Fedex USPS Renew Billiondollar Air Cargo Deal

Fedex USPS Renew Billiondollar Air Cargo Deal

FedEx and the United States Postal Service (USPS) have extended their air transportation agreement to 2024, valued at approximately $1.5 billion annually. This extension continues a long-standing partnership, ensuring efficient and reliable transportation of mail and packages for USPS while providing FedEx with a stable revenue stream. Experts suggest this agreement offers USPS lower costs and increased efficiency, reflecting the trend of strong collaborations within the logistics industry. The renewed contract solidifies the relationship between the two entities and their commitment to reliable delivery services.

01/19/2026 Logistics
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UPS Slashes 30000 Jobs to Cut Amazon Dependence Improve Margins

UPS Slashes 30000 Jobs to Cut Amazon Dependence Improve Margins

Logistics giant UPS announced 30,000 job cuts and the closure of 24 facilities to accelerate its shift away from lower-margin Amazon deliveries and towards higher-profit freight services. While the company anticipates a short-term revenue impact, it projects $3 billion in annual cost savings and more stable earnings growth. UPS will also advance a voluntary driver buyout program and restructure its freight network. This strategic move aims to improve profitability and long-term financial performance by focusing on more lucrative segments of the logistics market.

02/05/2026 Logistics
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Trucking Sector Shows Signs of Recovery Amid LTL Parcel Shifts

Trucking Sector Shows Signs of Recovery Amid LTL Parcel Shifts

The TD Cowen-AFS Freight Index Q1 report indicates emerging signs of recovery in the truckload market, with rising spot rates and tender rejection rates. Parcel shipping pricing strategies proved effective, with fuel surcharge adjustments generating revenue. LTL rates remained stable, but pricing discipline is showing signs of weakening. Overall, the market is complex and dynamic, with each transportation mode facing unique challenges and opportunities. The report highlights the need for shippers to closely monitor market trends and adjust their strategies accordingly to optimize costs and maintain service levels.

01/20/2026 Logistics Industry Insights
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Global Authorities Crack Down on Crossborder Tax Evasion

Global Authorities Crack Down on Crossborder Tax Evasion

This paper emphasizes the importance of customs-tax cooperation, analyzing intelligence sharing and joint enforcement mechanisms. The aim is to enhance fiscal revenue, safeguard the trade environment, and promote economic development. Effective collaboration between customs and tax authorities is crucial for combating illicit financial flows, preventing tax evasion, and ensuring fair trade practices. This collaborative approach strengthens border security, improves risk management, and ultimately contributes to a more stable and prosperous economy. The paper highlights the benefits of a coordinated strategy in addressing complex challenges in international trade and taxation.

02/03/2026 Customs Knowledge
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Austrian Post Reports Q1 Growth Despite Market Challenges

Austrian Post Reports Q1 Growth Despite Market Challenges

Austria Post's financial report for the first quarter indicates a slight revenue increase to €763.6 million, while operating profit fell by 7.6% to €48.4 million. The mail division experienced a 5.1% decline in revenue, whereas the parcel and logistics segment saw a 3.8% rise. Inflation has impacted performance, showing decent results in the Turkish market, but revenue has decreased in Southeast and Eastern European markets.

08/07/2025 Logistics
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WCO Aids Namibia in Upgrading Customs System ASYCUDA

WCO Aids Namibia in Upgrading Customs System ASYCUDA

The World Customs Organization, through its 'Accelerated Trade Facilitation Programme,' is leveraging the experience of the Zambia Revenue Authority to enhance the Namibia Revenue Agency's application capabilities of the ASYCUDA World system. This initiative aims to promote trade facilitation and economic growth. The program emphasizes a 'Customs-to-Customs' cooperation model, facilitating knowledge transfer and practical site visits to improve the operational efficiency of the Namibia Revenue Agency.

01/05/2026 Customs Knowledge
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Tanzania Boosts Customs Operations with Global Aid

Tanzania Boosts Customs Operations with Global Aid

The Tanzania Revenue Authority, with support from the World Customs Organization, launched a capacity building project to enhance HS code and valuation capabilities, fostering trade facilitation and revenue growth. The project utilizes expert guidance, customized training, and knowledge transfer to deepen expertise, build a training framework, explore the binding nature of tariff information, and strengthen risk management. Ultimately, it aims to increase tax revenue, promote trade facilitation, improve compliance levels, and enhance international competitiveness.

12/30/2025 Customs Knowledge
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Amazon Sellers Grapple With Tax Reporting Errors Under New Rules

Amazon Sellers Grapple With Tax Reporting Errors Under New Rules

Amazon's tax reports for sellers reveal discrepancies with backend data due to differing revenue calculation logic, transaction aggregation timing, and definitions of revenue and expenses. The report uses order-based data with shipment date as the key factor, resulting in a broader revenue scope. Sellers are concerned about increased tax burdens and seek compliance solutions. Wanliqing Cross-border offers local accounts, IP solutions, and tax services to assist sellers in compliant operations.

01/21/2026 Customs Knowledge
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Botswana Boosts Customs Audits with WCO Assistance

Botswana Boosts Customs Audits with WCO Assistance

The World Customs Organization (WCO) conducted a Post Clearance Audit (PCA) workshop for the Botswana Unified Revenue Service (BURS) to enhance its revenue administration capabilities. This activity, part of the Swedish government-funded Sida-WCO TFCM Programme, covered topics like risk management and customs valuation. The workshop aims to assist Botswana in increasing tax revenue, combating smuggling, and promoting trade facilitation and sustainable development. It focuses on strengthening BURS's ability to effectively conduct PCA and improve overall customs control.

01/20/2026 Customs Knowledge
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