FedEx rides twin macro tailwinds to blowout quarter
EPS numbers nearly double analysts’ median estimates.
Stay Up to Date on the Parcel Industry
Unlike freight shipping, which moves goods in large quantities (whole truckloads or shipping containers, for example), parcel shipping moves individual goods essentially one at a time (usually by truck or plane). While both focus on the movement of goods, transportation methods, level of service, and cost can be very different between the two services. Freight is almost exclusively used by commercial shippers, while small- to medium-sized retail shippers usually use parcel freight.
Parcel delivery is a cost-effective, efficient, and fast option for businesses shipping items up to 150 pounds. And, unlike freight shipping, packages are delivered directly to a residential or business address. Check back here for the latest parcel freight industry news.
EPS numbers nearly double analysts’ median estimates.
Shares soar after hours.
(Updated Sept. 15, 10:20 A.M. ET with information on FedEx) Worsening smoke conditions prompted Alaska Airlines (NYSE: ALK to suspend all flights for 24 hours in Portland, Oregon, and Spokane, […]
Accessorial charges also to climb on dozens of services.
Company to open 100 buildings this month as demand spikes.
Amazon is pushing the envelope on fast delivery, increasingly replacing long-haul trucking with air transport. A new report shows how the retail giant is expanding its Air wing to do that.
USPack building last-mile scale through acquisitions.
Executive moves over from supply chain COO role.
COVID-19 could dramatically push up wage rates.
Amazon has outsourced aircraft operations again to long-standing vendor Air Transport Services Group. But Amazon is diversifying how it operates, adding an owned aircraft to its fleet.
Increases go into effect Oct. 18.
Walmart partners with drone delivery company Flytrex to deliver select items from its stores.
Lynx `Drivecam’ being tested in Texas and Oklahoma.
Company takes swipe at `opaque’ levies imposed by FedEx, UPS.
Whether you’re an employer looking to fill freight-related positions or a job-seeker, Freight.Careers.com is the go-to website.
Trucking jobs are up, but warehouse jobs are up even more
eBay sellers to have access to broader range of UPS services through integration initiative.
MD Logistics, a specialist in handling temperature-controlled pharmaceuticals, will operate as a subsidiary of the Japanese logistics services provider.
3PL’s MyParcel provides European e-commerce customers a scheduled, yet competitively priced shipping service between existing express and postal.
A survey by an IT company found delays and late deliveries worsened as the summer progressed.
Many postal services were underfunded prior to the coronavirus pandemic and now have extra demands for their service. UN agencies involved in air transport and postal operations want governments to help postal logistics with financial aid and operational flexibility.
Regional parcel carrier begins service in Durham, Research Triangle.
The flagship Japanese airline joins other transportation and technology providers to develop urban freight delivery capabilities with drones.
The famous meter has probably seen better days.
Walmart+ to offer free same-day deliveries on 160,000 items at $98 annual subscription.
FedEx and UPS prepare to slam their largest customers with big-time peak-season surcharges.
UPS is a modern-day version of the Pony Express, which operated its eastern terminal outside Kansas City. UPS is adding space at the Kansas City airport to park five aircraft wingtip to wingtip.
Hong Kong-based 3PL’s warehouse business suffers from shrinking inventories, but forwarding business saves the day, leading to $109 million first-half profit.
Carriers take no chances, shutting down stations as Laura does her business.
Google, Ware2Go to provide free deliveries for end users clicking on Google merchant ads.
On-time scheduling called out for allegedly resulting in trailer trucks dispatched empty.
DHL Supply Chain North America will provide three months of fully paid maternity leave starting Jan. 1 as part of a push to recruit, retain and promote women in its management ranks.
A ransomware attack has hit TFI International’s four Canadian courier divisions, targeting Canpar Express, ICS Courier, Loomis Express and TForce Integrated Solutions.
The House voted in a rare Saturday session to pass legislation that would provide $25 billion in emergency funding to the U.S. Postal Service (USPS).
Numerous rulings, some in conflict, could mean that the issue will head to the Supreme Court; underlying employee vs. contractor case not answered yet
Amazon will open 11 sites in Phoenix as part of a broad plan to get capacity online fast.
FedEx imposes peak season surcharges and takes different tack than UPS.
A total of 167 companies, including highest-ranked Cedar Grove, on this year’s roster
USPS holiday surcharges will hit merchants due to markups by large users.
USPS plans to raise parcel rates for high-volume commercial accounts.
Amazon.com delivered two-thirds of its parcels last month, an all-time high.
FreightWaves’ Mark Solomon, who has been covering the service for years, gives his take on the latest crisis.
The U.S. Postal Service doesn’t move the mail by itself. It relies on many transportation and logistics contractors. Cargo Forceis expanding operations to assist with express mail that is transported from airport-to-airport by another contractor – FedEx.
3PLs struggle to gain foothold in final mile, keeping them e-commerce outsiders.
Mesa Airlines flies small regional jets on small routes for mainline carriers. Now it’s stepping up a size to the Boeing 737 so it can haul cargo for DHL. Find out how they are getting ready for the new era of cargo.
The U.S. Postal Service said it has restored access to its online tracking system after an outage hit customers on Sunday.
The U.S. Postal Service’s online tracking system went offline on Sunday. It came two days after USPS announced an organizational overhaul
DeJoy affirms plenty of capacity for handling presidential election mail-in ballots.
UPS to impose a range of surcharges depending on volume.
