Iskenderun Port Recovery Shapes Global Trade Outlook

Iskenderun Port Recovery Shapes Global Trade Outlook

The Port of Iskenderun is closed due to the disaster, with an uncertain reopening timeline, significantly impacting global trade. Businesses are advised to closely monitor port updates, explore alternative solutions, and strengthen supply chain coordination. The port authorities have pledged to release a recovery timetable as soon as possible. We will continue to monitor the situation and provide information support. The closure is causing significant supply chain disruptions and hindering post-disaster recovery efforts in the affected region. Contingency planning is crucial.

09/28/2025 Logistics
Read More
WCO Aids Sierra Leones Trade Recovery Postdisaster

WCO Aids Sierra Leones Trade Recovery Postdisaster

Following the devastating mudslides in Sierra Leone, the WCO assisted the National Revenue Authority (NRA) in developing its Strategic Plan for 2018-2022. This plan focuses on trade facilitation as a key driver for economic growth and development. The WCO's support aimed to strengthen the NRA's capacity to implement efficient and effective customs procedures, ultimately contributing to the country's reconstruction and long-term economic stability. The strategic plan provides a roadmap for modernizing customs operations and promoting a more business-friendly environment in Sierra Leone.

01/22/2026 Customs Knowledge
Read More
Asiapacific Customs Chiefs Plan Trade Recovery Reforms

Asiapacific Customs Chiefs Plan Trade Recovery Reforms

The WCO Asia Pacific Heads of Customs Conference was held in Seoul, focusing on upgrading strategies, building smart customs, and strengthening international cooperation. Thailand was elected as the next Vice-Chair. South Korea will establish a training center to further support capacity building in the region. The conference highlighted the importance of regional collaboration to enhance trade facilitation and security within the Asia Pacific region and beyond, aiming to create a more efficient and interconnected global trade environment.

01/22/2026 Customs Knowledge
Read More
Turkey Boosts Trade Ties to Spur Postpandemic Recovery

Turkey Boosts Trade Ties to Spur Postpandemic Recovery

Turkey hosted its first International Customs Trade Conference, where the Secretary-General of the World Customs Organization emphasized Turkey's importance as a global supply chain hub. He called for strengthened customs and trade cooperation to facilitate post-pandemic economic recovery. Turkey is committed to customs modernization and enhanced international collaboration to address global trade challenges and promote economic development. The conference highlighted the need for streamlined processes and innovative solutions to ensure efficient and secure trade flows in a rapidly changing global landscape.

01/05/2026 Customs Knowledge
Read More
Global Air Cargo Demand Slows Amid Trade Recovery

Global Air Cargo Demand Slows Amid Trade Recovery

The global air cargo market is showing signs of fatigue again after a brief recovery. Demand growth slowed in May, and freight rates are under pressure. The short-term stimulus from the easing of US-China trade tensions cannot hide the risk of market downturn. Airlines need to closely monitor market dynamics and actively respond to challenges. In the long term, protecting relationships with all stakeholders is crucial to overcome difficulties and usher in new development opportunities.

01/05/2026 Logistics
Read More
WCO Prioritizes Trade Recovery Innovation Amid Global Challenges

WCO Prioritizes Trade Recovery Innovation Amid Global Challenges

World Customs Organization (WCO) Secretary General Kunio Mikuriya held an online meeting with representatives from Geneva Customs to discuss how customs administrations can promote trade facilitation, build sustainable supply chains, and contribute to global trade prosperity in the context of global economic recovery. The discussion focused on leveraging technological innovation, fostering international cooperation, and effectively implementing the Trade Facilitation Agreement. These efforts aim to streamline customs procedures, reduce trade costs, and ultimately support the growth of international commerce.

01/26/2026 Customs Knowledge
Read More
US Economic Recovery Slows As Tariffs Weigh on Trade

US Economic Recovery Slows As Tariffs Weigh on Trade

A recent Federal Reserve report indicates a slight recovery in the US economy. However, inflationary pressures and the potential for increased tariffs pose challenges to foreign trade businesses. Companies need to closely monitor economic trends and proactively optimize their supply chains and explore new markets to navigate the uncertainty. This proactive approach is crucial for mitigating risks and ensuring continued growth in a volatile economic landscape. Strategic adaptation and diversification are key to success.

01/28/2026 Customs Knowledge
Read More
Airlines Pursue Financial Recovery Postpandemic

Airlines Pursue Financial Recovery Postpandemic

The 8th IATA World Financial Symposium (WFS) focused on the challenges and opportunities facing airlines in the post-pandemic era, exploring key strategies to rebuild resilience. Centered around financial and industry sustainability, the symposium delved into optimizing financial management, accelerating digital transformation, embracing retail transformation, and practicing sustainable development. These discussions aim to help airlines navigate a complex and volatile environment, achieve robust growth, and ensure long-term sustainability. The WFS provided a platform for industry leaders to share insights and collaborate on solutions for a more resilient and sustainable future for aviation.

01/27/2026 Logistics Industry Insights
Read More
US Transport Giant Warns Trump Tariffs Threaten Economic Recovery

US Transport Giant Warns Trump Tariffs Threaten Economic Recovery

A major US transportation company is warning the Trump administration that continued tariff policies threaten economic recovery. Union Pacific CEO Lance Fritz points out that tariffs hurt corporate profits, raise prices, and could trigger broader economic damage. Business leaders are urging the government to be cautious with trade policies to avoid undermining America's competitiveness in the global economy. The escalating trade tensions and resulting tariffs are creating uncertainty and hindering investment, potentially slowing down the post-pandemic recovery.

01/28/2026 Logistics Industry Insights
Read More