UPS Faces Historic Strike As 330000 Workers Threaten Walkout

UPS Faces Historic Strike As 330000 Workers Threaten Walkout

Negotiations between UPS and the Teamsters union have broken down, potentially leading to a strike by 330,000 employees, which could become the largest work stoppage in US history. A strike would severely disrupt the supply chain, impacting online shopping for consumers and business operations. It is crucial for both parties to reach an agreement quickly to avoid significant economic losses. The potential disruption highlights the fragility of current supply chains and the importance of successful labor negotiations.

11/03/2025 Logistics
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Importers Bear Customs Inspection Fees Rules Clarified

Importers Bear Customs Inspection Fees Rules Clarified

Flexport clearly states that customs inspection fees are borne by the importer, including inspection fees, service fees, transportation fees, and storage fees. LCL shipments are allocated proportionally. It is recommended to ensure compliant declarations, choose a reliable freight forwarder, purchase insurance, and pay attention to customs policies to reduce the risk of inspection and economic losses. Being proactive in these areas can help importers navigate the complexities of customs procedures and minimize unexpected costs associated with inspections.

11/03/2025 Customs Knowledge
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Maersk Opens Largest Southeast Asia Logistics Hub in Philippines

Maersk Opens Largest Southeast Asia Logistics Hub in Philippines

Maersk has opened its largest distribution center in the Philippines, named 'Optimus.' Covering 100,000 square meters, it aims to be a logistics hub for Southern Luzon. Equipped with advanced technology, the center supports multiple industries and is committed to sustainability. Optimus will enhance the Philippines' import and export operations, fostering local economic growth. This strategic investment by Maersk underscores the Philippines' growing importance in the global supply chain and its potential as a key player in Southeast Asian logistics.

11/03/2025 Logistics
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Port of New York and Jersey Secures Record Funds for Green Shift

Port of New York and Jersey Secures Record Funds for Green Shift

The Port Authority of New York and New Jersey secured a record-breaking $347 million in federal funding for clean port initiatives, bolstering its sustainability efforts. The funds will support the transition to zero-emission equipment, the construction of shore power infrastructure, community engagement, and air quality monitoring. This investment will help the port achieve its 2050 net-zero emission target and solidify its position as both an economic engine and a model for green ports.

11/03/2025 Logistics
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Truck Cargo Insurance Essential for Business Protection

Truck Cargo Insurance Essential for Business Protection

Cargo insurance for trucking provides protection for goods in transit, covering risks such as natural disasters, traffic accidents, and cargo abandonment. For transportation companies and truck drivers, purchasing this insurance effectively transfers risk, protects economic interests and business reputation, and ensures peace of mind during transportation. It safeguards against financial losses caused by unforeseen events, allowing businesses to operate with greater security and confidence. This coverage is crucial for mitigating potential disruptions and maintaining a stable supply chain.

11/03/2025 Logistics Encyclopedia
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Guide to Socit Gnrale SWIFT Codes in France

Guide to Socit Gnrale SWIFT Codes in France

The article presents the SWIFT codes for various branches of Société Générale in France and discusses their importance. It provides a reference table for queries and explains why the correct use of SWIFT codes is crucial for international remittances. Additionally, it notes that even if a branch is not listed, cross-border payments can still be completed using the SWIFT code of the global headquarters.

08/11/2025 International Settlement
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Air Cargo Industry Faces Key Trends and Challenges Ahead

Air Cargo Industry Faces Key Trends and Challenges Ahead

In a conversation with Brandon Fried, Executive Director of the Alpha Airline Association, the key trends and challenges currently facing the air cargo industry were discussed. This includes the recovery of freight volumes, the impact of tariffs, the FAA's workforce situation, and the outlook for the peak air cargo season in 2025. These insights provide significant reference points for understanding the future changes in the industry.

08/07/2025 Logistics Industry Insights
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Banco Credicoop Simplifies SWIFT Codes for Global Transfers

Banco Credicoop Simplifies SWIFT Codes for Global Transfers

This article provides a detailed explanation of how to use the SWIFT/BIC code for Banco Credicoop in Argentina. It emphasizes the importance of BCOOARBAXXX as the primary code and reminds users to confirm the code with the recipient or bank before initiating an international money transfer to ensure a smooth transaction. The article also offers an overview of Banco Credicoop's banking information for easy reference.

09/02/2025 International Settlement
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Guide to SWIFTBIC Codes for Greek Bank Transfers

Guide to SWIFTBIC Codes for Greek Bank Transfers

This article provides a detailed explanation of the importance and retrieval methods of SWIFT/BIC codes for Greek banks. It offers a reference list of major bank codes and answers frequently asked questions. The aim is to assist readers in conducting cross-border transfers efficiently and securely, avoiding delays or losses caused by incorrect codes. Understanding these codes is crucial for smooth international transactions involving Greek banks.

09/02/2025 International Settlement
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USD Volatility Against Swedish Krona Sparks Market Attention

USD Volatility Against Swedish Krona Sparks Market Attention

According to the latest exchange rate, 100 US dollars is approximately equivalent to 948.06 Swedish Krona. The article emphasizes that this exchange rate is a market average and is for reference only. When actually converting currency, it's important to pay attention to real-time exchange rates and quotations from different channels. Factors such as transaction fees should also be considered to choose the most suitable exchange method.

09/01/2025 Exchange Rate Query
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