, and collaboration across the entire supply chain.

01/28/2026 Logistics Industry Insights
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Trucking Industry Faces ELD Rules Speed Limiter Disputes

Trucking Industry Faces ELD Rules Speed Limiter Disputes

The US trucking industry faces challenges from Electronic Logging Devices (ELDs) and speed limiter mandates. Truck drivers strongly oppose these regulations, citing privacy concerns, increased costs, and reduced efficiency. These regulations can significantly impact the supply chain, potentially leading to higher freight rates, longer delivery times, and capacity shortages. Supply chain managers need to closely monitor regulatory developments, assess potential impacts, and collaborate with carriers to optimize transportation plans and mitigate these challenges. Careful planning and proactive communication are crucial for navigating the evolving regulatory landscape.

01/28/2026 Logistics
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Major Carriers Launch New Far Eastred Sea Express Route

Major Carriers Launch New Far Eastred Sea Express Route

GFS, RCL, and TSL have jointly launched a new Far East to Red Sea service, with Evergreen Marine participating in slot booking. The route connects major Chinese export hubs with key Red Sea ports, completing a round trip in 27 days. Operating on a bi-weekly basis with 3,000 TEU vessels, it provides an efficient transportation channel for export businesses in East and South China. This service aims to alleviate capacity constraints, expand Middle East market coverage, and enhance customer service capabilities on Middle East routes.

01/27/2026 Logistics
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