Logistics

The U.S.?Postal Service announced Thursday that it would temporarily?suspend payments from employers for a federal retirement program in order to conserve?cash during a severe financial?crisis. USPS informed the White House Office of Personnel Management on Friday that it would no longer be paying $200 million every two weeks for its employer contributions to the defined benefit component of the Federal Employees Retirement System. USPS warned on Thursday that it may run out of money as early as February if reforms are not implemented. USPS estimates it will save $2.5B with the?action through September 30, and says there won't be any...

FedEx and the union that represents more than 5,000 of its Pilots reached a tentative agreement on Wednesday. This paved the way for wage increases after years of negotiation. Since May 2021, FedEx and the Air Line Pilots Association have been in discussions. The union stated that under the tentative agreement, hourly wages for pilots would increase by approximately 40% in 2026. This would be followed by annual increases of about 3% between 2028 and?2030. First?officers could receive up to $102,500 in retroactive pay for the time they missed out on during negotiations. The union stated that "the tentative agreement...

FedEx Freight said on Wednesday that it expected average core profit growth in the range of 10% to 12% over the long term. This comes ahead of its first investor day, as the trucking giant nears the much-anticipated separation from its parent. FedEx's freight trucking division is on track to separate from the delivery firm?on 1 June into a publicly listed company. FedEx announced the move in December of 2024. Analysts claim that FedEx Freight assets were not fully appreciated by FedEx, and that it will expand if it is a separate public entity. The inaugural Investor Day is expected...

The International?Federation of Air Line Pilots' Associations said that pilots should be allowed to make a "final, non-negotiable decision" about whether or not they will fly over conflict zones. The IFALPA position paper was released on Monday. This comes at a time when the six-week long Iran war has reshaped the airspace in the Middle East, and increased disruptions of flights due to missile and drone attacks and interceptions. The Montreal-based IFALPA says airlines should be aware of how mental and emotional stress can arise in cockpits when operating in conflict zones. The?paper stated that the decision of the?Commander regarding...

These are the top stories from?Wall Street Journal. The?Wall Street Journal has not?verified?these stories, and does not vouch?for their accuracy. Anthropic plans to invest $200m in a new venture that will?sell AI to portfolio companies. - Broadcom will develop ?and supply custom artificial-intelligence ?chips for Google ?and additional computing capacity to Anthropic in an expansion of the strategic collaboration between the three companies. Amazon and the U.S. Postal Service has reached a new agreement to handle packages, which will?reduce Amazon's volume of packages by 20%. The 'Trump Administration' will increase payments to Medicare insurers next year by a staggering 2.48%....

Amazon.com announced a new deal with the U.S. Postal Service on Monday. Postal Service for package deliveries. Sources said that the cash-strapped postal service would retain about 80% of their 'existing deliveries' from its largest customer. This 20% reduction is much better for the postal service than the 2/3 or even larger cut that Amazon threatened last month. USPS warned that it may run out of money as early as October. Sources said that Amazon would continue to expand its delivery service, but not at a rate which would rival USPS's ability to deliver by address. First reported the deal....

U.S. Customs Agency said Tuesday that it is making progress in setting up a simplified process to refund some $166 billion?in tariff collection deemed illegal by Supreme Court. However, its new system could take as long as?45 days for review and processing?refund requests. Brandon Lord, a U.S. Customs and Border Protection representative, said in a filing to the U.S. Court of International Trade that development of a refund claims portal, review and processing system, and refund system are now between 60-85% complete. Lord did not specify a date when applications would be accepted, but the agency had previously indicated a...

The U.S. Employment Report next week will be a major economic event for investors. They'll also closely monitor the Iran War, which is now in its second month. The markets will continue to focus on the impact of the Middle East conflict that has slashed a large portion of oil supply. U.S. crude oil?is up over 60% year-to date to almost $100 a barrel. This has led to U.S. gas prices to?surge at $4 per gallon. This could squeeze consumer spending. Investors worried about inflation pushed benchmark Treasury yields to their highest level since last summer. This could put pressure...

Wall Street believes that strong corporate earnings will boost stock prices, which have fallen since the Iran War began. They also believe that oil?prices will surge, reigniting inflation fears. Oil prices have risen by?more than 30 percent since the beginning of the war at the end February. LSEG data shows that despite the turmoil, the expected earnings growth for the S&P 500 in the first quarter is 14%. This compares to a?14.4% growth at the beginning of the year, and a 12.4% increase in the October 1 estimate. "So much happens, but nothing is happening." In an interview, Krishna Chintalapalli...

The U.S. The U.S. USPS needs the Postal Regulatory Commission's approval for this temporary price increase. The surcharge, it said, will be a "bridge" to a permanent mechanism that will reflect the market conditions for prices of competitive products. This comes as USPS warned they could run out money as early as October. The increase will not affect first-class stamps. USPS reported that FedEx and UPS have imposed fuel surcharges between 25% and 28% on ground and air delivery since the beginning of the 'Iran War. This is due to the sharp increase in oil prices, including a rise in...

