US Postal Service

FedEx announces holiday shipping deadlines

FedEx Corp. (NYSE: FDX) disclosed on Tuesday its holiday shipping deadlines for domestic packages that need to arrive on or before Christmas Eve, which this year falls on Sunday.

Customers using FedEx Ground, the company’s U.S. ground delivery business, will need to ship by Dec. 20 if they choose two-day shipping, the company said. Customers using FedEx Home Delivery, the company’s residential delivery operation, will need to ship by Dec. 21 for two-day shipping. Parcels tendered to FedEx Ground...

https://www.freightwaves.com/news/fedex-announces-holiday-shipping-deadlines

OSM Worldwide to avoid peak-season parcel-delivery surcharges

OSM Worldwide, which dubs itself the nation’s fifth-largest e-commerce parcel delivery provider, said Tuesday it will not impose peak-season delivery surcharges.

OSM joins delivery providers such as Veho and AxleHire to not impose any delivery surcharges this holiday season.

Chicago-based OSM is a postal work-share provider, meaning that it aggregates packages for induction into the Postal Service’s transport infrastructure for residential deliveries. OSM uses the Postal Service’s Parcel Select...

https://www.freightwaves.com/news/osm-worldwide-to-avoid-peak-season-parcel-delivery-surcharges

No peak-season delivery surcharges, Postal Service says

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The U.S. Postal Service will not impose any parcel-delivery surcharges during the upcoming peak...

https://www.freightwaves.com/news/no-peak-season-delivery-surcharges-postal-service-says

Clearjet leverages narrowbody aircraft for air service at ground rates

Narrowbody passenger aircraft are considered the wasteland of the shrinking landscape of U.S. air cargo. 

Most shippers and freight forwarders shun the aircraft type because, by definition, it lacks widebody capabilities to handle larger volumes. Like their widebody counterparts, narrowbodies are beholden to passenger schedules, which often don’t conform with shipping needs. In a domestic environment dominated by surface transportation, narrowbodies are seen as a square peg in a round hole.

Chris...

https://www.freightwaves.com/news/clearjet-leverages-narrowbody-aircraft-for-air-service-at-ground-rates

Postal Service loss widens in fiscal 3rd quarter 

The U.S. Postal Service continues to bleed red ink.

In its fiscal 2023 third quarter, which ended June 30, the Postal Service lost $860 million on an adjusted, non-GAAP basis, compared with an adjusted $459 million loss. On a GAAP basis, the net loss was $1.7 billion, compared to net income of $59.7 million in the year-earlier quarter. 

Operating revenue declined 0.9% to $18.6 billion, the Postal Service said.

Shipping and package volume in the quarter was down 2.4% to 1.7 billion pieces from 1.74...

https://www.freightwaves.com/news/postal-service-loss-widens-in-fiscal-3rd-quarter

5 things to know with the UPS-Teamsters clock ticking

Time is running short for a handshake agreement to avert a nationwide Teamsters union strike against UPS Inc. threatened for Aug. 1. Talks broke off July 5 and will resume next week. Shippers that haven’t made contingencies could be up against the wall. Some will simply brace for service disruptions and undelivered packages, which could take weeks to sort out even if a strike is relatively short.

“For shippers who have done little or no planning, it’s too late,” said Nate Skiver, founder of LPF...

https://www.freightwaves.com/news/5-things-to-know-with-the-ups-teamsters-clock-ticking

Study: US annual parcel shipping volumes to grow 5% through 2028

U.S. parcel shipping activity is expected to grow 5% per year over the next five years, continuing what is expected to be an increase over pre-pandemic volume projections despite a slowdown in 2022, according to an annual parcel shipping index published Tuesday by global shipping and mailing company Pitney Bowes Inc.

By 2028, annual U.S. parcel volume is expected to hit 28 billion, according to the report.

America shipped, received and returned 21.2 billion parcels last year, 1.1 billion...

https://www.freightwaves.com/news/study-us-annual-parcel-shipping-volumes-to-grow-5-through-2028

Ford earns Postal Service’s latest EV contract

With all of the government-backed initiatives designed to boost electric vehicle adoption, is it any surprise that the nation’s largest federally backed fleet is leading the way?

Continuing its push to electrify more than 66,000 delivery vehicles by 2028 as part of its Next Generation Delivery Vehicle (NGDV) initiative, the U.S. Postal Service this week announced the awarding of another major vehicle delivery contract.

Oshkosh Defense received the first — which initially included around 10,000...

https://www.freightwaves.com/news/ford-earns-postal-services-latest-ev-contract

Postal Service posts net loss, small revenue gain in fiscal Q1

The U.S. Postal Service on Thursday reported that revenue in its fiscal 2023 first quarter, which included the holiday season, rose 1% over year-earlier levels to $21.5 billion, while total volumes declined 4.8% to 1.7 billion pieces.

Shipping and packages revenue rose 2.4% to $8.8 billion, up from $8.637 billion in the year-earlier period. Shipping and package volume fell 3.5%, or 70 million pieces, compared with the same period a year ago.

The falloff reflects a continued drop in e-commerce...

https://www.freightwaves.com/news/postal-service-posts-net-loss-small-revenue-gain-in-fiscal-q1

Amazon struggling to hit 2-day delivery commitments, consultant says

Amazon.com. Inc. is struggling to handle some of its own two-day deliveries and has turned over about 1 million parcels a day to UPS Inc. and the U.S. Postal Service to meet its delivery commitments, according to a leading consultant.

Satish Jindel, founder and president of ShipMatrix, said Amazon (NASDAQ: AMZN) has shifted more middle-mile shipments to UPS’ two-day delivery service and more last-mile shipments to the Postal Service’s final-mile service, Parcel Select. UPS (NYSE: UPS) and the...

https://www.freightwaves.com/news/amazon-struggling-to-hit-2-day-delivery-commitments-consultant-says

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