RTR: Germany arrests three people suspected of giving technology to China
REUTERS reports: Three Germans have been arrested on suspicion of working with the Chinese secret service ...
REUTERS reports:
The U.S. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 and said it will not breakeven next year as first-class mail fell to the lowest volume since 1968.
The Postal Service said revenue fell 0.4% to $78.2 billion results. U.S. Postmaster General Louis DeJoy said the loss includes $2.6 billion in inflation costs “above what we projected and what we were able to recover… We are not happy with this result.”
The agency has been aggressively hiking stamp prices and is in the middle of a 10-year restructuring plan announced in 2021 that aims to eliminate $160 billion in predicted losses over the next decade and had forecast 2023 as a breakeven year.
The full post is here.
Asia-Europe ocean trades a nightmare scenario – 'unless you're a carrier'
Flexport under fire as Peloton claims 'unfair D&D fees' cost it millions
News Podcast | May 2024 | Container shipping: a riddle, wrapped in a mystery, inside an enigma
Canadian government invokes 'red tape rule' to prevent rail strike
A 'carrier-controlled market' as spot rates rise and capacity tightens
Maersk raises surcharges as Red Sea risk expands and costs mount
Carriers juggling capacity and port congestion 'taking us back to the dark days'
Comment on this article