Topic: Parcel Express

The company explained that this investment comprises its major divisions—DHL Express, DHL Global Forwarding, DHL Supply Chain, and DHL eCommerce, in various ways, including enhancing infrastructure, expanding networks and capacity, and elevating service capabilities.

The Economic Outlook issued earlier this month by the Organization for Economic Cooperation and Development (OECD) stated that “global economic prospects are weakening with substantial barriers to trade, tighter financial conditions, diminishing confidence, and heightened policy uncertainty projected to have adverse impacts with growth.

The U.S. will levy a cumulative 55% tariffs on Chinese goods, comprised of 25% on the majority of products announced by the White House during Trump’s first term in office, as well the 20% tariffs related to stopping the flow of fentanyl into the U.S. and the 10% universal tariffs, and China would apply a 10% tariff on U.S. goods;

This ruling allows the tariffs to remain intact amid the ongoing appeals process.

What will be the final outcome on industrial transportation from the White House’s ever-changing position on freight tariffs? And how does your company make decisions with so much uncertainty about tariffs?

The May LMI reading, at 59.4, marked a 0.6% increase over April’s 55.8, while posting a 5.8% annual gain, as well as a 12.3% increase over May 2023’s 47.3. The impact of the aforementioned increased costs was evident in the report, as its authors explained inventory movements “slowed significantly compared to observations from earlier in the year.

A new report issued by Brookfield, Wis.-based supply chain consultancy and global third-party logistics (3PL) research provider Armstrong & Associates, in collaboration with the National Home Delivery Association, examines the current state of a key aspect of the last-mile delivery market, big and bulky last-mile delivery.

Not long after its key competitor, UPS, rolled out rate increases for several of its service offerings, Memphis-based global freight transportation and logistics services provider FedEx this week rolled out some rate increases of its own.

Logistics industry braces for prolonged legal battle over IEEPA, as tariff status whiplash complicates supply chain strategy and capital planning.

In its ruling, the U.S. Court of International Trade stated the President Trump had misused the International Emergency Economic Powers Act (IEEPA) of 1997, in steps he took to implement tariffs on various consumer and industrial products, which include the 10% global tariff on U.S. trading partners and also 25% tariffs placed on Canada and Mexico, and 30% tariffs on China.

The de minimis exemption, which allowed shipments under $800 sent from China and Hong Kong to the U.S. to not be subject to tariffs, and officially came to an end on May 2. With this change now in effect, it requires all shipments from these regions—regardless of value—to undergo full customs processing and be subject to applicable tariffs, as noted in various reports.

For UPS Ground Domestic and UPS Ground Saver, the average price per gallon at least $2.29 but less than $2.47 will have a 17.50% surcharge, with that scale rising per $0.25 for every $0.18, up to a 20.50% surcharge for an average price per gallon at least $4.00 but less than $4.09

Executives from San Diego-based parcel consultancy Shipware offered up some observations on this development, with Amazon and FedEx renewing business ties, following a June 2019 breakup, in which FedEx announced it made a “strategic decision” not to renew the FedEx Express U.S. contract with Amazon, as it focused on serving the broader e-commerce market.

Commerce reported that April retail sales, at $724.1 billion, were up 0.1% compared to March and up 5.2% annually. NRF reported that April’s retail sales which are based on Census data and exclude automobile dealers, gas stations, and restaurants, fell 0.1% on a seasonally-adjusted basis, from March to April, and rose 5.1% annually, on an unadjusted basis.

Following the United States and China announcing yesterday that they have agreed to drop substantial tariffs placed on each other for a 90-day period, through August 12, the White House announced later in the day, through an executive order, that it is lowering applied de minimis tariff rates placed on low-value imports under $800 imported into the United States from China and also Hong Kong.

Steiner will replace Louis DeJoy, whom resigned from the position in March, as well as current Acting Postmaster General Doug Tulino, whom USPS said will resume his role as Deputy Postmaster General and Chief Human Resources Officer. USPS added that Steiner is expected to come on board in July, pending the outcome of necessary background and ethics checks.

Under the terms of the agreement, the U.S. and China said in a joint statement that, effective May 14, U.S. tariffs on Chinese imports will drop from 145% to 30%, while China will cut its own tariffs on American goods from 125% to 10%. And President Trump’s 20% fentanyl-related tariff will stay in place, but most of the broader trade war measures will be temporarily relaxed. These changes will remain intact for 90 days, through August 12.

On the revenue side, the report found that 71% of respondents forecasted positive revenue growth, down 3% from the second quarter, and up 6% compared to the first quarter. And it added that 16% of respondents are neutral, up from 12% in the second quarter, with 14% negative, matching the second quarter.

The U.S. Department of Commerce labeled it a historic trade deal-providing unprecedented access to the U.K. markets while bolstering U.S. national security. And it added that the trade deal will usher in a golden age of new opportunity for U.S. exporters, establishing a long-sought level playing field for American producers. 

The Federal Reserve announced it again decided to maintain the target range for the federal funds rate at 4.25%-to-4.5%.