US Freight Market Withstands Economic Slowdown Avoids Recession

US Freight Market Withstands Economic Slowdown Avoids Recession

Economist Costello argues the US economy is not in a recession, but rather returning to long-term growth trends. The risk of a recession may emerge in late 2020 or 2021. Focus should be placed on costs and efficiency within the trucking industry. He suggests that while some sectors may be experiencing downturns, the overall economy is showing signs of stabilization and potential for future expansion, particularly if the trucking sector can optimize its operations.

02/12/2026 Logistics Industry Insights
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Guide to Streamlining Customs for Split Shipment Importsexports

Guide to Streamlining Customs for Split Shipment Importsexports

This article provides a detailed interpretation of the information document (T2-640) usage in temporary import/export of separated goods. It offers clear operational guidelines and risk prevention advice for different roles, including exporters, importers, re-exporters, and re-importers. The aim is to assist companies in efficiently and compliantly completing customs clearance procedures and improving international trade efficiency. It provides practical guidance to navigate the complexities of temporary import/export regulations.

01/20/2026 Customs Knowledge
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European Logistics Firms Overhaul Supply Chains Amid Challenges

European Logistics Firms Overhaul Supply Chains Amid Challenges

The European logistics industry is undergoing profound transformation. This report analyzes current trends like workforce adjustments and business expansion, emphasizing resilience and adaptability. Faced with challenges such as geopolitical risks and the energy crisis, companies need to diversify sourcing, optimize transportation, invest in technology, strengthen risk management, and implement sustainable development strategies. Opportunities like digital transformation, e-commerce growth, and regionalized supply chains will drive the European logistics industry towards efficiency, intelligence, and sustainability.

01/21/2026 Logistics
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Freight Market Slump Presents Risks and Opportunities

Freight Market Slump Presents Risks and Opportunities

Bloomberg analyst Lee Klaskow interprets the US freight market, highlighting the high risk of economic recession and the arrival of a freight market winter. Excess capacity has led to falling freight rates, but the market is expected to turn around in the second half of the year. Companies should improve operational efficiency, expand diversified businesses, strengthen customer relationship management, pay attention to market dynamics, and embrace technological innovation to meet challenges and seize opportunities.

01/21/2026 Logistics Industry Insights
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Trade War Uncertainty Weighs on Winter Freight Demand

Trade War Uncertainty Weighs on Winter Freight Demand

The US-led trade war introduces uncertainty into the freight economy, leading to decreased demand, supply chain disruptions, and increased costs. Businesses should diversify markets, optimize supply chains, improve efficiency, and strengthen risk management. Governments should stabilize policies, provide support, and enhance cooperation. The trade war has profound implications for global economic growth, inflation, and geopolitics. In the long term, it will reshape global supply chains, intensify technological competition, and alter international relations.

01/21/2026 Logistics Industry Insights
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Trucking Industry Booms Despite Driver Shortage Economic Worries

Trucking Industry Booms Despite Driver Shortage Economic Worries

FTR's Trucking Conditions Index (TCI) reached a new record high, reflecting the robust health of the US trucking industry. However, challenges remain. Driver shortages, fluctuating fuel prices, and inflation pose significant risks. To navigate future uncertainties, the trucking industry needs to focus on improving efficiency, attracting and retaining talent, embracing technology, and strengthening risk management strategies. The industry's continued success hinges on its ability to adapt and overcome these ongoing capacity challenges.

01/21/2026 Logistics Industry Insights
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Armenia Joins Kyoto Convention to Boost Trade Efficiency

Armenia Joins Kyoto Convention to Boost Trade Efficiency

Armenia has joined the Revised Kyoto Convention, becoming its 90th contracting party. This convention aims to simplify and harmonize global customs procedures, boosting trade efficiency through streamlined processes, technology application, risk management, and enhanced cooperation. It attracts foreign investment and promotes global trade facilitation. More countries joining will contribute to building a more open and inclusive global trading system. The Revised Kyoto Convention is a key instrument for modernizing customs procedures and reducing trade barriers.

02/12/2026 Customs Knowledge
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WCO Releases IT Guide for Digital Customs Modernization

WCO Releases IT Guide for Digital Customs Modernization

The World Customs Organization (WCO) has released an IT Guide to assist customs leaders in digital transformation. This guide aims to enhance efficiency, security, and service delivery within customs administrations worldwide. By leveraging information technology, customs organizations can streamline processes, improve risk management, and ultimately support trade facilitation efforts, contributing to a more efficient and secure global trading environment. The guide provides practical insights and best practices for implementing digital solutions within the customs domain.

02/12/2026 Customs Knowledge
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Kenyas AEO Program Enhances Trade with WCO Backing

Kenyas AEO Program Enhances Trade with WCO Backing

With Sida's support, the WCO conducted AEO training for Kenya Customs, promoting cross-border cooperation and trade facilitation. The training recommended strengthening policy coordination and risk management to foster mutual recognition cooperation. This initiative aims to enhance the efficiency and security of the supply chain, benefiting both Kenya and its trading partners by streamlining customs procedures and reducing trade barriers. The focus on AEO implementation contributes to a more predictable and reliable trading environment.

02/02/2026 Customs Knowledge
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Streamlining LCL Shipments for Efficient Global Trade

Streamlining LCL Shipments for Efficient Global Trade

This article delves into the critical aspects of LCL (Less than Container Load) documentation, covering key stages like booking, packing, customs declaration, bill of lading, and destination port documents, emphasizing the importance of accuracy and compliance. It also proposes strategies for digital empowerment and risk management to help foreign trade enterprises improve efficiency, mitigate risks, and ensure smooth global cargo transportation. The guide aims to provide practical insights for navigating the complexities of LCL shipments.

02/02/2026 Document Interpretation
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