PostalMag

Stord acquires UPS specialty warehouse business for e-commerce logistics

Omnichannel fulfillment provider Stord has acquired Ware2Go, an on-demand warehousing and fulfillment network, from UPS, the companies announced on Monday.

The deal gives the Atlanta-based startup an additional 21 e-commerce warehouses, with a total capacity of 2.5 million square feet of storage space, allowing it to expand much more quickly into new markets to meet growing demand from e-commerce brands. Stord has an extensive network of fulfillment centers concentrated in 11 major metropolitan...

https://www.freightwaves.com/news/stord-acquires-ups-specialty-warehouse-business-for-e-commerce-logistics

House considers universal de minimis ban as fees on China parcels ease

The Trump administration this week rolled back the duty for small-dollar shipments from China and Hong Kong as part of tariff deescalation with China, while a House committee advanced legislation to permanently end the duty-free “de minimis” exemption from all countries. 

President Donald Trump’s executive order lowering new 145% tariffs on Chinese goods to 30% for 90 days represents a reprieve for popular Chinese shopping platforms and other e-tailers that ship parcels directly from the factory...

https://www.freightwaves.com/news/house-considers-universal-de-minimis-ban-as-fees-on-china-parcels-ease

DHL eCommerce to merge with UK courier Evri

Global parcel logistics powerhouse DHL announced Wednesday it is taking a significant minority stake in Evri, a large dedicated parcel delivery company in the United Kingdom, and will merge its e-commerce division with the company.

The deal combines Evri’s specialty courier capabilities with the scale of DHL eCommerce’s U.K. and international networks, and brings Evri into the business letter market for the first time. The companies touted their ability to provide small and medium enterprises...

https://www.freightwaves.com/news/dhl-ecommerce-to-merge-with-uk-courier-evri

Amazon taps FedEx for big-and-bulky residential deliveries

Six years after breaking up, Amazon and FedEx are back together. The retail giant has reached a long-term agreement with FedEx to provide limited residential package delivery, the companies have confirmed.

Amazon (NASDAQ: AMZN) recently added FedEx (NYSE: FDX) to its roster of vendors providing last-mile transportation of goods purchased on its marketplace, Amazon said in a statement provided by spokesman Steve Kelly. “FedEx joins our other third-party partners, like UPS and the U.S. Postal...

https://www.freightwaves.com/news/amazon-taps-fedex-for-big-and-bulky-residential-deliveries

Accounting change, higher labor costs drive $3.3B Postal Service loss

U.S. Postal Service results took a turn for the worse in the second quarter, with net loss more than doubling to $3.3 billion from $1.5 billion year over year, primarily due to accounting adjustments for mandated workforce benefits. The negative growth comes on the heels of a rare profit in the first quarter.

The adjusted loss, which excludes nonoperating expenses the agency can’t control, also more than doubled to $848 million from $317 million for the same quarter last year. In the first...

https://www.freightwaves.com/news/accounting-change-higher-labor-costs-drive-3-3b-postal-service-loss

US Postal Service belongs under executive branch

By Satish Jindel

(The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.)

Some may question whether President Donald Trump’s method of hastily smashing apart government agencies will actually bring about proclaimed reforms, but his view on moving the U.S. Postal Service under the executive branch, and privatizing it at some point, has merit.

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https://www.freightwaves.com/news/us-postal-service-belongs-under-executive-branch

Postal Service board names FedEx official as CEO before vetting complete

The U.S. Postal Service’s governing body on Friday announced it has selected FedEx board member David Steiner to be the nation’s 76th postmaster general and CEO, raising concerns from major unions about potential conflicts of interest and the Trump administration’s influence over the decision.

Steiner will succeed Louis DeJoy, who also came from the logistics sector and left office in March over reported disagreements with the White House about how much control to relinquish to a budget-cutting...

https://www.freightwaves.com/news/postal-service-board-names-fedex-official-as-ceo-before-vetting-complete

DHL to close Southern California warehouse, lay off 346

The contract logistics unit of DHL will lay off 346 workers and close a distribution center in Ontario, California, by the end of August, according to a notice the company filed with California’s Employment Development Department. 

DHL Supply Chain is leaving the warehouse because an undisclosed customer is relocating part of its distribution operations, spokeswoman Marcia McLaughlin confirmed in an email. The facility will begin to wind down operations on July 1. 

“DHL Supply Chain has been...

https://www.freightwaves.com/news/dhl-to-close-southern-california-warehouse-lay-off-346

Trump supports FedEx official for Postal Service chief, report says

The U.S. Postal Service’s governing board plans to select FedEx board member and former Waste Management CEO David Steiner as the next postmaster general after he was approved by President Donald Trump, according to an exclusive report by The Washington Post.

The newspaper said FedEx, which competes and partners with the Postal Service on package delivery, pushed Steiner before the White House as a candidate for the job. Last year, the mail service replaced FedEx with UPS on a major contract to...

https://www.freightwaves.com/news/trump-supports-fedex-official-for-postal-service-chief-report-says

DHL acquires US e-commerce logistics business IDS Fulfillment

The supply chain unit of German parcel and logistics giant DHL has acquired IDS Fulfillment to bolster its e-commerce service offerings to small and midsize customers in the United States, the company announced on Tuesday.

The deal brings more than 1.3 million square feet of public warehouse and distribution space under the DHL umbrella, including facilities in Indianapolis, Salt Lake City, Atlanta and Plainfield, Indiana, where IDS is headquartered. DHL Supply Chain also gains a diverse...

https://www.freightwaves.com/news/dhl-acquires-us-e-commerce-logistics-business-ids-fulfillment

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