US Service Sector Hits Record High Amid Growth Challenges

US Service Sector Hits Record High Amid Growth Challenges

The US ISM Services PMI hit a record high of 64.1 in July, marking the 14th consecutive month of growth in the service sector. Business activity, new orders, and employment were the main drivers. However, supply chain bottlenecks, labor shortages, and inflationary pressures pose challenges. Experts predict continued growth in the service sector, albeit at a slower pace. Inflation is expected to remain elevated in the short term. This strong PMI reading suggests continued economic expansion, but the underlying issues need to be addressed to sustain long-term growth.

01/19/2026 Logistics Industry Insights
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Shenzhen Port Hits Record 35 Million Teus in 2023

Shenzhen Port Hits Record 35 Million Teus in 2023

In 2025, Shenzhen Port's container throughput exceeded 35 million TEUs, a year-on-year increase of over 5%, reaching a record high. Through route innovation, industrial synergy, and green intelligent operation, Shenzhen Port has not only enhanced its own competitiveness but also provided a replicable development paradigm for global ports. In the future, Shenzhen Port will continue to deepen reforms and make greater contributions to the economic development of China and the world.

01/06/2026 Logistics
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US Imports Hit Record High As Economy Gains Steam

US Imports Hit Record High As Economy Gains Steam

S&P Global Market Intelligence reports that US container imports rose 11% year-over-year in May, reaching 2.7 million TEUs, marking the ninth consecutive month of growth. The cumulative increase for the first five months is 13%, totaling 12.77 million TEUs. Imports of both consumer and industrial goods have seen significant growth. Experts suggest that while the import data is strong, the growth rate may slow down. Attention should be paid to inventory levels and the global economic situation.

01/15/2026 Logistics
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US Container Imports Near Record Amid Tariffs Seasonal Demand

US Container Imports Near Record Amid Tariffs Seasonal Demand

U.S. container imports in August approached historical peak levels, driven by both tariff policies and seasonal demand. The report indicates a slight month-over-month decrease but a year-over-year increase, surpassing pre-pandemic levels. Adjustments in tariff policies, the global economic situation, and supply chain resilience will be key factors influencing future import volumes. The surge suggests businesses are anticipating potential future trade changes and stocking up accordingly. This trend highlights the complex interplay between trade policy, economic forecasts, and logistical planning in the global market.

01/15/2026 Logistics
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US Freight Volume Reaches Record High Despite Economic Challenges

US Freight Volume Reaches Record High Despite Economic Challenges

The U.S. Freight Transportation Services Index (Freight TSI) reached a record high in June, demonstrating resilience amidst economic headwinds. Growth was driven by trucking, rail, air, and water transportation. However, economic indicators present a mixed picture. As a leading indicator, the Freight TSI reflects consumer demand and supply chain conditions, providing crucial insights for businesses and policymakers. It offers a valuable snapshot of the current economic landscape and potential future trends within the freight sector.

01/20/2026 Logistics Industry Insights
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Ankers Eufymake UV Printer Raises 467M in Record Crowdfunding

Ankers Eufymake UV Printer Raises 467M in Record Crowdfunding

Anker Innovation's eufyMake E1 3D printer broke Kickstarter crowdfunding records, raising $46.76 million. Powered by Amass3D™ and ColorMaestro™ technologies, the printer facilitates personalized customization and opens doors to light entrepreneurship. Its success highlights the growing demand for accessible and user-friendly creative tools that empower individuals to bring their ideas to life. The impressive funding underscores the potential of 3D printing to revolutionize various industries and foster innovation at the individual level. This record-breaking campaign signals a significant shift towards democratized manufacturing and personalized design.

01/23/2026 Logistics Industry Insights
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Hangzhou Airport Reports Record H1 Cargo Growth Amid Ecommerce Boom

Hangzhou Airport Reports Record H1 Cargo Growth Amid Ecommerce Boom

In the first half of the year, Hangzhou's airport port achieved an international cargo volume exceeding 110,000 tons, marking a year-on-year increase of 3.47%. Among this, the export cargo volume reached 97,500 tons, with cross-border e-commerce shipments accounting for over 60%, highlighting the new vitality of the region's economy.

08/07/2025 Logistics
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South African Rand Surges to Record High Against US Dollar

South African Rand Surges to Record High Against US Dollar

Recently, the South African Rand (ZAR) has reached an exchange rate of 0.0563679 against the US dollar, marking a 1.94% increase. Simultaneously, the Rand has also appreciated against major currencies such as the euro and pound, indicating signs of economic recovery in South Africa. However, the market still faces uncertainties that need to be addressed.

08/25/2025 Exchange Rate Query
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USD to Sri Lankan Rupee Exchange Rate Hits Record Low

USD to Sri Lankan Rupee Exchange Rate Hits Record Low

This article presents the latest exchange rate between the US dollar and the Sri Lankan rupee, emphasizing the importance of real-time data acquisition and key factors in foreign exchange transactions. It aims to help readers better understand the practical applications of currency trading and market dynamics.

08/10/2025 Exchange Rate Query
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