UPS Teamsters Strike Landmark Labor Deal

UPS Teamsters Strike Landmark Labor Deal

UPS and the Teamsters union reached a five-year agreement, a 'win-win-win' deal focusing on improved compensation and benefits, participation in technological changes, and operational optimization. The agreement aims to enhance employee satisfaction, ensure job security, and restore market confidence. Despite facing market competition and technological transformation challenges, UPS remains optimistic about its future development and strives to gain a competitive edge by maintaining stable labor relations. This agreement is crucial for navigating the evolving logistics landscape.

01/28/2026 Logistics
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US Rail Labor Talks Stalemate Risks Supply Chain Disruptions

US Rail Labor Talks Stalemate Risks Supply Chain Disruptions

Labor negotiations in the US railway industry are facing renewed turbulence, with internal divisions emerging within the railway unions, adding uncertainty to the already fragile supply chain. This article delves into the key points of the labor negotiations, the internal union disagreements, and the railway companies' responses. It proposes strategies for businesses to cope with supply chain uncertainties and calls for a win-win solution between labor and management to ensure the stable operation of rail transport.

01/28/2026 Logistics Industry Insights
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Djibouti Modernizes Customs Tariffs to Enhance African Trade

Djibouti Modernizes Customs Tariffs to Enhance African Trade

With support from the World Customs Organization and the European Union, Djibouti is updating its national tariff system to align with the international standard Harmonized System (HS). This initiative aims to enhance trade facilitation, increase fiscal revenue, improve international competitiveness, and promote sustainable development, ultimately positioning Djibouti as a new trade hub in Africa. The modernization of the tariff system is expected to streamline customs procedures and reduce trade barriers, contributing to economic growth and regional integration.

01/26/2026 Customs Knowledge
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Yellow Corp Bankruptcy Shakes Centuryold LTL Trucking Industry

Yellow Corp Bankruptcy Shakes Centuryold LTL Trucking Industry

The bankruptcy of Yellow Corp., the fifth-largest trucking company in the US, marks the fall of a century-old business, revealing a confluence of mismanagement, labor union conflicts, and market competition. This bankruptcy will reshape the less-than-truckload (LTL) market landscape, potentially leading to increased freight rates, but with limited impact on the overall supply chain. Going forward, market competition will intensify, with efficiency, service quality, and technological innovation becoming crucial factors for success.

01/28/2026 Logistics Industry Insights
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US Transport Giant Warns Trump Tariffs Threaten Economic Recovery

US Transport Giant Warns Trump Tariffs Threaten Economic Recovery

A major US transportation company is warning the Trump administration that continued tariff policies threaten economic recovery. Union Pacific CEO Lance Fritz points out that tariffs hurt corporate profits, raise prices, and could trigger broader economic damage. Business leaders are urging the government to be cautious with trade policies to avoid undermining America's competitiveness in the global economy. The escalating trade tensions and resulting tariffs are creating uncertainty and hindering investment, potentially slowing down the post-pandemic recovery.

01/28/2026 Logistics Industry Insights
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UK Urged to Cut Airport Costs Boost Aviation Postbrexit

UK Urged to Cut Airport Costs Boost Aviation Postbrexit

At a UK Transport Committee hearing, an IATA representative emphasized the critical importance of Heathrow Airport's role as an aviation hub post-Brexit. He advocated for reducing airport costs and optimizing airspace management. A balanced approach to night flights was also urged to ensure the long-term competitiveness of the UK aviation industry. The representative highlighted that maintaining Heathrow's hub status requires addressing these issues to support economic growth and connectivity after the UK's departure from the European Union.

01/27/2026 Logistics Industry Insights
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Bank of China Eases Money Transfers from China to Malaysia

Bank of China Eases Money Transfers from China to Malaysia

This article, from a data analyst's perspective, provides a detailed explanation of the process, methods, and fees associated with cross-border remittances from the Bank of China to Malaysia. It covers online and offline operation guides, comparisons of methods like telegraphic transfer/Western Union/SWIFT, and an analysis of the impact of handling fees and exchange rates. The aim is to provide users with a clear and practical reference for making informed cross-border remittance decisions.

01/30/2026 International Settlement
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Amazon Sellers Adapt to EU Battery Recycling Rules

Amazon Sellers Adapt to EU Battery Recycling Rules

This article provides Amazon sellers with a detailed guide on uploading EU Battery Regulation EPR compliance information. It covers steps for re-uploading and first-time uploading, along with frequently asked questions. The aim is to help sellers avoid product removal and penalties due to EPR issues, ensuring compliant operations in the EU market. This guide helps navigate the complexities of EPR, enabling sellers to maintain a seamless and compliant presence on Amazon within the European Union.

02/04/2026 Customs Knowledge
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EU and Mercosur Strike Trade Deal Amid Global Tensions

EU and Mercosur Strike Trade Deal Amid Global Tensions

Mercosur and the European Union have officially signed a free trade agreement, marking a crucial step towards one of the world's largest free trade zones. The agreement aims to eliminate tariffs on most goods, promote mutual recognition and harmonization of standards, counter trade protectionism, and reshape the global trade landscape. Ratification by the legislative bodies of both sides is still required for the agreement to take effect. The implementation of the agreement will face numerous challenges in the future.

02/05/2026 Customs Knowledge
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Decoding Andorras SWIFT Code for International Transfers

Decoding Andorras SWIFT Code for International Transfers

This article provides a detailed analysis of Credit Andorra bank's SWIFT code, CRDAADADXXX, explaining its structure and applicable scenarios. It emphasizes the importance of obtaining the correct SWIFT code for international money transfers and offers practical advice on how to acquire it and avoid errors. The aim is to assist users in successfully completing cross-border payments by ensuring the accuracy of the SWIFT code used for the transaction.

09/03/2025 International Settlement
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