Logistics

The Canadian Union of Postal Workers reported that Canada Post employees went on strike nationwide on Thursday, after the Canadian Government demanded the company undergo transformation. The union announced that "all CUPW members working for Canada Post will be on strike immediately in response to the government's attacks on our postal services and workers." Canada Post has not responded to our request for comment immediately. Canada Post was told by the Canadian government to make changes in its operations earlier on Thursday. The company faces structural challenges that, along with outdated restrictions and stagnant negotiations between management and labour, have...

The U.S. The U.S. USPS, which is losing money, raised prices to 78 cents in July from 73 cents. This increased the price of all mailing services by 7.4%. USPS will review prices by mid-2026. After a series price increases since the beginning of 2019, when stamps were only 50 cents, stamp prices have risen by 46%. The volume of first-class mail is at its lowest since 1968. This is the first announcement made by David Steiner, who became U.S. postmaster general in July 2017 after President Donald Trump removed his predecessor Louis DeJoy. In February, Trump referred to the...

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%,...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Nvidia announced on Thursday that it would invest $5 Billion in Intel. The chipmaker, which is struggling in the United States, will now have the backing of a major company. This comes just weeks after White House negotiated an unprecedented deal with the federal government for the latter to acquire a large stake in the firm. UPS has canceled its plans to purchase Estafeta after a year-long attempt to acquire the Mexican small packages provider. Ames Watson,...

FedEx posted a higher profit for the quarter, but projected 2026 earnings per shares that were largely below analyst's estimates. This is because it expects to take a hit due to U.S. tariffs ending on low-value direct-to consumer shipments. In extended trading, shares of the company rose by about 6% on Thursday. On May 2, the U.S. government ended the "de minimis exemptions" that allowed packages valued below $800 to be imported duty-free from China and Hong Kong. These shipments represented about three quarters of the roughly 1.4 billion packages which entered the United States every year under this program....

FedEx posted a higher profit for the quarter, but projected earnings per share in 2026 that were largely below analyst's estimates. This is because it expects to take a hit due to U.S. tariffs ending on low-value direct-to consumer shipments. According to data compiled and analyzed by LSEG, the Memphis-based company expects adjusted earnings for full-year in a range between $17.20 and $19.00 per share. The mid-point is slightly below analyst estimates of $18.21. Since 2023, FedEx has been working to reduce operating costs by billions of dollars. This is done through parking planes and closing facilities. It has a...

Texas Governor Greg Abbott has signed a law to clamp down on the mail-order sale of abortion pills, which are already prohibited in his state. The bill empowers private citizens to sue companies and individuals who ship these pills to Texas. Abbott, an anti-abortion Republican who is adamantly opposed to abortion, signed the bill without any announcement on Wednesday night. The bill was passed by the Republican-led state legislature in early October. The bill aims to make it more difficult for women to get the prescription drugs they need to terminate their pregnancy at home, in violation of Texas' ban...

U.S. Federal Aviation Administration has issued a safety warning to airlines on Tuesday, citing an alarming number of incidents involving lithium batteries. The FAA has recommended that airlines implement risk mitigation strategies. This includes clear messaging about potential fire risks associated with lithium batteries carried by crew and passengers, and reviewing firefighting training and procedures. The FAA reported that 50 incidents of lithium-ion batteries causing extreme heat, smoke or fire have occurred in the U.S. this year. Some of these have caused accidents or injuries. A cell phone that was being used by a passenger on an American Airlines flight...

Officials from the Trump administration said that on Friday, the U.S. tariff-free package shipment exemption will end permanently. However, there is a six month transition period during which shippers of postal services can choose to pay a flat rate of $80 - $200 per package, depending on their country of origin. After 12:01 am EDT (0401 GMT), the U.S. Customs and Border Protection Agency will begin collecting normal duties on all parcel imports from around the world, regardless of their value. This move expands on the cancellation by the Trump administration of the de minimis exception for shipments coming from...

Posten Bring, PostNord and the Norwegian-Swedish-Danish postal group Posten Bring are halting parcel shipments into the United States in anticipation of the closing of an American customs tax loophole which allows duty-free entry to low-value packages. The U.S. administration of Donald Trump announced last month that it would suspend global "de minimis", which allows minimal paperwork for international shipments below $800, effective August 29, 2018. PostNord, owned by the Swedish-Danish governments, said that it temporarily stopped shipments due to the short period of time to adapt to new requirements. Financial markets around the world have been shaken by Trump's policies....

The group announced Monday that former New Hampshire governor Chris Sununu will be the new leader of the trade group Airlines for America. Sununu passed up the chance to run for U.S. Senate 2026. American Airlines, Delta Air Lines and United Airlines are among the members of this influential airline lobbying organization. Sununu will replace Nick Calio on September 9th, who has been the leader of the group since 2011 and was a senior adviser to George W. Bush. Airlines have aggressively lobby Congress this year to spend billions to modernize America's aging air traffic system. They warn that it...

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...

Allegro, the CEO of Polish ecommerce company Allegro, denied on Friday that Allegro was at odds with any of its business partners despite its relationship deteriorating with delivery partner InPost. When asked by reporters about InPost, Allegro CEO Marcin Kusmierz said: "We don't believe that we are in any dispute or business with any entity." InPost's shares dropped around 13% after the company reported a slower volume growth in Poland. The shares of InPost have lost over a third in value this year, but they were up by 9% as of 1340 GMT. Allegro shares were up about 2%. InPost,...

