Parcel

US parcel revenue sees first decline in 7 years, report finds

U.S. parcel revenue has seen the first decline in seven years despite increased parcel volume, according to an annual report from Pitney Bowes.

The U.S. Parcel Shipping Index, released Wednesday by the global shipping and mailing company, highlighted 2023’s shifts in the carrier-competitive landscape and consumer behaviors. U.S. parcel revenue fell 0.03% from $198.4 billion in 2022 to $197.9 billion last year despite a slight parcel volume increase of 0.05% from 21.5 billion in 2022 to 21.7...

https://www.freightwaves.com/news/us-parcel-revenue-sees-first-decline-in-7-years-report-finds

Are we in an unprecedented parcel rate war?

Parcel-delivery industry pundits predicted at the start of 2023 that it would be the year of the shipper. For the most part, that forecast has come to pass. Now as 2024 begins to come into fuller view, indications are that shippers will be in even higher cotton than they are in 2023, or for that matter, in the past four years or longer.

The two national carriers, FedEx Corp. (NYSE: FDX) and UPS Inc. (NYSE: UPS), are pushing discounts that are extraordinary in their depth and breadth, according...

https://www.freightwaves.com/news/are-we-in-an-unprecedented-parcel-rate-war

Creating a new, nimble parcel world

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This article was originally published in the second issue of FreightWaves’ Supply Chain Playbook.

Parc...

https://www.freightwaves.com/news/creating-a-new-nimble-parcel-world

White Paper: How to become a shipper of choice during peak 2023

Körber’s transportation consulting experts offer six detailed ways shippers can improve their relationship with all their carriers. Plus, Tips for a smoother peak 2023.

Although carriers face the issue of declining demand, with consumers tightening their belts as cost-of-living rises, it won’t deter carriers from wanting their business to run on a tight schedule to meet delivery demands.

Being a shipper of choice should be a long-term strategy.

Balancing delivery expectations and performance...

https://www.freightwaves.com/news/white-paper-how-to-become-a-shipper-of-choice-during-peak-2023

FedEx Freight adds returns to home delivery portfolio

FedEx Freight, FedEx Corp.’s less-than-truckload unit, said Friday that it has added returns to the services offered by its FedEx Freight Direct business, which handles residential and commercial deliveries of big and bulky items ordered online.

The returns service will be available for pickups that don’t require appointments, or have two-hour appointment windows, the FedEx (NYSE: FDX) unit said. Pickups can be made outside of a location, inside a garage, and inside the first ground-level room...

https://www.freightwaves.com/news/fedex-freight-adds-returns-to-home-delivery-portfolio

Parcel carriers made good on peak delivery commitments, ShipMatrix says

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The nation’s three leading parcel-delivery carriers performed well during the peak holiday shipping...

https://www.freightwaves.com/news/parcel-carriers-made-good-on-peak-delivery-commitments-shipmatrix-says

UPS extends residential delivery surcharges beyond peak season

In an unprecedented move, UPS Inc. will impose U.S. residential delivery surcharges beyond the peak delivery season instead of letting the levies fall away in mid-January.

The Atlanta-based carrier has also done away with the word “peak” in its description of surcharges and will now just call them “demand” surcharges. The carrier’s rationale is that the two words can be used interchangeably. 

In a statement, UPS said the surcharges “help protect our network and ensure UPS receives appropriate...

https://www.freightwaves.com/news/ups-extends-residential-delivery-surcharges-beyond-peak-season

Bad weather to delay more than 10 million holiday packages, consultancy says

More than 10 million holiday packages did not reach their destinations on Friday nor will they reach their destinations by Christmas Eve, casualties of the weather nightmare ensnaring more than half of the country, consultancy ShipMatrix Inc. said Saturday.

The bad weather, which has caused delays at parcel carriers’ East Coast and Midwest air and ground hubs, and has made driving slow and treacherous across the nation’s roads and highways, means that about 15% of deliveries scheduled for Friday...

https://www.freightwaves.com/news/bad-weather-to-delay-more-than-10-million-holiday-packages-consultancy-says

The leap of faith at FedEx

FedEx Corp. has managed through multiple “show-me” moments in its half-century of operations. But none may be as important as what transpired Tuesday night.

FedEx’s (NYSE: FDX) fiscal 2023 second-quarter results, coming on the heels of a first quarter that included a pre-announcement of shockingly bad numbers, were important in trying to convince analysts, investors and the transportation community that the business either has been stabilized, albeit at what would be considered...

https://www.freightwaves.com/news/the-leap-of-faith-at-fedex

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