US Service Sector Hits Record High Amid Growth Challenges

US Service Sector Hits Record High Amid Growth Challenges

The US ISM Services PMI hit a record high of 64.1 in July, marking the 14th consecutive month of growth in the service sector. Business activity, new orders, and employment were the main drivers. However, supply chain bottlenecks, labor shortages, and inflationary pressures pose challenges. Experts predict continued growth in the service sector, albeit at a slower pace. Inflation is expected to remain elevated in the short term. This strong PMI reading suggests continued economic expansion, but the underlying issues need to be addressed to sustain long-term growth.

01/19/2026 Logistics Industry Insights
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US Retail Sales Rebound Annually Despite Minor Monthly Decline

US Retail Sales Rebound Annually Despite Minor Monthly Decline

US retail sales in May showed a significant year-over-year increase, with a slight month-over-month decrease, but the long-term growth trend remains solid. The apparel sector rebounded strongly, and the restaurant industry continued its recovery. The NRF revised its full-year retail sales growth forecast upwards. Experts emphasize the importance of long-term trends over short-term fluctuations. Data analysts should delve deeper into the data to uncover valuable insights and provide retailers with actionable recommendations. This analysis is crucial for understanding the ongoing economic recovery and its impact on the retail landscape.

01/19/2026 Logistics Industry Insights
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Guide to Canadian Sales Tax for Crossborder Ecommerce

Guide to Canadian Sales Tax for Crossborder Ecommerce

This article provides an in-depth analysis of Value Added Tax (GST, HST, PST) policies for offshore companies in Canada. It focuses on Amazon's collection and remittance rules, explaining the tax obligations of cross-border sellers, types of tax registration, bond requirements, and filing procedures. It also provides information on tax payment methods. This guide aims to help cross-border e-commerce sellers operate in compliance and minimize tax risks in the Canadian market.

01/04/2026 Customs Knowledge
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UK Ebay Sellers Face Complex VAT Rules Key Guide

UK Ebay Sellers Face Complex VAT Rules Key Guide

This article introduces the eBay UK VAT application process and the method of adding a VAT number, including both self-application and agency application. It emphasizes compliant operation to help sellers achieve stable development in the UK market. Understanding and adhering to UK VAT regulations is crucial for cross-border e-commerce businesses operating on eBay. This guide provides a concise overview of the necessary steps to ensure compliance and avoid potential penalties, ultimately contributing to the long-term success of eBay sellers in the UK.

01/06/2026 Customs Knowledge
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Freight Forwarders Guide to Cutoff Times and BOL Inquiries

Freight Forwarders Guide to Cutoff Times and BOL Inquiries

This article focuses on freight forwarding practices, emphasizing the dynamic nature of cut-off times and the importance of using correct channels for container information inquiries. It also analyzes the tax issues related to freight forwarder invoices, including the latest policy trends. The aim is to help freight forwarding professionals mitigate risks and improve efficiency by providing practical insights into these key areas. Understanding these aspects is crucial for smooth operations and compliance within the freight forwarding industry.

08/23/2025 Logistics Encyclopedia
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