WCO Highlights Data Strategy and Trade Tools at June Meetings

WCO Highlights Data Strategy and Trade Tools at June Meetings

The World Customs Organization (WCO) Permanent Technical Committee (PTC) meeting focused on data strategy, emphasizing the future of data-driven customs management. The meeting approved several key tools, including the 'Study Report on Disruptive Technologies' and the 'Rail Transit Handbook,' which will be submitted to the Policy Commission and Council for approval. Furthermore, discussions covered e-commerce, pandemic response, and the circular economy. The meeting also saw the election of a new chairman and vice-chairman.

XPO Logistics Sells North American Truckload Unit to Refocus Strategy

XPO Logistics Sells North American Truckload Unit to Refocus Strategy

XPO Logistics sold its North American less-than-truckload (LTL) business to TransForce, aiming to repay debt, focus on core businesses, and optimize capital allocation. This strategic adjustment allows XPO to concentrate resources on more advantageous business areas. Simultaneously, TransForce expands its North American market share through the acquisition. The deal signifies a shift in strategy for both companies, with XPO streamlining operations and TransForce bolstering its presence in the LTL sector. The divestiture represents a key element in XPO's ongoing efforts to improve financial performance and enhance shareholder value.

01/28/2026 Logistics
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