Logistics

The U.S. Postmaster General David Steiner said in an interview that the Postal Service will hire restructuring advisers to address its mounting financial problems. In December, we reported that Steiner believed the Postal Service would run out of cash as soon as 2027. USPS reported net losses of approximately $120 billion between 2007 and now as the volume of first-class mail has dropped to its lowest level since late 1960s. Steiner stated that USPS engaged consulting firm Alvarez & Marsal to assist with planning for any scenario. Steiner said on Thursday that if we don't change anything, "we will run...

A?U.S. A?U.S. The U.S. Court of Appeals, Federal Circuit, issued a single-page order granting importers' motion to return the case?to the Trade Court where it was originally filed in early 2025. The Trump administration opposed the motion, saying it wanted to delay the case for up to 4 months so that it could 'consider its options. The Supreme Court ruled on February 20, 2019 that Trump's tariffs, imposed as part of an economic emergency law, were invalid. The Supreme Court gave no guidance on how to refund the money paid by more than 300,000 imported goods. Trump also said that...

These are the 'top stories' on the New York Times 'business?pages. These stories have not been?verified? and we cannot vouch for the accuracy of these reports. Netflix withdraws its $83 Billion bid for Warner Bros. Discovery has cleared the way for Paramount Skydance to make an $111 billion bid?to take control of Hollywood giant Warner Bros. Jack Dorsey, CEO of Twitter, says that new AI tools will make smaller teams more effective. This is one of the biggest AI-driven job cuts in tech history. FedEx has announced that it will refund any tariffs ordered by a court to its customers....

FedEx must explain to the public how it plans to 'pass on any tariff rebates,' said U.S. Treasury Sec.?Scott Bessent after the global shipping firm sued for a refunded of emergency import duties ruled illegitimate by the U.S.?Supreme?Court. Bessent also questioned FedEx Chief Raj Subramaniam in an interview with NBC News on Tuesday evening, but provided no evidence that any wrongdoing had occurred. FedEx is a member of this business group, as are scores of other U.S. firms. FedEx filed suit in the U.S. Court of International Trade on Monday seeking a refund following a ruling by the Supreme Court...

?French beauty company L'Oreal, British vacuum maker Dyson, and contact lens manufacturer?Bausch + Lomb are the 'latest' corporations to file a lawsuit for'refunds' of tariffs paid as part of President Donald Trump's trade emergency measures. This comes days after the U.S. Supreme Court ruled that the duties were illegal. These cases were filed in the U.S. Court of International Trade on Monday, joining a long list of notable companies that have sued following Friday's landmark decision. This week, the global transportation company FedEx as well as U.S. skincare company Sol 'de Janeiro filed complaints. Court documents reveal that more than...

The demand for its customs brokerage services helped Expeditors international of Washington to report a profit and revenue in the fourth quarter that exceeded Wall Street expectations. Customs clearance costs have increased as businesses adjust to new tariff rules and comply with compliance requirements. This has boosted demand for brokerage companies like Expeditors and driven up the cost of customs clearance. The demand for customs brokers remained high, reflecting the complexity of the work and the volume. CEO Daniel Wall added that the company planned to increase investments in technology including AI-driven tools to improve efficiency. Wall said that in...

These are the most popular stories from the Wall Street Journal. The Wall Street Journal has not verified the accuracy of these stories. FedEx has filed a lawsuit against the U.S. Government, requesting a refund of all trade duties it paid as a result of President Donald Trump’s tariffs that were enacted in 2018. Todd Snyder,?the administrator winding up Do Kwon’s Terraform Labs, has sued Jane?Street. He claims that the high-speed?trading giant engaged in illegal insider?trading and, ultimately, hastened the collapse of the crypto empire. The bankrupt auto parts supplier First Brands Group has not been able to secure financing...

The global transportation company FedEx filed a lawsuit on Monday in the U.S. Court of International Trade, seeking a refund for President Donald Trump's Emergency Tariffs. This is one of the most high-profile moves to recover money since the U.S. Supreme Court ruled the tariffs unconstitutional last week. Trade attorneys expect a flood of lawsuits after the landmark ruling to recover billions. A lower court will still have to work out the recovery process, which complicates matters. The U.S. Supreme Court ruled on Friday that Trump exceeded his authority when he used the International Emergency Economic?Act to impose tariffs against...