InPost, a parcel locker company, has announced that it has acquired Spanish delivery firm Sending in order to expand its presence on the Iberian Peninsula. It will also integrate the 24-hour delivery service provided by Sending. Why it's important InPost has gained traction in other countries after establishing a stronghold on its native market, Poland. Sending is the latest in a strategy of pan-European growth, which began with the acquisition of Yodel earlier this year. By the Numbers InPost, at the end of its second quarter, had 3,000 automated package machines (APMs) and 9,000 pickup and drop-off locations in Spain...

U.S. importers rely on customs brokers more and more to keep up with the ever-changing policies of President Donald Trump. The industry said that the booming demand for assistance in processing foreign products has increased the cost of these services, which adds another cost to tariffs. Customs brokerages, which were until recently an unrecognized branch of the import industry, now handle all the paperwork required to process shipments, calculate tariff bills, and calculate the paperwork. Brokers interviewed by said they were raising their fees. Major logistics companies like Memphis, Tennessee based FedEx, and Germany based DHL have also added staff...

PostNL's president called for urgent federal government action to secure the Dutch postal service on Monday, after the group cautioned on 2024 profit partly due to what she called an unsustainable service design. Shares of the postal operator fell as much as 8.4% in early trading, nearing their all-time low seen in March 2020. Slow to broaden their parcel networks and at times in monetary trouble, conventional postal services in Europe are having a hard time to keep up with competitors from other parcel locker operators such as Poland's InPost or Amazon. In a statement, outgoing CEO Herna Vernhagen called...

Dutch postal operator PostNL cut its 2024 operating earnings projection for the second time on Monday, with its top executive mentioning less seasonal mail than expected in December and an unsustainable organization model. The Amsterdam-listed stock fell 3.2% in early trading. Slow to broaden their parcel networks and at times in financial difficulty, traditional postal services in Europe are having a hard time to keep up with competitors from other parcel locker firms such as Poland's InPost and Amazon. Immediate action to change the USO responsibilities (universal. service commitments) as well as a financial contribution from. federal government are inevitable...

Poland's InPost will invest an extra 600 million pounds ($ 731 million) by 2029 to broaden its operations in the UK, the UK federal government stated on Thursday. This will bring the parcel locker company's total investment in the UK to 1 billion pounds, supporting approximately 12,000 brand-new tasks, the government said in a declaration. InPost plans to broaden its network of automated lockers and logistics facilities in the country, the business said in a. declaration on Friday. The lockers, dubbed automated parcel devices or APMs, allow. customers to gather or drop off plans when it matches them. Britain is...

Parcel locker company InPost reported on Tuesday a 20% rise in fourthquarter volumes, driven by both its home market Poland and abroad. InPost, which aside Poland runs in eight countries, delivered 322.1 million parcels in the quarter, that included the hectic holiday. The business runs one of the most significant networks in Europe of pick-up drop-off (PUDO) points and automated lockers, dubbed automated parcel devices or APMs, that permit clients to gather or drop off plans when it suits them. InPost said that it added a record number of more than 11,500 APMs in 2024, bringing its network to 46,977...

Donald Trump's transition group is considering canceling the U.S. Postal Service's contracts to amaze its shipment fleet, as part of a more comprehensive suite of executive orders targeting electric automobiles, according to three sources acquainted with the strategies. The move, which might be revealed in the early days of Trump's administration that begins on Jan. 20, remains in line with Trump's project assures to roll back President Joe Biden's. efforts to decarbonize U.S. transportation to combat environment. modification-- a program Trump has stated is unneeded and possibly. harming to the economy. Reuters has previously reported that Trump is planning to....

An Indian antitrust examination has concluded there was no cost collusion between the domestic systems of delivery business DHL, United Parcel Service and FedEx, according to three sources and a file seen . The Competitors Commission of India (CCI) ordered an examination in 2022 into more than a lots shipment companies for alleged collusion on discount rates and tariffs and had reviewed thousands of emails to examine the fees business charged for airport services, Reuters reported in January. The case was filed by the Federation of Indian Publishers, which grumbled that international business, together with lots of domestic companies, were...

Silicon Valley startup Lyten revealed on Tuesday its strategy to construct the world's very first gigafactory for lithiumsulfur batteries in Reno, Nevada, as companies seek to capitalize on the need for more inexpensive source of power for electrical cars. With battery costs considerably affecting EV rates, automakers are increasingly searching for alternative innovations to make such cars available to a larger market. Lyten, backed by Chrysler-parent Stellantis and shipment providers FedEx, stated it would invest more than $1 billion in the center that would initially create 200 tasks, growing to more than 1,000 in northern Nevada. Nevada's Reno is also...

Parcel locker business InPost is in very innovative talks to purchase the 70% stake it does not currently own in British logistics firm Menzies, Sky News reported on Monday. InPost decreased to comment. Pointing out unnamed sources, SkyNews said the deal was most likely to be announced this week. InPost purchased a 30% stake in Menzies for 49.3 million pounds ($ 64.4 million) last year and has a three-year choice to purchase the staying 70%. InPost CEO Rafal Brzoska said last month the company would decide on whether to use the call alternative by the end of the year. The...

U.S. planemaker Boeing has prevented a possible strike after reaching a tentative labor offer with a union representing more than 32,000 workers in the U.S. Pacific Northwest, the latest in a series of labor negotiations that brought doubledigit wage boosts in spite of a tight labor market and stubborn inflation. Here are some sectors and companies that dealt with hard settlements in 2023: MEDIA. Members of the Writers Guild of America (WGA) approved a new. three-year agreement with major studios on Oct. 9. Movie and. television writers had walked off the job in May over. settlement, staffing and residual payments,...