In a significant development for international trade, Urumqi, China, has inaugurated its second TIR logistics hub, a move aimed at enhancing the efficiency of trade routes under the Belt and Road Initiative. This new facility promises to offer a comprehensive suite of services, catering to TIR
South Africa has embarked on a bold journey to transform its transportation sector with the enactment of the Economic Regulation of Transport Act. Signed into law by President Ramaphosa on June 11, 2024, this legislation serves as a significant milestone in economic regulation and privatization
Huzhou City, situated in northern Zhejiang Province in East China, has rapidly emerged as a pivotal player in the logistics sector, becoming known as the "logistics valley" of China due to its significant advancements in green and smart logistics technologies. At the heart of this transformation is
The freight trucking industry has been mired in a persistent recession since 2022, driven by declining demand, elevated interest rates, and inflationary pressures, which have a multitude of companies navigating tough financial waters. These harsh conditions have compelled numerous logistics firms
The strategic decision by Maersk to invest $2 billion in Pakistan’s port and transport infrastructure over the next two years signifies a pivotal moment for the country. This investment underscores Pakistan's growing importance in the global logistics landscape. It aligns seamlessly with Karachi’s
Transforat, an innovative digital transport service provider based in Iraq, has officially joined the International Road Transport Union (IRU), a significant milestone for the company and the country's logistics sector. This integration is poised to bring a multitude of benefits, both immediate and
The landscape of last-mile delivery is rapidly transforming, driven by rising consumer expectations and advances in technology. This dynamic segment of logistics requires companies to adapt strategically to stay competitive, efficient, and effective in meeting customer demands. From AI technology
The advent and evolution of the China-Europe freight train service have significantly altered the landscape of global trade. Since it commenced operations in 2011, the freight train has emerged as a cornerstone of the Belt and Road Initiative (BRI), facilitating land transportation and
China's logistics sector has showcased remarkable growth, registering a 5.8% year-on-year increase in the first half of the year. This expansion is reflective of a broader trend of macroeconomic stabilization and recovery that has been consistently unfolding since the last quarter of 2023. The
With the holiday season fast approaching, UPS is gearing up for significant shifts in its pricing strategies to manage the anticipated surge in shipping volumes. This article sheds light on the recently introduced and escalating demand surcharges that UPS has put in place and explores how these
