Banggood Cuts Jobs As Crossborder Ecommerce Slows

Banggood Cuts Jobs As Crossborder Ecommerce Slows

Banggood, a well-known cross-border e-commerce seller in Guangzhou, is reportedly requiring employees to take early leave, with only 80% of the minimum wage paid the following month, raising concerns about the survival of cross-border e-commerce. Against the backdrop of a global economic downturn and high inflation, cross-border e-commerce companies face multiple challenges in supply chain and operations, urgently requiring transformation and upgrading. These difficulties highlight the pressures faced by businesses navigating a challenging economic climate and the need for adaptation to ensure long-term sustainability.

01/06/2026 Logistics Industry Insights
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Canada Post Union Agree on Tentative Fiveyear Labor Deal

Canada Post Union Agree on Tentative Fiveyear Labor Deal

Canada Post and its union have reached a tentative agreement, offering hope for resolving the ongoing labor dispute. The agreement includes wage increases, benefit improvements, and modifications to weekend parcel delivery. However, the deal is subject to ratification by union members. Stabilizing labor relations is crucial for Canada Post's future development. Continued innovation and service enhancements are necessary to address market competition and the ongoing digital transformation. This agreement represents a significant step towards achieving that stability and allowing Canada Post to focus on its long-term goals.

01/15/2026 Logistics
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US Economy Shows Resilience Despite Inflation Worries Bernstein

US Economy Shows Resilience Despite Inflation Worries Bernstein

Council of Economic Advisers Chair Bernstein analyzes the US economy through the lens of freight, emphasizing the importance of intermediate goods trade. He acknowledges the resilience of the job market but cautions about the risks of high prices. Bernstein highlights the government's commitment to balancing employment and inflation, with a focus on real wage growth. However, he emphasizes the need to address structural challenges to achieve stable economic growth and sustainable development. Continued efforts are required to navigate these complexities and ensure a balanced and prosperous economic future.

01/18/2026 Logistics Industry Insights
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Three US Rail Unions Reach Tentative Deal Easing Strike Fears

Three US Rail Unions Reach Tentative Deal Easing Strike Fears

A significant breakthrough has been reached in US railroad labor negotiations, with three unions and railway companies reaching a tentative agreement, potentially averting a potential rail transport disruption. The agreement is based on the Presidential Emergency Board's recommendations, including wage increases and lump-sum payments. However, vigilance is still required regarding the attitudes of other unions and the final ratification results to ensure a comprehensive agreement and safeguard economic stability. The deal aims to prevent a nationwide rail shutdown that could severely impact supply chains and the broader economy.

01/28/2026 Logistics
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West Coast Ports Secure Early Labor Deal Averting Strike

West Coast Ports Secure Early Labor Deal Averting Strike

The Pacific Maritime Association proposed a three-year contract extension to the International Longshore and Warehouse Union, aiming to avert another economic crisis caused by West Coast port labor disputes. The agreement covers key issues like wage increases, pension contributions, and healthcare benefits, but union approval faces challenges. Automation and regulation are long-term challenges requiring collaborative solutions between labor and management to achieve mutual benefit and ensure supply chain stability. The proposed extension seeks to maintain operational efficiency and prevent disruptions that could negatively impact the national economy.

01/29/2026 Logistics
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Japans Real Wages Fall Sharply As Inflation Persists

Japans Real Wages Fall Sharply As Inflation Persists

Japan's real wages plummeted in November, marking the largest drop this year, highlighting the continued erosion of household purchasing power under inflationary pressure. The Bank of Japan faces a dilemma between raising interest rates and stimulating the economy, making the spring wage negotiations crucial. Experts suggest that the government, businesses, and the central bank should work together through flexible monetary policy, proactive fiscal policy, and structural reforms to address the challenges and achieve sustainable economic growth. The collaborative effort is seen as essential to navigate the current economic complexities.

01/30/2026 Exchange Rate Query
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Fedex Cuts 843 Jobs Across Five Facilities

Fedex Cuts 843 Jobs Across Five Facilities

FedEx announced it will lay off 843 employees across five facilities in the coming months. The layoffs, impacting transportation hubs and supply chain facilities, are aimed at network consolidation, cost reduction, and adapting to evolving customer needs. The company will strive to help affected employees find internal job opportunities and continue investing in new technologies and innovation to improve operational efficiency and customer experience. This restructuring reflects FedEx's ongoing efforts to optimize its operations and navigate the changing logistics landscape.

01/28/2026 Logistics
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US Layoffs Rise As Job Market Shows Economic Strain

US Layoffs Rise As Job Market Shows Economic Strain

US layoffs in November decreased month-over-month but still rose year-over-year, reaching a new high since 2022. The total number of layoffs this year has surged, while hiring plans have shrunk dramatically to their lowest level since 2010. Macroeconomic factors, technological changes, and industry adjustments are the primary drivers. Individuals should enhance their skills, companies should prioritize employee development, and the government should introduce supportive policies to collectively address the employment challenges.

01/28/2026 Logistics Industry Insights
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California Port Truck Drivers Accuse NFI Subsidiary of Labor Violations

California Port Truck Drivers Accuse NFI Subsidiary of Labor Violations

A class-action lawsuit has been filed against California Cartage Express by port truck drivers in Los Angeles, alleging systemic labor rights violations. The lawsuit accuses the company of misclassifying employees as independent contractors and withholding wages. California Cartage Express has a history of labor-related lawsuits and penalties. Government intervention and a finding of violations could reshape employment practices across the port trucking industry. The outcome of this case could have significant implications for worker rights and the overall labor model within the sector.

01/29/2026 Logistics Industry Insights
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Amazon Sellers Struggle As Ecommerce Slowdown Hits

Amazon Sellers Struggle As Ecommerce Slowdown Hits

US furniture giant United Furniture collapsed, and European Eve Sleep went bankrupt. Amazon and Shopee are also implementing layoffs, signaling a cooling trend in cross-border e-commerce. This downturn presents challenges for sellers. They need to actively adapt and navigate these difficult times together to overcome the obstacles and weather the storm. Resilience and strategic adjustments are crucial for survival in this evolving landscape.

01/04/2026 Logistics Industry Insights
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