USPS chief DeJoy says agency is in “financially unsustainable position absent significant fundamental change.”
Deutsche Post DHL saw a significant rise in e-commerce activity during the second quarter due to continued COVID-19 travel restrictions and retail store closures.
UPS’ quarterly results are much better than analysts anticipated.
Trump opposed CARES Act loan in May unless agency raised rates it charged Amazon
Amazon cargo planes will make daily deliveries to and from the company’s newest airport in Lakeland, Florida.
Although the driver only worked in Massachusetts, he’s an interstate commerce worker. That changes the rules for settling disputes with the retail giant.
“Tom Hanks’ work throughout his career reflects a deep respect for those who serve.”
Amazon’s Pflugerville fulfillment center will be located off State Highway 130, a rapidly expanding business corridor in central Texas.
With safety and travel logistics in mind, the annual AirCargo Conference, which draws up to 800 attendees, will take place online in 2021.
Deutsche Post DHL said preliminary second-quarter profits, despite the ongoing COVID-19 pandemic, have it less worried about the rest of the year.
Amazon acknowledged in 2017 that it had reported apparent violations to U.S. Treasury.
Amazon uses a lot of energy and emits a lot of pollution, but it is taking aggressive steps to be eco-friendly. Case in point: Amazon Air buying biofuel for its aircraft.
Global courier DHL Express parks its first mobile store at a mall in Silver Spring, Maryland, banking on offering convenience to area parcel shippers.
Etailers and online marketplaces are facing higher postal rates to import packages to the U.S. Find out what businesses can do.
FedEx Corp. posted a $334 million net loss for Q4 on Tuesday, but shares spiked on strong non-GAAP results.
Robots make work easier at Amazon fulfillment centers. Now, the robots are coming to Australia.
Cash-rich Amazon continues to find ways to spread the money around, this time with a $500 million payment to its workers and partners.
Amazon has been linked to several large real estate transactions this week, including the lease of a 1 million-square-foot facility in New York.
New DHL Express facility will benefit shippers across southern Germany with European and international freight deliveries.
The U.S. Postal Service (USPS) is fighting to keep its head above water amid staggering financial losses related to the coronavirus pandemic and the Trump administration’s refusal to grant the […]
French 3PL FM Logistic reports strong organic growth in its recent fiscal year as European expansion progresses. The company didn’t issue annual guidance due to COVID-19 uncertainty.
Deutsche Bank analyst Amit Mehrotra favors a few transportation stocks as the second quarter comes to a close.
It’s uncertain when UPS Inc. and FedEx Corp., which have imposed “temporary” surcharges on a portion of their U.S. residential deliveries to offset higher coronavirus-related costs, may lift the charges.
U.S. safety investigators will hold a hearing in July as they try to find out why a big cargo jet carrying Amazon packages crashed last year.
The safety of all motorists is paramount. An organizaton that is focused on the safety of truckers is Together for Safer Roads. Learn more about its mission and how it works.
The alliance between FedEx and Microsoft may change supply chains,. Brian Aoaeh explores the issues involved.
Amazon Air has gone from start-up to mid-size cargo airline in four years. By mid-decade, it is expected to be in air cargo’s major leagues.
The coronavirus exposed inefficiencies in almost every corner of life and business — including logistics.
Move follows UPS fees implemented a few days ago.
FedEx reported to be exploring alternative growth path in Europe through stake in German parcel company Hermes.
FedEx is experimenting with combining some elements of its Express and Ground units. Read about how that might affect the company.
Amazon will occupy a huge air cargo facility being built at San Bernardino Airport as it expands its private airline and air delivery network.
“Substantial” federal funding needed to maintain service, board chairman warns.
Selection from private sector feeds speculation of potential privatization of federal agency.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. A funny paradox says that there is a […]
UPS faces economic and other challenges in the wake of COVID-19.
Drones have taken on added importance with the coronavirus pandemic, offering ways to do tasks faster and without dangerous physical contact.
Customer service (in many forms) is the key to keeping and/or expanding business during the pandemic.
Leveraging data is the key to identifying supply chain transportation opportunities.
FedEx provides a rather dim near-term outlook on operations and announces cost savings and balance sheet actions to preserve liquidity.
Getting a handle on the extent of the walkouts is tough.
The USPS received a $10 billion line of credit in the U.S. Senate version of the coronavirus relief bill. What will the U.S. House of Representatives do?
Carol Tomé named new CEO at UPS. David Abney to retire at the end of 2020 after a 46-year career.
Chief Financial Officer Alan Graf to retire at year-end. Corporate Vice President and Treasurer Mike Lenz to assume the role in September.
Profitability is the key to any business staying in business. In trucking it is harder than in many other businesses. Chris Henry explores the “trucking profitability paradox.”
From small, medium to large, Drone Delivery Canada has an automated flying machine for multiple transport applications.
Texas-based TUYA has built a platform that helps B2B’s have real-time visibility over their product movement as they work with delivery companies.
Canadian transportation company puts its money to work after raising $230 million in U.S. IPO as it works to grow its logistics business.
Final-mile smart lock provider BoxLock announces $4.5 million funding round.
The National Treasury Employees Union tells House appropriators that Customs and Border Protection requires an additional 1,100 officers and staff to carry out its mission at the nation’s ports of entry.
The rapid growth in online retail sales and consumer demand for fast delivery is spurring construction of giant fulfillment centers.