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May 21, 2025

Today in 1926
 The Railway Labor Act takes effect today. It is the first federal legislation protecting workers’ rights to form unions. ~ Labor Tribune

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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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