A lawyer for the International Brotherhood of Teamsters said to a judge that the union expects more than 10,000 United 'Parcel Service drivers will accept $150,000 buyouts, if the 'delivery -giant can proceed with its planned workforce-cutting plan. Michael Feinberg, a union attorney representing 320,000 UPS employees, gave this estimate when he asked Chief U.S. district Judge Denise Casper to stop UPS from implementing the buyout plan. The Teamsters claim that the union initiated the buyout without negotiations, in violation of the?2023 contract. Teamsters also contend that the provisions of the?2023 contract prohibit UPS from entering such agreements with individual...

FedEx, a global delivery company, announced on Thursday that its?adjusted? earnings for the current holiday season would exceed Wall Street's median estimate. It also set growth goals through 2029. FedEx announced that its earnings for the third quarter, ending February 28, will surpass analysts' expectations. This announcement was made ahead of its annual Investor Day in Memphis, Tennessee where it is headquartered. FedEx compared the average FactSet estimate of $4.01 for each share. FedEx announced in December that its 'third-quarter adjusted earning per share will fall below the reported $4.82 for the second quarter. The third quarter's earnings, which are...

FedEx, the global delivery company, announced on Thursday that its adjusted earnings for this holiday quarter will exceed Wall Street's average estimates and set growth goals through 2029. FedEx announced that its earnings for the third quarter, ending February 28, will surpass analysts' expectations. This announcement was made ahead of FedEx's annual investor day, which is held in Memphis, its headquarters. FedEx used FactSet’s average estimate of $4.01 for this comparison. FedEx announced in December that its adjusted earnings per share for the third quarter would be lower than the reported $4.82 per shares of the second quarter. The 'third...

Teamsters Union announced on Monday that it has sued United Parcel Service for violating their national contract with the new buyout packages? offered by the delivery giant to drivers. The two agreed to a contract ?deal covering 340,000 Teamsters-represented workers in 2023. The ?deal averted ?a strike at UPS, which has more Teamsters-represented employees than any other U.S. company. UPS announced in January that it would close 24 facilities and cut up to 30 000 jobs as it sought to shift away from millions low-profit deliveries to its largest customer, the online retailer Amazon.com. The union stated that "the scope...

The U.S. Supreme Court's decision to overturn emergency tariffs imposed by the White House was a victory for thousands of businesses, but the process of getting refunds is only just beginning. The court's decision could have a long-lasting impact on the global economy. It ruled that President Donald Trump was not allowed to impose broad tariffs against imports under the 1977 International Emergency Economic Powers Act. The corporate world spent months adapting to Trump's constantly changing trade policy, and his use of tariffs to further his agenda. Not only to address trade issues, but also to attack other governments policies...

United Parcel Service, the largest package delivery company in the world, announced on Tuesday that it will close 24 additional facilities and eliminate up to 30,000 positions by 2026. This is due to its ongoing shift towards a'more profitable business. In midday trading, shares of the company rose 4%. The company also announced fourth quarter results that exceeded Wall Street expectations and forecasted a surprise increase in annual revenue. FedEx shares gained 2.6%. Carol Tome, CEO of the company, said in a conference with analysts that the company plans to reduce Amazon deliveries. "We are now in the last six...

Politicians said that Italy was working on a tax to be imposed on low value postal packages coming from non-European nations. This is part of a plan to protect the fashion industry against low cost foreign imports, mainly from China. The move is aimed at avoiding unjustified competition on the market of one of Italy's most important industries. It targets online platforms like Shein and Temu, among others. The politicians in Italy said that the ruling parties intend to apply a tax on consignments less than $150. This is similar to a proposal currently being discussed at European Union levels....

The global stock market reversed its course on Wednesday and was on track to end a four session streak of gains, while the U.S. Dollar extended gains following the Federal Reserve Chair Jerome Powell's dampening of expectations for a further U.S. central bank interest rate cut in December. The Fed reduced rates by 25 basis point, citing the limited data visibility caused by the U.S. shutdown. It also announced that it would stop the quantitative tightening of its $6.6 trillion (also known as QT) balance sheet due to evidence that liquidity in the money markets has tightened and bank reserves...

