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US power emergency declared amid record heat; EU imposes €3 fee on low-value imports; FedEx nears $1.4B logistics sale

Market News
01 Jul 2026
Seeking Alpha
View Source
Neutral
pluang ai news

The US Department of Energy declared a power emergency for the PJM Interconnection grid due to record heat and high electricity demand, allowing plants to exceed environmental limits to prevent blackouts. Meanwhile, the EU started charging a €3 customs fee on low-value imports under €150, targeting Chinese e-commerce platforms to protect local businesses, with plans for category-specific duties from 2028. Additionally, FedEx is close to selling its third-party logistics business to CMA CGM for $1.4 billion, which could reshape its logistics operations.

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