The union reported that United Parcel Service informed the International Brotherhood of Teamsters on Tuesday of its decision to withdraw their latest "driver buyout" scheme in the central region states. The decision comes after the delivery giant announced that it would proceed with its plan to?offer $150,000 buyout packages for its drivers, after a federal judge rejected the union’s bid to stop?its workforce cutting program based on concerns about contract violations. Teamsters sued UPS on February 9 for its January 27 announcement that it would cut up to 30 000 jobs and close 24 facilities in order to move away...

FedEx announced on Tuesday that it had launched a same-day delivery service in partnership with the last-mile software company OneRail. FedEx SameDay Local allows customers to choose from a variety of delivery options, such as two-hour and end-of-day windows. FedEx claims to link 'customers with a nationwide network of over?1,000 delivery providers via a system which matches orders and drivers. This?move is a result of?companies in the sector investing in faster fulfillment and a stronger last-mile network to meet increasing customer demand for quicker, more flexible deliveries. Amazon has expanded its fast delivery options earlier this month by launching one-hour...

DHL Express Europe's CEO Mike Parra stated on Thursday that the company will continue to invest in the Middle East despite the conflict in Iran, as the region plays a crucial role for its business over the long term. The Deutsche Post DHL Group has announced investments of more than 500 millions?euros (577 million dollars) in the Middle East, especially in Saudi Arabia and the United Arab Emirates. Parra, a journalist in Amsterdam, said: "Investments continue in the Middle East. We see the Middle East as having a key role for us from a long-term standpoint." The U.S. and Israeli...

The British money manager Aberdeen will vote against a proposed 7,8?billion euros ($9.25 billion),?takeover by a consortium led?by FedEx of the parcel locker company?InPost, claiming that the offer undervalues it materially. According to LSEG 'data, the firm holds a 0.2% share in InPost. It urged InPost to reconsider its support for the "unjustifiably" low 15.60 euros cash offer per share. According to an excerpt from a letter, Matthew Peacock is a research analyst with Aberdeen Investments. He said that the offer was opportunistic and aimed to exploit a temporary drop in the share price to the detriment of long-term shareholders....

Belgian postal operator Bpost, publishers DPG Media, Mediahuis and distributor PPP were 'held liable' for rigging public procurements for newspaper distribution, said the Belgian Competition Watchdog on Friday. Bpost, who had notified the authorities following an internal audit in 2022 that revealed signs of malpractice, would receive full immunity from any fines as part of a leniency program, said the regulator. The investigation cost Dirk Tirez, the then-CEO of the postal group, his job. In a press release, the regulator stated that the common goal of the companies was to make sure that bpost would receive the newspaper distribution concession...

The companies announced on Monday that a consortium led by FedEx investors and InPost investors had agreed to purchase the parcel locker business in a deal worth 7.8 billion euros ($9.2 billion). This will allow InPost to expand its reach throughout Europe, while giving FedEx the opportunity to access the locker network. The 15.60 euro offer price per share is a 17% premium over InPost's Friday closing price, but below InPost 2021 IPO's 16 euros. The Amsterdam-listed shares opened at a 14% increase, trading at highs of May 2025. Hein Pretorius is the chair of InPost’s supervisory board. He told...

InPost, a parcel locker company, said that it received a proposal on Tuesday for the potential acquisition of its entire shares. This pushed its share price sharply upwards. InPost declined to disclose the identity of the person who approached them, and said that it was not certain that the proposal would lead to a deal. The spokesperson for the company declined to comment. The company has never publicly stated that it was looking for a purchaser. InPost shares were up 16% as of 0823 GMT,? bringing the market value to approximately 6.7 billion euro ($7.86billion). On Monday, the company's stock...

The European stock market remained stable on Tuesday after a strong surge in the previous session. Higher precious metal prices lifted stocks of basic resources. The rally has remained resilient, as investors continue to rely upon expectations of economic strength despite increasing geopolitical tensions after U.S. attacks on Venezuela. The pan-European STOXX 600 index has gained 0.3% by 0814 GMT. This is a day after gains from defence and energy shares have propelled the index past 600 points for the first time. The index of basic resources rose by 1%, due to the higher price of precious metals. The?DAX in...

Bpost, the Belgian postal service, reported a surprise operating loss in its third quarter, due to seasonal weakness, and lowered its capital expenditure guidance for this fiscal year. The adjusted loss before taxes and interest was $3.5 million, compared to the profit of $10.3 million euros from a year ago. Analysts surveyed by the company expected a adjusted operating profit to be 6.7 million euro. The company reduced its forecast for gross capital expenditures to 140 million euros from 180 million euros earlier, and stressed the importance of disciplined spending in a gradual approach toward 2026. In a press release,...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Board of Directors co-opted Matthieu Chanel as an additional director. His appointment will be ratified at the next general meeting. PostNL NV Dutch postal and logistic company priced 300 million euro notes due October 2030. These will be issued at a 99.884 price and have a coupon rate of 4.000% per year. The proceeds of the sale will be used to finance general corporate needs, including refinancing. Marie Brizard Wine and Spirits SA In the first half, the French...

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...