The delivery company said about 70 percent of the layoffs affected drivers and warehouse workers.
Category: Delivery Services
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A Tariff Loophole on Cheap Imports Has Closed. How Will It Affect Shoppers?
The end of the “de minimis” exemption — which allowed packages less than $800 to enter the U.S. tariff-free — is leading to confusion.
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Fearing Customs Chaos, DHL Joins Others in Suspending U.S. Shipments
The halt by one of the world’s largest couriers comes after President Trump eliminated an exemption on tariffs levied on imported goods valued under $800.
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$800 for a Credit Card? Why Your Premium Cards Will Cost More.
Credit card companies and airlines are in a race for customers who spend the most money — and that is making it harder for many other customers to score deals and perks.
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How a Chinese Brand Reshaped Hong Kong’s Food Delivery Scene
Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets.
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‘They Kept Coming’: Hundreds of Packages Pile Up Outside Woman’s Home
A year ago, misdirected Amazon returns began arriving at Karen Holton’s house in California. Eventually, she said, they were stacked so high that she could not easily use her door.
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Fred Smith, Billionaire Founder of FedEx, Is Dead at 80
His vision for how to ship packages overnight led to not just a new company, but also a new sector of the world economy and a now-familiar English verb.
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Chinese Companies Set Their Sights on Brazil
Confronted with tariffs and scrutiny in the United States and Europe, Chinese consumer brands are betting that they can become household names in Latin America’s biggest economy.
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DoorDash Plans to Buy Deliveroo and SevenRooms
The multibillion-dollar acquisitions would give DoorDash an expanded global presence.
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DoorDash Agrees to Buy Deliveroo in $3.9 Billion Deal
The acquisition would give DoorDash a presence in the Middle East and expand its footprint in Europe.
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How Trump’s Closing a Tariff Loophole Will Hurt UPS and FedEx
President Trump has ended a tariff loophole that generated lots of business for delivery companies shipping inexpensive goods from China to the U.S.
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Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
Starting Friday, goods from China worth up to $800 will be subject to tariffs and more paperwork under new Trump administration rules.