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January 26, 2026

Today in 2009
A handful of American companies announce nearly 60,000 layoffs today, as the recession that began during the George W. Bush presidency charges full-tilt toward what became known as the Great Recession.

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UPS, FedEx Once Handled a Deluge of Packages From China. That’s Changing.
Updated On: May 07, 2025
May 7, 2025 | ECONOMY | Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American consumers. Explosive” is how Carol Tomé, UPS’s chief executive, in July described the volume of shipments from e-commerce companies selling Chinese goods in the United States. And FedEx’s chief customer officer, Brie Carere, said about those companies in June, “No one carrier can serve their entire needs.” But that torrent is expected to slow to a trickle after President Trump on Friday closed a loophole that had allowed cheap goods from China to enter the United States without paying tariffs. A falloff in such shipments could deprive companies like UPS, FedEx and DHL of a big source of revenue. The New York Times
 
 
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