PepsiCo to Close Two Frito‑Lay Facilities in Florida, Lay Off 500 Employees The snack-giant PepsiCo has announced the shuttering of two Frito-Lay production sites in Florida as it realigns operations amid falling demand for processed snacks. This development signals a broader adjustment across the food manufacturing sector as companies recalibrate their supply chains and production […]
The United States and China reached a new trade agreement during a meeting in South Korea, easing some tariff tensions. Under the deal, the U.S. will cut tariffs on certain Chinese imports linked to fentanyl trafficking from 20% to 10%, starting November 10. Washington will also extend its pause on higher reciprocal tariffs and maintain […]
RXO Inc., a major U.S.-based freight brokerage and 3PL provider, is feeling the pressure as previously locked-in contract rates have become misaligned with today’s higher freight costs. During its latest earnings call, RXO’s management repeatedly referred to a “rate squeeze,” describing how the company’s contracted commitments to shippers are now out of sync with what […]
China-US trade tariffs are entering a new phase as Beijing officially announces the suspension of its 24% retaliatory tariff on U.S. goods starting November 10, 2025. The decision highlights a cautious shift toward easing trade tensions between the two largest economies, signaling potential changes for global logistics and freight flows. How the China-US Trade Tariffs […]
UPS Announces 5.9% Rate Increase and Higher Surcharges Starting December 22 UPS will raise its shipping rates by an average of 5.9% across ground, air, and international services beginning December 22, 2025. Alongside the general rate hike, the carrier is also increasing key surcharges, including additional handling and residential delivery fees, and updating delivery-area ZIP […]
The White House on Saturday released details about the agreement that U.S. President Donald Trump reached this week with Chinese President Xi Jinping to de-escalate their countries’ trade war, including U.S. tariff reductions and a pause in Beijing’s new restrictions on rare earth minerals and magnets. The deal, which also includes resumption of Chinese purchases […]
