Overview
According to the United States Postal Service (USPS), it processes 425.3 million mail pieces each day, 17.7 million each hour, 295,000 each minute and 5,000 each second. Those numbers are staggering, and perhaps more astounding is that 46% of the entire world’s mail volume is processed and delivered by the USPS.
Today, USPS moves mail using airplanes, hovercraft, trains, trucks, cars, boats, ferries, helicopters, subways, bicycles, mules and feet. However, most mail in the United...
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
Were it not for a nearly 700% increase in its share price this year, electric delivery van maker Workhorse Group (NASDAQ: WKHS) might not have five analysts covering the 13-year-old company still mostly regarded as a startup.
After a sometimes contentious call with analysts following an underwhelming third-quarter earnings report Monday, Workhorse may wish for the days when it mostly operated under the radar. Investors didn’t seem to care. On a day of huge gains for markets, Workhorse shares...
https://www.freightwaves.com/news/analysts-patience-wearing-thin-with-workhorse-delays
On this week’s Drilling Deep, host John Kingston brings in his colleague Mark Solomon again to talk about the state of the U.S. Postal Service. Solomon was a guest on Drilling Deep not all that long ago to talk about the same subject. But the amount of new controversy that has arisen since then means it’s time to revisit this key cog in supply chains.
Also on Drilling Deep this week, host Kingston discusses how a couple of big deals in the U.S. oil patch could be good news for trucking companies...
The International Civil Aviation Organization and the Universal Postal Union on Tuesday encouraged national governments to provide postal, air cargo and express mail operators with the resources and regulatory flexibility necessary to maintain efficient delivery service during the coronavirus crisis.
A joint statement by the UN agencies aligns with recommendations this summer from ICAO’s Aviation Recovery Task Force for nations to provide flexibility to operators hauling airmail and air cargo,...
https://s29755.pcdn.co/news/un-urges-support-for-postal-air-cargo-and-express-mail-operators
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, trucking ponders its next move following President Donald Trump’s payroll tax deferment order. Plus, Nikola receives a huge order from an unexpected source; Cummins and Navistar ink a new deal; and a truck driver is sentenced for a crash that killed five.
When is a tax break not really a tax break?Will truck drivers and trucking companies see any additional money from Trump’s payroll tax deferment...
A commercial fleet-focused electric pickup from Lordstown Motors Corp. (LMC) is sold out for its first year – if the startup secures the $450 million needed to retool a former General Motors (NYSE: GM) car plant to make full-size trucks.
LMC revealed a prototype of its Endurance on Thursday with Vice President Mike Pence and U.S. Secretary of EnergyDan Brouillette in attendance.
“I really think this is a pickup truck 2.0,” CEO Steve Burns told FreightWaves in a June 23 interview. “We think we’ve...
https://s29755.pcdn.co/news/lordstown-motors-says-first-year-electric-pickup-build-is-sold-out
Lordstown Motors Corp. (LMC) will unveil the commercial fleet-focused Endurance electric pickup truck next week even as a deadline looms to raise hundreds of millions of dollars to convert a closed General Motors Co. (NYSE: GM) small car plant to full-size electric truck production.
GM holds a $40 million mortgage, allowing LMC to operate while it seeks investors. LMC, led by former Workhorse Group (NASDAQ:WKHS) CEO Steve Burns, paid $20 million for the 6.2 million-square-foot assembly complex...
https://s29755.pcdn.co/news/lordstown-motors-plans-endurance-reveal-against-capital-raising-deadline
The U.S. Postal Service (USPS) is fighting to keep its head above water amid staggering financial losses related to the coronavirus pandemic and the Trump administration’s refusal to grant the relief the agency says it needs to avoid going broke by Sept. 30. At the same time, USPS faces competitive headwinds on the international parcel shipping front starting July 1.
On that date, a new pricing structure for the movement of low-value small parcels goes into effect that raises rates on shipments...
The European Union’s reported plan to bring antitrust charges against Amazon.com Inc. (NASDAQ:AMZN) for allegedly using third-party sellers’ data to unfairly compete against them is unlikely to be copied in the United States because of the differences in the two antitrust regimes, a U.S.-based antitrust attorney said Thursday.
The 1957 Treaty of Rome, which created the forerunner of the EU known as the European Economic Commission, gave European regulators broad authority to crack down on “abuse...