📉 They might be right.
FedEx’s sales forecast was full of cost-cutting measures after Q1 profits showed poor performance. FedEx leadership then warned that the slowing business due to inflation and the aftermath of a pandemic eCommerce explosion signals a difficult journey ahead and declining shipping demand.
A federal judge has put the brakes on JetBlue Airways' acquisition of Spirit Airlines, a deal valued at $3.8 billion, stating that it would negatively impact price-sensitive consumers by removing the discount carrier from the market.
Parcel consultants anticipate significant rate increases of 6% to 10% in base rates and accessorials charges for 2024.
UPS Ground, Air, and International services will launch the rate hike beginning on December 27th.
Compared to September 2021, energy and food costs have risen by 6.6% - this is the quickest jump in forty years.
The federal government is stepping in to help mediate labor talks between FedEx Express and Air Line Pilots Association, International (ALPA).
The U.S. Postmaster General Louis DeJoy is looking to transform the government agency into a major competitor with private carriers such as FedEx and UPS. But will these changes be in vain?
FedEx has given the world a wild warning of a global recession, but is that really the issue?
They might be right. FedEx’s sales forecast was full of cost-cutting measures after Q1 profits showed poor performance.
FedEx global volume is reportedly down after the Q1 update, says President and CEO Raj Subramaniam.
FedEx Ground is biting back.
How did it get this volatile? Well, depends on who you ask.
One of FedEx Ground’s largest contractors, Spencer Patton, has publicly warned that he will cease deliveries for the company beginning on Black Friday if delivery provider contracts aren’t adjusted to fleet inflationary pressures.
FedEx’s President and CEO John Smith seems to have struck a nerve.
FedEx Corporation’s ground unit chief, John Smith, released a memo last week that has upset some of its 6,000 independently run companies used for deliveries.
FedEx Corp. is reducing delivery service on Sundays now that e-commerce spending begins to slow in the post-pandemic market.
FedEx Ground contractors are banding together to demand higher per-stop pay before the peak season comes around.
A total of 56% of 153 localities surveyed claim they are prioritizing road safety, and an additional 60% said they will be working on water projects.
The General Motors technology startup BrightDrop has sent its first 150 electric delivery vehicles to FedEx Corp. signaling the beginning of the company’s mission to decarbonize last-mile deliveries.
Investors have been voicing concerns over China’s Covid-related lockdowns and growing labor costs for the company.
Their collaboration had spanned almost six months and the new commercial lane in Texas is expected to have a successful launch.
The U.S. Department of Transportation has allocated a whopping $292 million in federal funding to support infrastructure projects aimed at enhancing truck drivers' access to safe parking.