China Aims to Cut High Logistics Costs Amid Global Competition

China Aims to Cut High Logistics Costs Amid Global Competition

In China, logistics costs account for 16.6% of GDP, which is 5 percentage points higher than the global average. Low logistics efficiency and effectiveness contribute to rising costs. To reduce logistics costs, efforts should focus on four areas: building systems, sharing resources, innovating logistics models, and optimizing the market environment. These measures aim to enhance overall logistics service efficiency and promote supply-side reform.

07/28/2025 Logistics
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GXO Logistics Expands in Ecommerce and Automation As Independent Firm

GXO Logistics Expands in Ecommerce and Automation As Independent Firm

XPO Logistics has completed the spin-off of GXO Logistics, which is now independently listed. GXO focuses on global contract logistics, seizing opportunities from e-commerce growth and automation upgrades. By deepening its expertise in e-commerce logistics, increasing investment in automation, expanding into emerging markets, enhancing digital capabilities, and focusing on sustainability, GXO Logistics is poised to stand out in a competitive market and achieve sustained growth. The company aims to capitalize on the increasing demand for efficient and technologically advanced logistics solutions driven by the rapid expansion of online retail.

01/19/2026 Logistics
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Krung Thai Bank SWIFT Codes How to Find and Use Them

Krung Thai Bank SWIFT Codes How to Find and Use Them

This article explains how to find and use the SWIFT code for Cathay Bank in Thailand. Users can quickly obtain this information through the bank's official website or forms to ensure smooth international remittances. The article also emphasizes the importance of verifying the SWIFT code to avoid potential errors in fund transfers.

08/12/2025 International Settlement
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Bangkok Bank SWIFT Code Guide for Global Transfers

Bangkok Bank SWIFT Code Guide for Global Transfers

This article provides a detailed overview of the SWIFT/BIC code for Bangkok Bank in Thailand and its applications. It includes essential information about the bank and the SWIFT codes for its local branches. Additionally, it discusses key scenarios and tips for international remittances, helping readers navigate cross-border fund transfers with ease.

09/08/2025 International Settlement
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Bangkok Port Overview The Hub of Thai Trade and Shipping

Bangkok Port Overview The Hub of Thai Trade and Shipping

Bangkok Port, located downstream on the Chao Phraya River in Thailand, is the country's primary commercial seaport. It primarily offers services to routes such as Singapore and Hong Kong, equipped with advanced loading and unloading facilities and strong cargo handling capabilities. The port serves as a crucial hub for Thailand's international trade.

07/24/2025 Port Encyclopedia
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The Importance of the Logistics Industry in National Economy and Current Development Analysis

The Importance of the Logistics Industry in National Economy and Current Development Analysis

The logistics industry plays a vital role in the national economy. Despite the economic environment affecting social logistics demand, its contribution continues to strengthen. Recent forecasts suggest that the added value of the logistics industry will exceed 9% of GDP. In recent years, investment in logistics infrastructure has risen, expected to surpass 70 billion yuan for the year, showcasing a positive development trend and reflecting the importance of the logistics industry in promoting economic growth.

07/21/2025 Logistics Industry Insights
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Logistics New Regulations Implementation Four National Standards Interpretation for Enhancing Efficiency and Standardizing Services

Logistics New Regulations Implementation Four National Standards Interpretation for Enhancing Efficiency and Standardizing Services

On July 1, 2017, China officially implemented four national logistics standards aimed at enhancing the standardization of logistics documents, improving highway transportation efficiency, ensuring the safety of warehouse shelving, and elevating the quality of appliance logistics services. These standards are set to promote the healthy development of the logistics industry and improve service efficiency.

07/24/2025 Logistics
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Guidelines for Goods Restrictions and Selection in Air Freight Logistics

Guidelines for Goods Restrictions and Selection in Air Freight Logistics

Air freight, as an emerging mode of transportation, faces limitations such as size, weight, and safety concerns. However, its speed and efficiency make it increasingly indispensable in international trade. When choosing air transportation, shippers must consider these constraints and prioritize valuable, perishable, and urgent goods to meet market demands for timely delivery.

07/21/2025 Logistics
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