UPS FedEx

Check Call: Baltimore mounts a comeback

In this edition: The aftermath of the Francis Scott Key Bridge destruction, and UPS and the U.S. Postal Service form a partnership. 

GIF: GIPHY

In the collision heard round the world, the Dali struck the Francis Scott Key Bridge in Baltimore. Two weeks after the collision happened, a lot is still unknown, but the cleanup and rebuilding process is off to a strong start. The crane of all cranes has been brought out to aid in the cleanup so that ships may soon make port in Baltimore. As for when...

https://www.freightwaves.com/news/check-call-baltimore-mounts-a-comeback

FedEx says volume diverted from UPS retained

FedEx Corp. said that it has held on to the 400,000 daily packages that it has estimated were diverted from rival UPS Inc. during contract negotiations between UPS and the Teamsters union.

Brie Carere, FedEx’s (NYSE: FDX) executive vice president and chief customer officer, told analysts Tuesday that the company has not lost any of the accounts that it believes it won from UPS in the weeks and months leading up to UPS and the Teamsters agreeing at the end of July to a five-year contract. 

FedEx...

https://www.freightwaves.com/news/fedex-says-volume-diverted-from-ups-retained

UPS, FedEx post solid holiday on-time delivery performance

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Two of the three major parcel-delivery carriers set multiyear records for delivery performance...

https://www.freightwaves.com/news/ups-fedex-post-solid-holiday-on-time-delivery-performance

Postal Service reaches agreement on $10 billion Treasury loan

The U.S. Postal Service (USPS) has reached an “agreement in principle” with the U.S. Treasury Department on a long-awaited $10 billion loan that the agency needs to survive a steep drop in mail volume and staggering financial losses.

But the loan comes with a caveat: USPS must provide Treasury copies of its 10 largest service contracts with third-party last-mile delivery companies Amazon (NASDAQ:AMZN), FedEx (NYSE:FDX), and UPS (NYSE:UPS), according to the Washington Post, which received a copy...

https://www.freightwaves.com/news/postal-service-reaches-agreement-on-10-billion-treasury-loan