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DHL Group has agreed to acquire Lithuania-based Venipak Group, folding its operating companies in Lithuania, Latvia and Estonia into DHL eCommerce. Venipak is one of the largest independent parcel operators in the Baltics, with about 800 parcel lockers and strong B2B/B2C delivery capabilities. The deal gives DHL full ownership in a fast-growing e-commerce region rather than relying on contractors, with plans to invest further in staff, lockers, sorting capacity and IT across

TRADE NEWS America is now on its third tariff regime in five months. The Section 122 surcharge—the flat 10% duty that has covered nearly every US import since February—expired last Thursday. Within the same minute, a new Section 301 tariff took its place. Section 122 was always a bridge, not a destination. It was rushed into place in February after the Supreme Court struck down Trump's original IEEPA tariffs, but it came with hard limits: a 15% ceiling, a 150-day maximum dura

UPS Q2 volumes fell as it finished exiting low-margin Amazon business, but revenue and profit both rose: revenue hit $22.8 billion (+7.6% YoY) and adjusted operating profit rose 12% to $2.1 billion ($1.76/share), beating estimates. Full-year guidance was raised to $91.2 billion in revenue and $8.6 billion in adjusted operating profit. Shares still fell 6.5% on soft second-half guidance and larger-than-expected volume losses. Over 18 months, UPS cut 2 million low-margin Amazon

On UPS's Q2 earnings call, CEO Carol Tomé said she is “not aware of any volume that we've lost” to Amazon Shipping, the e-commerce giant's delivery service that has been undercutting UPS and FedEx on price. Tomé argued Amazon's strengths lie in lightweight, short-distance urban deliveries, while UPS holds the edge “in every other place” and plans to lean into those segments with capabilities Amazon can't easily match. UPS posted year-over-year revenue growth in Q2. Tomé credi

The U.S. Postal Service has launched Local XChange, a new service that lets sellers drop off packages at smart parcel lockers for local buyers to pick up, avoiding an in-person meetup. Announced July 15, the service targets online marketplace transactions between people who live near each other. It costs $5.51 per package, is booked through Click-N-Ship, and lets sellers print a shipping label at home or at a smart locker location. About 700 post offices currently have smart

Federal prosecutors have indicted 12 people in an alleged cargo theft conspiracy targeting Nike's Memphis distribution center, accused of diverting at least $2 million in merchandise between July 2021 and June 2024. According to the indictment, Nike warehouse employees placed unauthorized UPS shipping labels on selected shoe cartons, redirecting them from Memphis to addresses around the country instead of their intended destinations. Prosecutors allege Roy Harvey Jr. generate