Shipware

Postal Service posts massive net loss in FY ’23

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The U.S. Postal Service posted a $6.5 billion net loss for its 2023 fiscal year, which ended Sept....

https://www.freightwaves.com/news/postal-service-posts-massive-net-loss-in-fy-23

Can the minnows pick up the slack if the brown whale is beached?

As the chart shown below indicates, there is no shortage of parcel-delivery companies in America. There are certainly far more than in 2018, the last year that UPS Inc. and the Teamsters union negotiated a collective bargaining agreement.

That contract expires July 31, and there is concern among parcel consultants that UPS shippers are taking the upcoming deadline too lightly to be actively looking for alternative capacity. Few expect a strike because all stakeholders have so much to lose. But...

https://www.freightwaves.com/news/can-the-minnows-pick-up-the-slack-if-the-brown-whale-is-beached

10 steps to lower shipping rates

white box truck driving on highway

PHILADELPHIA — The growth of e-commerce has led to the growth of something else: charges and fees. FedEx (NYSE: FDX), UPS and the U.S. Postal Service continue to raise their shipping fees, and for some shippers, it has become too much.

Fuel surcharges are an example. According to Josh Taylor, senior director of professional services at Shipware, the fuel surcharge to ship a 10-pound package in 2020 was the equivalent of buying one-quarter gallon of fuel. In 2022, that surcharge is equal to...

https://www.freightwaves.com/news/10-steps-to-lower-shipping-rates

For parcel shippers, it’s carrier diversification or bust in 2022

All year long, parcel shippers were advised to diversify their carrier bases in order to reduce their reliance on FedEx Corp. and UPS Inc. Heeding that call, however, was easier said than done. It will likely be just as challenging next year.

The parcel-delivery world of 2022 will look very much like it did in 2021. For the third year in a row, the big carriers will hold the upper hand, and they will use their leverage to make hay while the sun shines. Volumes will remain elevated as e-commerce...

https://www.freightwaves.com/news/in-parcel-carrier-diversification-will-be-the-core-narrative-in-2022

Parcel consultancy Shipware to merge with spend management firm SIB

Parcel delivery consultancy Shipware LLC said Wednesday it has merged with SIB Fixed Cost Reduction, a company that provides spend management services across a wide range of industries. Financial terms of the transaction were not disclosed.

San Diego-based Shipware said it will retain its brand, management and employees. Rob Martinez and Trevor Outman, Shipware’s co-CEOs, will stay on. Shipware plans to hire 15 employees during the first quarter, bringing its headcount to 81, Martinez said in an...

https://www.freightwaves.com/news/parcel-consultancy-shipware-to-merge-with-spend-management-firm-sib

Where’s my parcel refund? Don’t hold your breath

FedEx and UPS delivery vans.

In late March 2020, with the country and much of the economy in lockdown as the coronavirus took hold, FedEx Corp. and UPS Inc. suspended long-standing programs to refund shipping charges for late or missed deliveries guaranteed to arrive at specific times. The carriers explained they could no longer guarantee on-time deliveries given the unexpected avalanche of e-commerce delivery demand they were struggling with.

Nearly 21 months later, only a subset of the carriers’ refund programs have been...

https://www.freightwaves.com/news/wheres-my-parcel-refund-dont-hold-your-breath

Trailer imbalances compound FedEx cost, service issues

The cost and service challenges confronting FedEx Corp. go beyond the two most visible suspects: a meaningful shortage of labor and an unprecedented surge in parcel-delivery volumes. A third, and perhaps just as important a factor, is a persistent imbalance in domestic trailer utilization, especially to and from Southern California.

For every three parcels that leave the region bound for the rest of the FedEx (NYSE:FDX) network, only one package returns, according to Rob Martinez, founder and...

https://www.freightwaves.com/news/trailer-imbalances-compound-fedex-cost-service-issues

FedEx plays game of chicken with parcel shippers’ budgets

The hole that FedEx Corp. finds itself in is, in some respects, not of its own digging. It can’t force people to accept job offers, nor can it control the wages its competitors are willing to pay. It can’t stop or slow the unprecedented surge in parcel-delivery volumes that have pulled forward demand projections by nearly three years. 

What the Memphis, Tennessee-based giant (NYSE:FDX) can manage is the optics behind its competitive response, and how it addresses customer expectations in the...

https://www.freightwaves.com/news/fedex-plays-game-of-chicken-with-parcel-shippers-budgets

FedEx peak surcharges pack wallop, but there may be loopholes

FedEx Corp. will again attempt to whack its big customers with hefty delivery surcharges this holiday season. But the carrier is going about things a little differently than its competition.

FedEx (NYSE:FDX) has set two cycles in the calendar to apply residential delivery surcharges: The first cycle covers parcels shipped Oct. 4-17. The second covers parcels shipped Nov. 15-28. Rival UPS Inc. (NYSE:UPS) and the U.S. Postal Service, the latter of which announced its peak surcharges last week,...

https://www.freightwaves.com/news/fedex-peak-surcharges-pack-wallop-but-there-may-be-loopholes

Long controversial and now cooking, LaserShip rides the parcel-delivery wave

It’s been a long, somewhat strange trip for regional parcel-delivery carrier LaserShip Inc.

LaserShip was launched in 1986 as a document-delivery company. The dot-com boom of the late 1990s eventually pushed the Vienna, Virginia-based concern into the parcel-delivery world. Since then, it has assembled an impressive geographic footprint for a self-styled regional carrier. 

Privately held LaserShip’s ground-delivery network spans 23 states in the East and Midwest, as well as the District of...

https://www.freightwaves.com/news/long-controversial-and-now-cooking-lasership-rides-the-parcel-delivery-wave

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