Global Shipping Industry Faces Downturn As Eastwest Capacity Drops

Global Shipping Industry Faces Downturn As Eastwest Capacity Drops

The international shipping market faced significant changes in July, with substantial capacity reductions on major East-West routes, particularly impacting the Trans-Pacific lanes. Weak demand and overcapacity led to declining freight rates, prompting shipping companies to actively adjust their strategies. Increased global economic uncertainty presents challenges for the shipping market's outlook, requiring companies to adapt flexibly. The capacity cuts aim to stabilize prices amid sluggish demand, but the long-term effects remain to be seen given the volatile global economic landscape.

07/03/2025 Logistics
Read More
Ontrac Expands Nextday Delivery to Texas Covering 19M Customers

Ontrac Expands Nextday Delivery to Texas Covering 19M Customers

OnTrac has announced its expansion into the Texas market, bringing next-day delivery services to Dallas-Fort Worth, Austin, Houston, and San Antonio, reaching 19 million consumers. The Dallas sorting center serves as a crucial hub, connecting its East and West Coast networks. Despite facing intense competition and slowing demand, OnTrac is positioned for success in Texas due to its strengths and strategic planning. This expansion aims to provide local consumers with faster and more convenient logistics services throughout the state.

01/08/2026 Logistics
Read More
US Container Imports Surge Amid Tariffs Seasonal Demand

US Container Imports Surge Amid Tariffs Seasonal Demand

Descartes' report indicates that U.S. container imports in August reached the second-highest level in history, driven by tariff policies and seasonal demand. Although down month-over-month, imports remain above last year's levels and pre-pandemic figures. The report highlights the sensitivity to tariff policies and the trend of supply chain diversification, also noting changes in market share between East and West Coast ports. Looking ahead, the global economy, tariff policies, and technological innovation will continue to influence U.S. container imports.

01/07/2026 Logistics
Read More
UBA Guinea Simplifies International Transfers With SWIFT Codes

UBA Guinea Simplifies International Transfers With SWIFT Codes

This article provides a detailed analysis of the SWIFT code UBAGGNCNXXX for United Bank for Africa Guinea (UBA Guinea), explaining its structure and usage scenarios. It also offers methods for finding SWIFT codes for specific UBA Guinea branches. Furthermore, the article outlines important considerations for international money transfers, including exchange rates, fees, intermediary bank charges, transfer times, and verifying recipient information. The aim is to help readers successfully complete international money transfers to UBA Guinea.

09/01/2025 International Settlement
Read More
Constantine Airport Expands Algerias Global Connectivity

Constantine Airport Expands Algerias Global Connectivity

Constantine Airport (CZL), also known as Mohamed Boudiaf International Airport, is a crucial customs airport in Algeria, connecting several cities in Europe and Africa. This paper details the airport's basic information, its international route network, and prospects its future development, showcasing its significant role as a regional aviation hub. It highlights the airport's importance in facilitating international travel and trade within the region and its potential for further growth and expansion in the future.

09/29/2025 Airport Codes
Read More
Taif Airport Emerges As Key Aviation Hub in Western Saudi Arabia

Taif Airport Emerges As Key Aviation Hub in Western Saudi Arabia

Ta'if Airport (TIF) is a significant air transport hub in western Saudi Arabia, located in Ta'if, Makkah Province. As a customs and city code airport, it handles important passenger and cargo transportation. It operates several international routes, connecting the Middle East, Africa, and other regions. The airport plays a vital role in promoting local economic development and cultural exchange. Its strategic location and expanding network make it a key gateway for the region.

09/28/2025 Airport Codes
Read More
Kenya Boosts Trade Efficiency with WCO JICA Aid

Kenya Boosts Trade Efficiency with WCO JICA Aid

The World Customs Organization (WCO) and the Japan International Cooperation Agency (JICA) are jointly supporting the Kenya Revenue Authority (KRA) to enhance its risk assessment and selectivity capabilities, addressing new trade challenges in East Africa. Using a two-pronged approach combining expert discussions and practical exercises, Kenyan Customs actively participates in building a smart customs administration. This initiative aims to improve clearance efficiency, promote trade facilitation, and ultimately contribute to Kenya's economic growth.

01/05/2026 Customs Knowledge
Read More
WCO Belgian Customs Academy Boost African Customs Training

WCO Belgian Customs Academy Boost African Customs Training

WCO, in collaboration with the Belgian Customs Academy, provides training to African customs officials to enhance their capabilities. Recently, officials visited the WCO headquarters to deepen cooperation, focusing on areas such as digital transformation. This partnership aims to strengthen customs administration in Africa and facilitate trade by building a skilled workforce and promoting modern practices. The collaboration underscores the WCO's commitment to supporting Africa's development through effective customs management and capacity building initiatives.

01/05/2026 Customs Knowledge
Read More
Ethiopia Modernizes Customs Tariffs to Meet Global Norms

Ethiopia Modernizes Customs Tariffs to Meet Global Norms

Ethiopia is accelerating the modernization of its tariff classification system to align with international standards, aiming to facilitate trade and promote economic growth. With support from the EU-WCO Africa HS Project, the Ethiopian Customs Commission is working to streamline processes, improve efficiency, and strengthen capacity building to adapt to the evolving global trade environment. This initiative seeks to simplify customs procedures, reduce trade barriers, and enhance Ethiopia's competitiveness in the international market.

01/05/2026 Customs Knowledge
Read More
World Customs Organization Boosts Modernization Advisor Team

World Customs Organization Boosts Modernization Advisor Team

The World Customs Organization (WCO) continues to expand its pool of Customs Modernization Advisors (CMAs) and Mercator Programme Advisors (MPAs) by holding certification workshops, such as the one in Pretoria, South Africa. This initiative aims to assist members in implementing the WTO's Trade Facilitation Agreement (TFA). The workshop assessed participants, with 15 officials successfully completing the first step of certification. This effort will accelerate TFA implementation, improve customs efficiency, and promote global trade growth.

12/30/2025 Customs Knowledge
Read More