FedEx shares rose 5% on Friday in premarket trade as investors cheered its quarterly profit and revenue beating against the backdrop of uncertainty related to tariffs and the ending of the "de minimis exemption" on low-value shipping. FedEx's aggressive measures to cut costs, such as parking planes, shutting down facilities, and merging certain units, have helped protect profits. It has a plan to save $1 billion in this fiscal year, which ends May 2026. The performance of the company was also boosted by a 5% increase in average daily domestic volumes. Its operating margin, an important metric, rose to 6%,...

GLP, a logistics company, announced on Tuesday that it has secured an investment from Zhejiang-based investors of 2,5 billion Chinese Yuan ($349.51 millions) for its China data center platform. The investment will support GLP's China data center platform in expanding its nationwide operations, the Singapore-incorporated firm said in a statement. According to its website , a global business with offices in Singapore Hong Kong and China, describes itself. reported In late November, the company announced that it aimed to list in Hong Kong this year after being taken private for more than eight years. In 2017, a Chinese consortium of...

Saudi Arabia's nearly $1 trillion sovereign wealth funds sold their stakes in several U.S. listed companies, including Meta, Shopify, and PayPal, in the second quarter. Securities filings published on Thursday confirm this. The 13F filings also show that the Public Investment Fund sold its stakes at Nu Holdings, FedEx and Alibaba Group during a period when U.S. stocks recovered from a drop in April tied to U.S. Tariff policies. The filings revealed that PIF had no shares remaining in Meta, Shopify PayPal, Alibaba Nu Holdings, FedEx, or Nu Holdings. The fund's last filing revealed that at the end March it...

White House announced on Wednesday that the United States has suspended a "de minimis exemption" which allowed low-value commercial goods to be sent to the United States free of tariffs. The White House announced that, under an executive order signed on Wednesday by President Donald Trump, packages sent to the U.S. valued at less than $800 outside the international postal system will be subject to "all applicable duty" as of August 29. Trump had earlier targeted packages coming from China and Hong Kong. The White House has said that the tax and spending bill recently signed by the President repeals...

Sometimes the pain of China limiting exports is so severe that it can be crippling. This can cause a huge outcry to occur almost instantly. Sometimes the pain is felt immediately, while other times it can take longer. China's late-last-year restrictions on the critical mineral antimony have caused major headaches for lead-acid battery makers around the world. Their customers are also affected by these high costs, as they have to pay more. Steve Christensen is the executive director of the Responsible Battery Coalition in America, which includes battery manufacturer Clarios, Honda, and FedEx. He mentioned the importance of batteries in...

The Japanese stock market rose for the third day in a row on Tuesday, boosted by the gains of technology stocks and the optimism of investors about the government's attempts to stabilize the debt markets. The Nikkei Index rose 0.9%, while the Topix index grew 0.5%. The Nikkei Index saw 171 advancing issues against 52 declining ones. Stocks and Japanese government bonds have advanced in tandem, as concerns about the fiscal health of Japan's economy and its borrowing costs continue to grow. Katsunobu Kato, the Japanese Finance Minister, said that the government would work to maintain confidence in the JGB...

On Friday, the Chinese president Xi Jinping met with some of the biggest business leaders in the world. The Chinese leader has met with chairmen, CEOs, and company presidents from major international firms that operate in China for the second consecutive year after the China Development Forum (an annual business conference) held over the weekend. The meeting last year was focused on the executives of U.S. businesses doing business in China. This year, there were more than 40 participants from around the world. RAY DALIO BRIDGEWATER ASSOC. Billionaire Dalio is the head of one of the largest hedge funds in...

The following are the leading stories in the Wall Street Journal. Reuters has actually not validated these stories and does not attest their accuracy. - U.S. President-elect Donald Trump is thinking about dropping his candidate to lead the Pentagon, Pete Hegseth, and nominating Florida Guv Ron DeSantis in his place. - South Korean President Yoon Suk Yeol stated on Wednesday he would lift a surprise martial law statement he had actually imposed simply hours previously, pulling back in a standoff with parliament which roundly rejected his effort to prohibit political activity and censor the media. - U.S. President-elect Donald Trump's...