UPS in the spotlight: cutting jobs as it shifts away from Amazon amid tougher margins and shipments slowdown. UPS, founded 1907, is a global parcel and logistics giant.
Recent US employment data indicates a slowdown in job growth, with February's payrolls declining by 92,000 and the unemployment rate rising to 4.4%. The job market remains fragile amid global uncertainties, including geopolitical tensions and inflation concerns, with revisions to previous months' data highlighting ongoing volatility.
Major US airlines and cargo companies are calling on Congress to pass legislation ensuring TSA officers and other aviation workers are paid during government shutdowns. The ongoing partial shutdown has led to thousands of unpaid workers quitting, causing long security lines and travel disruptions ahead of spring travel peaks.
The USPS seeks an 8% increase on shipping rates from April 26 to January 17, 2027, to cover rising fuel and operational costs. The move follows warnings of imminent cash shortages and aims to provide temporary financial relief while awaiting regulatory approval.
The US job market showed signs of resilience in March with 178,000 new jobs added, surpassing expectations. However, ongoing geopolitical tensions and rising oil prices threaten future growth, with analysts warning of potential slowdown and increased unemployment due to the Middle East conflict.
Several logistics and shipping companies, including Amazon, USPS, UPS, and FedEx, have announced new fuel-related surcharges due to rising fuel prices caused by ongoing geopolitical conflicts. These surcharges aim to offset increased operating costs and are expected to impact consumer prices and seller margins starting from April 17, 2026.
A government panel has found evidence of child marriages, sexual abuse, and cover-ups within the Yavne'el Bratslav community. The report highlights systematic concealment of abuse and early marriages, with community members fearing retaliation for speaking out. The community's practices are linked to religious beliefs and cultural norms.
The USPS has proposed a rule to allow concealable firearms to be mailed domestically under safeguards similar to those for rifles and shotguns. The proposal has drawn opposition from about two dozen Democratic attorneys general who argue it would undermine state gun laws and enable access for people not legally permitted to possess firearms.