Purdue University Wins 5M Grant for Truck Platooning Research

Purdue University Wins 5M Grant for Truck Platooning Research

The U.S. Department of Energy has awarded Purdue University a $5 million grant to research truck platooning, focusing on improving fuel efficiency and communication between vehicles. The project aims to enhance the fuel economy of heavy-duty trucks by 20%. This initiative explores the potential of coordinated driving strategies to reduce aerodynamic drag and optimize fuel consumption within a convoy of trucks. The research will also address the challenges of maintaining safe following distances and reliable communication in real-world platooning scenarios, contributing to advancements in smart logistics and sustainable transportation.

01/29/2026 Logistics Industry Insights
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Sierra Leone NRA Adopts Competencybased HR System for Tax Efficiency

Sierra Leone NRA Adopts Competencybased HR System for Tax Efficiency

The National Revenue Authority (NRA) of Sierra Leone, with support from the World Customs Organization (WCO), modernized its human resource system by introducing a competency-based HR management system. This initiative aims to enhance organizational effectiveness and build a professional tax workforce to better serve the national economy. This paper analyzes the construction and application of the competency model, and identifies potential challenges faced by the NRA during the transformation process, along with corresponding strategies to address them. The goal is to improve performance and create a skilled and efficient workforce.

02/03/2026 Customs Knowledge
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Global Trade Adopts HS Codes for Green Equipment Tracking

Global Trade Adopts HS Codes for Green Equipment Tracking

The World Customs Organization (WCO) held a series of workshops exploring the use of the Harmonized System (HS) to support environmentally sustainable trade. The workshops focused on the challenges and opportunities in identifying green technologies, incorporating perspectives from the EU, APEC, BIR, IRENA, and industry representatives. The aim was to promote the green transformation of the HS, facilitate trade in environmentally friendly machinery and equipment, and address classification challenges in the circular economy. The discussions highlighted the importance of accurate HS codes for promoting green trade initiatives and achieving environmental sustainability goals.

02/12/2026 HS Code Query
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Philippines Launches Study to Streamline Cargo Boost Trade

Philippines Launches Study to Streamline Cargo Boost Trade

The Philippines has launched a National Time Release Study (TRS) to identify bottlenecks in trade processes through data-driven analysis. The goal is to implement targeted reforms to improve trade efficiency, reduce costs, and enhance global competitiveness. This project is a collaboration between the Bureau of Customs (BOC) and the World Customs Organization (WCO), with support from Her Majesty's Revenue and Customs (HMRC). The final report is expected to be released by the end of 2025. The TRS aims to streamline goods release and contribute to the growth of the Philippine economy.

02/12/2026 Customs Knowledge
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Shenzhen Leads the World: The City with the Highest Quantity of Pure Electric Logistics Vehicles

Shenzhen Leads the World: The City with the Highest Quantity of Pure Electric Logistics Vehicles

Shenzhen is a global leader in promoting pure electric logistics vehicles, aiming to achieve a 50% usage rate by 2020. The first China New Energy Vehicle (Logistics Vehicle) Challenge is set to take place on December 20, attracting numerous automakers and logistics giants. Shenzhen's initiatives target the promotion of 9,203 pure electric logistics vehicles, contributing to the establishment of a green urban delivery system.

07/18/2025 Logistics
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Intercity Logistics Takes Flight: Unveiling a New Chapter in the Low Altitude Economy Era

Intercity Logistics Takes Flight: Unveiling a New Chapter in the Low Altitude Economy Era

The successful maiden flight of the country's first large-scale intercity drone logistics route marks the rise of the low-altitude economy. The efficient transportation and significant time savings provided by drones present new challenges and opportunities for the traditional freight model. With continuous improvement in policies, the low-altitude logistics market is expected to reach hundreds of billions in scale, creating a wide range of applications.

07/17/2025 Logistics
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Rail Logistics Financial Services Upgraded to Support High-quality Development of the Real Economy

Rail Logistics Financial Services Upgraded to Support High-quality Development of the Real Economy

China Railway Group has partnered with China Construction Bank to launch a pilot program for railway logistics financial services. The initiative introduces three financial products: 'Railway Freight Loan', 'Letter of Credit Settlement', and 'Railway Document Financing', aimed at reducing logistics costs and supporting the development of the real economy. The pilot will cover regions including Sichuan, Chongqing, Yunnan, Guangxi, and Hubei, benefiting various market participants.

07/23/2025 Logistics
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New Opportunities In Channel Economy How Multiple Freight Trains Are Connecting International Trade Networks

New Opportunities In Channel Economy How Multiple Freight Trains Are Connecting International Trade Networks

With policy support, the China-Europe Railway Express and the New Western Land-Sea Corridor have successfully promoted the development of corridor economies. By innovating customs clearance models and enhancing import trade capabilities, these initiatives have fostered international trade cooperation, which will further drive regional economic integration and growth in the future.

07/25/2025 Logistics
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USD to LKR Exchange Rate Trends Analyzed

USD to LKR Exchange Rate Trends Analyzed

This article analyzes the current exchange rate of 1 USD to the Sri Lankan rupee, emphasizing its importance for the economy and consumers. It explores the underlying causes and trends of exchange rate fluctuations, helping readers understand the dynamics of the global economy.

08/10/2025 Exchange Rate Query
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