Pandemic Risks Longterm Damage to Global Economic Growth

Pandemic Risks Longterm Damage to Global Economic Growth

An IHS Markit report indicates that the COVID-19 pandemic not only caused an economic recession but also poses a threat to long-term growth. The labor market, capital stock, and total factor productivity have all been negatively affected. Real GDP in developed economies is projected to be lower than pre-pandemic expectations by 2030. Accelerated digitalization may partially offset these adverse effects, but the overall long-term economic consequences remain significant and concerning.

01/26/2026 Logistics Industry Insights
Read More
Sines Port Drives Portugals Global Trade Growth

Sines Port Drives Portugals Global Trade Growth

The Port of Sines is a crucial maritime hub on the southwestern coast of Portugal, renowned for its deep-water conditions, strategic location, and comprehensive port services. Operating 24/7 year-round, the port boasts several deep-water berths catering to diverse vessel types. While lacking ship repair and dry dock facilities, the Port of Sines plays a vital role in the European maritime system due to its efficient operational management and complete infrastructure. Its deep-water capacity allows it to handle large container ships and other vessels, making it a significant player in global trade.

09/29/2025 Port Encyclopedia
Read More
Understanding Beijing's Domestic Source and Destination Codes

Understanding Beijing's Domestic Source and Destination Codes

This article provides a detailed analysis of the coding rules for cargo sources and destinations within Beijing, emphasizing the importance of accurate reporting. According to customs regulations, the coding requirements vary by region based on economic development levels, with developed areas needing to specify districts and counties. It particularly highlights the special designation of Zhongguancun National Independent Innovation Demonstration Zone and offers a series of effective codes for freight forwarders' reference to ensure smooth customs clearance.

07/21/2025 Logistics Encyclopedia
Read More
Understanding Direct Air Waybills Vs. Split Air Waybills

Understanding Direct Air Waybills Vs. Split Air Waybills

This article provides a detailed analysis of two types of air waybills: the direct waybill and the split waybill. It delineates their definitions, applicable scenarios, and functional differences. The direct waybill is primarily used when the shipper and consignee information is directly displayed, while the split waybill is utilized in complex freight forwarding operations, helping to simplify the customs clearance process. Understanding the differences between these two types of waybills will enhance the efficiency of foreign trade operations.

07/21/2025 Logistics Encyclopedia
Read More
The China-europe Railway Express: An Important Engine for Promoting the Belt and Road Strategy

The China-europe Railway Express: An Important Engine for Promoting the Belt and Road Strategy

The China-Europe Railway Express, a vital part of the Belt and Road Initiative, enhances trade between China and Europe. The Zhengzhou-Europe Express has operated 150 trains, carrying a total of 60,200 tons of goods, thereby boosting the economies along the route. Other services like the Lin-Man-Europe Express and the Binxin-Europe Express have improved logistics efficiency, reduced transportation and customs costs, and strengthened regional economic cooperation, showcasing the potential for international development in rail freight.

07/21/2025 Logistics Industry Insights
Read More
Exploring the Mystery of Customs Exemption Codes

Exploring the Mystery of Customs Exemption Codes

This article explores the classification of customs exemption nature codes and their significance in import and export management. It covers various types of exemptions, including general taxation, gratuitous aid, specific regions, and self-use materials, providing definitions and applications for each category. The establishment of these codes offers customs an efficient management mechanism, helping businesses better navigate tax management challenges and facilitate trade flow. Understanding these terms provides practical knowledge and information support for international freight forwarding professionals.

11/30/-0001 Customs Knowledge
Read More
Strict Regulations and Requirements for Shipping Bills in Latin America

Strict Regulations and Requirements for Shipping Bills in Latin America

In Latin America, the Bill of Lading (BL) has a series of strict requirements, including clear details of the shipper, receiver, and notifier, as well as the inclusion of a valid tax identification number and freight charges. Additionally, special cargo such as tires must include the chassis number and production date. The Bill of Lading must contain a four-digit HS code for smooth customs clearance. Adhering to these regulations is crucial for the successful completion of transportation.

07/28/2025 Logistics Encyclopedia
Read More
Argentinas El Palomar Airport Emerges As Key Air Cargo Hub

Argentinas El Palomar Airport Emerges As Key Air Cargo Hub

This article provides an in-depth analysis of El Palomar Airport (EPA) in Argentina and its role in air freight logistics. It introduces the airport's basic information, the significance of its three-letter code, and the services offered by West Coast Cargo. The analysis reveals the airport's importance within the Argentine air transport network and offers a perspective on its future development. It highlights EPA as a key component of Argentina's air cargo infrastructure and a growing logistics hub.

09/29/2025 Airport Codes
Read More
Santa Rosa Airport Upgrades Cargo Services to Boost Global Trade

Santa Rosa Airport Upgrades Cargo Services to Boost Global Trade

West Coast Cargo updates its global airport database, detailing key information about Santa Rosa International Airport (ETR) in Ecuador, supporting air freight professionals. West Coast Cargo is building the most authoritative three-letter code query system globally, providing convenient search tips and one-stop logistics information services to facilitate global trade development. This comprehensive resource aims to empower users with readily available airport information, streamlining air cargo operations and enhancing efficiency within the global logistics network.

09/29/2025 Airport Codes
Read More
Montauban Airport Emerges As Key Aviation Hub in Occitanie

Montauban Airport Emerges As Key Aviation Hub in Occitanie

Montauban Airport (XMW) is a significant aviation node in the Occitanie region of France. Although it is a non-customs airport, it is crucial for regional air transport. This document details the airport's code, region, time zone, and other relevant information. It recommends using the West Coast Cargo Network's three-letter code search system for improved planning and execution of air cargo operations. This helps streamline logistics and ensures efficient handling of freight within the region.

09/29/2025 Airport Codes
Read More