Parcel Freight

UPS broadens network with double health care acquisition

UPS (NYSE: UPS) has completed an acquisition of Frigo-Trans and its sister company BPL, a leader in health care logistics solutions across Europe. Terms of the deal were not disclosed.

In a news release, the company said it is looking to enhance the end-to-end capabilities for UPS Healthcare customers, which have seen rising demand for temperature-controlled and time-cricial logistics solutions on a global scale.

“Frigo-Trans’ network includes temperature-controlled warehousing ranging from...

https://www.freightwaves.com/news/ups-broadens-network-with-double-health-care-acquisition

New York trucking group says Manhattan tolls burden industry

Monday marked the first weekday since the implementation of the first-of-its-kind congestion pricing program in New York City by Gov. Kathy Hochul, a move that is drawing protests from the Trucking Association of New York.

The program imposed tolls for entering or exiting Manhattan’s “congestion relief zone” starting Sunday. This zone covers streets and avenues at or below 60th Street, excluding the bordering West Side Highway, FDR Drive and Hugh L. Carey Tunnel main roads.

Hochul has said the...

https://www.freightwaves.com/news/new-york-trucking-group-says-manhattan-tolls-burden-industry

FedEx’s divestiture of LTL business marks end of conglomerate era

FedEx’s decision to spin off its LTL unit marks the end of an era that began nearly 30 years ago when major parcel carriers sought to provide comprehensive transportation solutions for their customers. This strategic shift reflects a changing landscape in the logistics industry and a return to core competencies for FedEx.

The journey began in the mid-1990s when FedEx acquired Viking Freight, a regional LTL carrier operating primarily in the Western United States. This move was soon followed by...

https://www.freightwaves.com/news/fedexs-divestiture-of-its-ltl-business-marks-the-end-of-the-conglomerate-era

FedEx to spin off LTL unit; lowers full-year guidance

FedEx announced Thursday it will move forward with a plan to spin off its less-than-truckload unit, FedEx Freight, into a separately traded public company. FedEx first floated the idea in June in conjunction with its quarterly report.

Under the new structure, FedEx (NYSE: FDX) will comprise of the company’s legacy air, ground and parcel segments, which generated $78 billion in revenue in its recent fiscal year ended May 31. The new business will house FedEx Freight, which is the largest LTL...

https://www.freightwaves.com/news/fedex-to-spin-off-ltl-unit-lowers-full-year-guidance

Teamsters have some legal issues to overcome after wins at Amazon and with DSPs

The Teamsters are claiming victory after organizing workers at a second Amazon warehouse, as well as a string of the e-commerce retailer’s direct service providers (DSPs).

But given the complicated nature of labor law today and the fact that the drivers of those vans now sweeping through neighborhoods don’t actually work for Amazon – at least not yet – it’s complicated.

The only successful Amazon-specific location where a union was voted in occurred on Staten Island, one of the five boroughs of...

https://www.freightwaves.com/news/teamsters-have-some-legal-issues-to-overcome-after-wins-at-amazon-and-with-dsps

DHL Express’ Miami air hub meets the moment for peak season

MIAMI – DHL Express’ parcel volumes during the peak season are expected to grow 1% year over year in the U.S. and 4% to 5% in Latin America, according to company officials. That growth wouldn’t be possible without the delivery company’s strategic air hub at Miami International Airport (MIA), which connects Central and South America, as well as the eastern Caribbean, to the rest of DHL’s global network.

DHL operates 14 daily flights from Miami with its Panama-based cargo airline DHL Aero Expreso...

https://www.freightwaves.com/news/dhl-express-miami-air-hub-meets-the-moment-for-peak-season

Priority Courier Experts acquires Indiana-based parcel courier

Same-day delivery company Priority Courier Experts (PCE) announced Tuesday it has acquired Now Courier.

Indianapolis-based Now Courier is a 38-year-old parcel and local delivery company serving the Midwest out of seven locations. It executes 4 million deliveries annually with a network of 250 drivers.

“I am excited for me and my team at NOW Courier to join forces with PCE and help bring new capabilities and solutions to the Indianapolis market,” stated Ryan Schwalbach, president of Now Courier,...

https://www.freightwaves.com/news/priority-courier-experts-acquires-indiana-based-parcel-courier

Philanthropy in trucking: Ways the industry gives back

Operating a successful trucking company takes a lot of money, labor, time and energy. But for some of the top competitors in the industry, it demands something else, too: a commitment to helping those in need.

As Americans enjoy a Thanksgiving weekend of turkey, pumpkin pie, football and togetherness, here is a roundup of just a few of the trucking businesses and nonprofit organizations that pay it forward year-round through all kinds of philanthropic initiatives.

Fighting breast cancer with XPO

Gr...

https://www.freightwaves.com/news/philanthropy-in-trucking-ways-the-industry-gives-back

Macy’s says lone worker hid up to $154M in delivery expenses since 2021

Department store retailer Macy’s, Inc., (NYSE: M) stated on Monday that an employee hid up to $154 million through intentional accounting errors since 2021.

In its preliminary third quarter 2024 results, the company reported it recently identified an issue related to delivery expenses on one of its accrual accounts. After starting an independent investigation and forensic analysis, the company identified one employee who was responsible for small package delivery expense accounting accrual...

https://www.freightwaves.com/news/macys-says-lone-worker-hid-up-to-154m-in-delivery-expenses-since-2021

Trucking Association of New York blasts revived NYC traffic tolls plan

New York Gov. Kathy Hochul announced the state would continue plans to enact congestion pricing tolls in New York City, drawing the ire of the Trucking Association of New York (TANY).

In a news release Thursday, Hochul said the plan would resume implementation in early January. This comes after the governor indefinitely paused the tolls after the TANY filed a federal lawsuit against the Metropolitan Transportation Authority (MTA) to halt them in May.

The reformulated plan lowers tolls by 40% from...

https://www.freightwaves.com/news/trucking-association-of-new-york-blasts-revived-nyc-traffic-tolls-plan

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