FedEx and UPS to refund billions in tariff payments
#TariffRefunds #ShippingNewsFedEx and UPS will refund customers for tariffs paid under Trump's invalidated IEEPA law. Government refunds start May 11, but companies may wait 60–90 days. Customers must use the CAPE portal, with Phase 1 covering payments from January 30, 2026. read more
FedEx and UPS promise tariff refunds to customers
#TariffRefunds #ShippingNewsFedEx and UPS will refund customers for tariffs paid under Trump's struck-down IEEPA order. Government refunds start May 11, but companies may wait 60-90 days. Customers must use the CAPE portal. UPS collected $5 billion in tariffs. read more
#BaltimoreBridgeCollapse #ShippingNews
First cargo ships pass through newly opened deep-water channel in Baltimore after Francis Scott Key Bridge collapse. Vessels, including a bulk carrier and a vehicle carrier, have successfully navigated the temporary channel, with more expected to follow. read more