UPS Cuts 20000 Jobs Closes Facilities As Amazon Shifts Demand

UPS Cuts 20000 Jobs Closes Facilities As Amazon Shifts Demand

In response to declining Amazon business volume, UPS plans to lay off 20,000 employees and close 73 facilities, aiming to save $3.5 billion through a "network restructuring" initiative. UPS will focus on high-margin businesses, increase automation investments, and actively explore new growth areas to adapt to changes in the logistics industry. This strategic shift is designed to improve efficiency and profitability amidst evolving market dynamics and reduced reliance on a single major client.

01/07/2026 Logistics
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Fedex Revamps Air Network Amid USPS Contract Shift

Fedex Revamps Air Network Amid USPS Contract Shift

FedEx is reshaping its air network due to the United States Postal Service contract shifting to UPS. The company will cut costs, adjust daytime flight capacity, and optimize operational efficiency. Experts anticipate FedEx will rapidly transform to address the challenge and leverage its global network, diversified services, and technological advantages to remain competitive in the post-USPS era. Facing macroeconomic, competitive, and geopolitical risks, FedEx needs to proactively respond to achieve sustainable development. The strategic adjustment is crucial for FedEx to maintain its position in the evolving logistics landscape.

11/03/2025 Logistics Industry Insights
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Amazon Sellers in Europe Hit by Trademark Fraud Scheme

Amazon Sellers in Europe Hit by Trademark Fraud Scheme

Recently, Amazon European sellers experienced a large-scale listing removal event, suspected to be triggered by malicious complaints due to "OIMG" trademark abuse. This incident is similar to the previous "Closhion" event, highlighting the severity of malicious competition in the cross-border e-commerce sector. Sellers should actively appeal to protect their rights and interests. The industry needs to strengthen supervision and self-discipline to build a healthy and orderly e-commerce ecosystem. This incident underscores the vulnerability of sellers to malicious attacks and the need for robust protection mechanisms.

01/04/2026 Logistics Industry Insights
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Banco GNB Paraguay Simplifies International Transfers With SWIFT Codes

Banco GNB Paraguay Simplifies International Transfers With SWIFT Codes

This article provides the SWIFT code BGNBPYPXXXX for Banco GNB Paraguay S.A. and details the procedures and considerations for cross-border remittances to this bank. It explains when to use the code, how to avoid common errors, and the information required to receive funds. The aim is to help users conduct international transfers safely and efficiently. This includes understanding the necessary beneficiary details and ensuring accurate information to prevent delays or complications in the remittance process.

09/02/2025 International Settlement
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Zimbabwe Adopts SWIFTBIC Codes for Smoother Global Transfers

Zimbabwe Adopts SWIFTBIC Codes for Smoother Global Transfers

This article provides the ultimate guide to SWIFT/BIC codes for international money transfers to Zimbabwe. It details the importance of SWIFT codes, methods to find them, frequently asked questions, and verification techniques. It also lists the SWIFT codes of major banks in Zimbabwe. This guide aims to help readers conduct international remittances safely and efficiently. It covers everything you need to know about using SWIFT codes for sending money to Zimbabwe, ensuring a smooth and secure transfer process.

09/02/2025 International Settlement
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