Bank of America Index Shows High Costs Low Volumes in US Logistics

Bank of America Index Shows High Costs Low Volumes in US Logistics

The Bank of America Freight Payment Index indicates a decrease in freight volumes during the fourth quarter, while freight spending reached a record high. Driver shortages, rising fuel prices, and ongoing supply chain challenges are key contributing factors. Regional performance varied, with the Western region experiencing the largest increase in spending. To navigate these challenges, businesses need to optimize their supply chains, strengthen collaboration, diversify transportation options, and embrace digital transformation. These strategies are crucial for mitigating the impact of rising costs and ensuring efficient freight operations in the current economic climate.

01/21/2026 Logistics Industry Insights
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Prologis Report Highlights Shift in Logistics Real Estate Demand

Prologis Report Highlights Shift in Logistics Real Estate Demand

The GLP IBI Index indicates a turning point in logistics real estate demand, with a Q3 activity index of 53. Net absorption, new lease signings, and project pipeline all increased. The market recovery is led by large corporations and e-commerce companies, but the overall recovery is non-linear. This index provides important reference for corporate decision-making and government policy formulation.

01/15/2026 Logistics Industry Insights
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Guide to Avoiding Costly Errors in International Shipping Documents

Guide to Avoiding Costly Errors in International Shipping Documents

This article provides a detailed interpretation of key filling points for ocean bills of lading, including shipper, consignee, vessel name, loading and unloading ports, marks and numbers, goods description, gross weight and volume, freight payment, place and date of issue, etc. It offers practical guidance with real-world examples to help you avoid common mistakes and ensure the smooth arrival of your goods. This guide aims to assist in accurately completing the bill of lading, a crucial document in international trade.

08/21/2025 Document Interpretation
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Freight Forwarders Adopt Efficient Cargo Tracking to Cut Costs

Freight Forwarders Adopt Efficient Cargo Tracking to Cut Costs

This article addresses the challenges faced by new freight forwarders in cargo tracking, focusing on key aspects such as customs clearance, vessel scheduling, cost calculation, and shipper information completion. It provides practical advice to help freight forwarders monitor the real-time status of cargo transportation, avoid potential risks, and improve work efficiency. The guide aims to empower freight forwarders with the knowledge and tools needed to effectively manage and track shipments from origin to destination, ensuring smooth and transparent operations.

08/22/2025 Logistics Encyclopedia
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Uber Freight Reduces Costs for Canadian Shippers

Uber Freight Reduces Costs for Canadian Shippers

Uber Freight has launched a new self-service shipper platform in Canada, aiming to address the inefficiencies and high costs plaguing the Canadian freight market. The platform offers features such as instant quoting, real-time pricing, vast capacity, real-time tracking, and intelligent management tools. This empowers Canadian shippers to reduce costs, improve efficiency, and streamline their logistics operations. The platform is offered free of charge, providing accessible and valuable solutions for Canadian businesses seeking to optimize their freight management.

01/21/2026 Logistics
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Trucking Industry Lobbies for Policy Changes in Washington

Trucking Industry Lobbies for Policy Changes in Washington

Led by the National Shippers Strategic Transportation Council (NASSTRAC), over ten shipper and carrier organizations will hold a lobbying event in Washington D.C. on February 1st. The initiative aims to highlight the importance of the trucking industry to policymakers and advocate for key issues. These include concerns about truck driver hours-of-service regulations, advocating for the expanded use of longer, heavier trucks, and improving the highway system. The goal is to enhance trucking efficiency and safeguard the nation's economic well-being.

01/20/2026 Logistics
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Quest for Quality Awards Honor Top Logistics Providers

Quest for Quality Awards Honor Top Logistics Providers

The Logistics Management magazine's Quest for Quality (Q4Q) Awards are considered the 'gold standard' for service excellence in the logistics industry. Based on rigorous shipper surveys, the awards evaluate carriers on key performance indicators like on-time delivery, value, information technology, customer service, and equipment & operations. The 2025 Q4Q Awards recognized 160 outstanding carriers and service providers, offering shippers a valuable benchmark for selecting reliable logistics partners. This recognition provides important insights for shippers seeking dependable and high-quality logistics solutions.

01/20/2026 Logistics Industry Insights
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Guide to Costeffective Ocean Freight Shipping Strategies

Guide to Costeffective Ocean Freight Shipping Strategies

This article comprehensively analyzes sea freight rate inquiry channels, selecting high-quality platforms both domestically and internationally, and provides practical advice. Whether you are a small and medium-sized shipper or a large corporate client, you can find the most suitable sea freight solution through this article, saving money efficiently and avoiding pitfalls. Learn how to navigate the complexities of sea freight pricing and choose the right partners for your shipping needs. Optimize your logistics and ensure cost-effective transportation of your goods.

01/23/2026 Logistics
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Guide to Bill of Lading in International Trade

Guide to Bill of Lading in International Trade

This article provides an in-depth interpretation of the Ocean Bill of Lading (B/L), detailing the key significance and practical experience of various information on the front (shipper, consignee, vessel name/voyage number, etc.). It also reveals the hidden transport contract terms on the back, helping you master this 'nautical chart,' avoid trade risks, and ensure smooth customs clearance. Understanding the B/L is crucial for navigating international trade and logistics, mitigating potential issues and facilitating efficient movement of goods.

01/26/2026 Document Interpretation
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Global Container Shipping Service Quality Plummets to Historic Lows

Global Container Shipping Service Quality Plummets to Historic Lows

The quality of global container shipping services has sharply declined, with on-time performance dropping to 56%, posing significant challenges for shipping companies. Routes from Asia to the U.S. have shown particularly poor results, with record-low on-time rates leading to shipper dissatisfaction. The rise in trade volume due to global economic recovery has exacerbated capacity constraints and high shipping costs. The shortage of container equipment needs urgent attention, and shipping companies must improve transparency and service quality to alleviate pressure on customers.

10/29/2020 Logistics Industry Insights
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