Satish Jindel

UPS reports higher volume diversions due to labor unrest

UPS Inc. said Thursday that more daily volumes were diverted to rivals during volatile contract negotiations with the Teamsters union than it expected and that it has recaptured about 40% of the lost business.

The Atlanta-based company said that about 1.5 million daily parcels were diverted due to customer concerns over a possible Teamsters strike that never materialized. That is higher than the company’s original diversion estimate of 1.1 million parcels. 

About 600,000 parcels have returned to...

https://www.freightwaves.com/news/ups-reports-higher-volume-diversions-due-to-labor-unrest

FedEx Ground acts to appease contractors by Sunday delivery suspension

If FedEx Corp.’s (NYSE: FDX) ground-delivery unit wanted to extend an olive branch to driver contractors concerned about rising costs and slowing volumes, while at the same time protecting its competitive flank, it could have done worse than suspending Sunday deliveries across part of its nationwide network.

Late Thursday, FedEx Ground said it would halt Sunday residential delivery services as of mid-August in what it described as “lower-population” markets where shippers would not be greatly...

https://www.freightwaves.com/news/fedex-ground-acts-to-appease-contractors-by-sunday-delivery-suspension

FedEx launches long-awaited operational integration

FedEx Corp. said Wednesday it has launched a long-awaited strategy to integrate all of its operations, a move that signals the end of the operationally siloed business model that was the hallmark of FedEx’s first 50 years.

The strategy, Network 2.0, will cost about $2 billion to implement over the next five years, company executives said during a meeting of analysts and investors at its Memphis, Tennessee, headquarters. If all goes according to plan, it will add $2 billion to FedEx’s (NYSE: FDX)

https://www.freightwaves.com/news/fedex-launches-long-awaited-operational-integration

En FedEx, ¿se pondrá una nueva persona la corona de CEO?

Photos of two men on a picture of FedEx trucks.

Los planes de sucesión en las empresas pueden ser complejos. En FedEx Corp., una empresa de 90.000 millones de dólares que ha sido dirigida por su fundador durante 51 años, lo es aún más.

Pero el momento de la sucesión puede llegar pronto, según un destacado consultor que tiene una larga trayectoria en FedEx. A finales de 2022, y quizás ya en su reunión de inversores y analistas del 28 y 29 de junio, el gigante con sede en Memphis, Tennessee (NYSE: FDX) podría anunciar que el fundador,...

https://www.freightwaves.com/news/en-fedex-se-pondra-una-nueva-persona-la-corona-de-ceo

At FedEx, will a new person wear the CEO crown?

Corporate succession plans can be complex creatures. At FedEx Corp., a $90 billion company that has been run by its founder for 51 years, it is even more so.

But the time for succession may soon be coming, according to a prominent consultant who has a long history with FedEx. By the end of 2022, and perhaps as early as its investor and analyst meeting on June 28 and 29, the Memphis, Tennessee-based giant (NYSE: FDX) could announce that founder, Chairman and CEO Frederick W. Smith (at left in...

https://www.freightwaves.com/news/at-fedex-will-a-new-person-wear-the-ceo-crown

Holiday parcels should be under the tree on time, ShipMatrix says

Nervous online shoppers can relax. Parcel Santa is almost guaranteed to be on time for Christmas.

That’s the view of consultancy ShipMatrix, which on Thursday posted its last weekly on-time delivery report card before Christmas Day for FedEx Corp., (NYSE: FDX), UPS Inc. (NYSE: UPS) and the U.S. Postal Service, the three national carriers handling business-to-consumer (B2C) shipments. Parcels tendered in accordance with UPS’ shipping deadlines have a 99.5% certainty of arriving by Christmas Eve,...

https://www.freightwaves.com/news/holiday-parcels-should-be-under-the-tree-on-time-shipmatrix-says

Postal Service stands out in latest peak delivery performance report

The three major parcel carriers’ peak-season delivery performances for the week ending Dec. 11 were roughly in line with the prior week’s levels, while the U.S. Postal Service reported the best year-over-year improvement, according to data published Friday by consultancy ShipMatrix Inc.

From Dec. 5-11, the Postal Service clocked in with an on-time rate of 95%, up from 87.5% during the same period in 2020 though slightly below the prior 2021 week. UPS Inc. (NYSE: UPS) reported a 95.8% on-time...

https://www.freightwaves.com/news/postal-service-stands-out-in-latest-peak-delivery-performance-report

Should FedEx, UPS care about the LaserShip-OnTrac merger?

FedEx and UPS delivery vans.

Depending on how the holiday season pans out, FedEx Corp. and UPS Inc. will get close to $200 billion in combined annual revenue by the time they finish their reporting years: UPS’ on Dec. 31 and FedEx’s the following May 31. It stands to reason, then, that a merger of regional parcel delivery carriers LaserShip and OnTrac, with $1.7 billion in combined annual revenue between them, wouldn’t appear on the giants’ radar.

Vienna, Virginia-based LaserShip’s mid-October $1.3 billion purchase of...

https://www.freightwaves.com/news/should-fedex-ups-care-about-the-lasership-ontrac-merger

Does Amazon need a separate network to court outside shippers?

In April 2020, already struggling with deliveries of e-commerce volumes of an unforeseen magnitude, Amazon.com Inc. said it would suspend a pilot program in the U.S. designed to deliver non-Amazon packages. The program, which was shut down that June, has not been restarted, and the company has not said publicly that it will be.

Various experts have said that a reboot will occur over the next one to two years as Amazon Logistics, Amazon’s delivery arm, dramatically expands its air and ground...

https://www.freightwaves.com/news/does-amazon-need-a-separate-network-to-court-outside-shippers

The delivery-return relationship — Point Of Sale

Point of Sale header

This podcast is sponsored by ArcBest. ArcBest is more than logistics. Whatever you do, whatever you ship, ArcBest makes it easier for you to do business. ArcBest combines reliable capacity, innovative technology and trusted relationships to take the complexity out of your supply chain and keep your shipments moving. That’s what makes ArcBest more than logistics.

In the first episode of the FreightWaves podcast Point Of Sale, host Andrew Cox takes an in-depth look at specific sectors of the...

https://www.freightwaves.com/news/the-delivery-return-relationship-point-of-sale

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