——— POSTAL ———
The future of postal reform — or lack there of
Anyone reading the postal press may encounter references to “postal reform” and whether it will ever happen. People not in our industry may wonder just exactly what “postal reform” is and why its future is such an issue. Answering all this briefly may not be easy, but here goes. To read more…
The Massive fight over Sunday mail
A new union contract at UPS may allow the company to start delivering packages on Sundays, something Federal Express and the US Postal Service already do. Sunday mail service may be no big deal today, but historian Richard R. John writes that in the early days of the Republic it was an enormous issue. Read more…
——— LOGISTICS ———
Truck driver shortage could reach crisis levels for wood products
In the American Transportation Research Institute’s annual industry issues report for 2017, driver shortage topped the list of critical issues facing the industry for the first time since 2006. The industry was around 51,000 drivers short in 2017 – up from 36,000 in 2016 – and that number is projected to increase to a whopping 174,000 by 2026. Read more on why.
——— ECONOMY ———
Pound jumps after Brexit secretary quits
The pound was rallying Monday even as analysts warned the U.K. government was in danger of collapse after Brexit Secretary David Davis’s resignation.
The pound GBPUSD, +0.0226% was recently changing hands at $1.3335, up from $1.3287 late Friday in New York. It remains down for the year against the buck, having lost about 1.3%. It’s well below its 2018 peak near $1.44 and far under the $1.50 mark that it was trading around just before the U.K.’s June 2016 vote in favor of Brexit. Read more …
Supreme Court rules that states can require online retailers to collect sales taxes
The Supreme Court changed the landscape of online shopping Thursday, freeing state governments to compel retailers beyond their borders to collect sales-tax revenue from consumers and giving a boost to brick-and-mortar stores.
With the boom in Internet commerce increasing exponentially, the court’s 5-to-4 decision could have an impact on millions of Americans almost immediately. For years, avoiding sales tax was a prime perk of online shopping. Read more…