Despite some typically cautious warnings that the current growth cycle may be nearing a peak, industry-wide freight tonne kilometer (FTK) growth is at its strongest pace since 2010 - and global business and consumer confidence levels point to solid improvement at least through the third quarter, IATA said in its Q3 2017 "Cargo Chartbook."
U.K. traders say that blockchain could automate and systematize the administrative burdens of customs oversight generated by an impending customs regime, following the recent announcement by Brexit Secretary David Davis that a new customs system will be in place by 2019.
Customs checks at the border after the U.K. leaves the European Union could cost 1bn pounds ($1.3bn) a year and cause delays for goods being shipped in both directions, according to a report by Oxera, an economic consultancy.
India's greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is transforming the logistics industry in a country where moving stuff around is notoriously difficult to do, executives say.
Not long before Don Holman's son Garrett died from an overdose in February, he learned his 20-year-old had his drugs delivered directly to their Virginia home in the mail, in packages from foreign countries.
The latest news, analysis, services and systems regarding freight forwarding and customs brokerage and their impact on global supply chains. Today’s companies are transporting and delivering goods to more global customers than ever before using freight forwarding and customs brokerage solutions that manage international business logistics and customs clearance. As these services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using freight forwarding and customs brokerage solutions to power their supply chains.
Wake up to Coronavirus Updates and the latest Supply Chain News!
Subscribe to our Daily Newsletter
Timely, incisive articles delivered directly to your inbox.