The Teamsters represent more than half of the company’s workforce in the largest private-sector contract in North America. If a strike occurs, it would be the first since a 15-day walkout by 185,000 workers crippled the company a quarter-century ago.
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The package delivery company said Wednesday that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into a single entity in a companywide reorganization designed to save $4 billion.
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The company warned it will likely miss Wall Street’s profit target for its fiscal first quarter that ended Aug. 31. And it said it expects business conditions to further weaken in the current quarter amid weaker global volume.
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Cargo Services Inc., an Indianapolis-based international freight forwarder and U.S. logistics provider, helps companies deal with a COVID-fueled convergence of growing consumer demand, a shortage of cargo shipping containers, a crimped supply chain and raging shipping costs.
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Package sorting at UPS’ largest shipping hub was halted late Tuesday and the stoppage continued Wednesday. About 416,000 packages can be sorted at the facility per hour, according to a UPS fact sheet.
Amazon launched its Delivery Service Partner program in 2018, offering aspiring entrepreneurs an opportunity to run their own businesses.
The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as they await more clarity on the rule.
Criminals have begun adopting technology—everything from telephone spoofing to artificial intelligence—that turbocharges their ability to steal cargo in a host of new ways.
Amazon’s past success with using Prime Day to drive sales and attract new members spurred other major retail chains to schedule competing sales in July. Best Buy, Target and Walmart are repeating the practice this year.
Young, R-Indiana, and fellow Sen. Mark Kelly, D-Arizona, reintroduced legislation to jumpstart the country’s “rusted” shipbuilding industry and increase onshore ship production that has largely shifted to China.
UPS anticipates closing 73 leased and owned buildings by the end of June.
The agency previously announced plans to cut its operating costs by more than $3.5 billion annually.
FitzMark LLC accused the former employee of violating a confidentiality and non-compete contract. Also named as a defendant is Koola Logistics LLC, a Carmel-based freight transportation company.
Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products.
The agreement affects about 45,000 striking U.S. dockworkers at 36 ports stretching from Maine to Texas that handle about half the cargo from ships coming into and out of the United States.
If it goes more than a few weeks, a work stoppage would significantly snarl the nation’s supply chain, potentially leading to higher prices and delays in goods reaching households and businesses.
If roughly 45,000 U.S. longshoremen make good on their threat to strike beginning Tuesday, they could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States.
The U.S. Postal Service said Wednesday that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.
The economic effects of the pandemic created boom times for trucking—but the industry has hit an extended bumpy patch since then, with no consensus as to when conditions will smooth out.
Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic. Amazon Shipping allows sellers to ship Amazon orders or products sold on other sites.
An official bankruptcy filing is expected any day for Yellow Corp., after years of financial struggles and growing debt. Its expected liquidation would mark a significant shift for the U.S. transportation industry and shippers nationwide.
Some 340,000 UPS employees are inching toward a strike, threatening the largest work stoppage in over half a century, that could upend a part of the broader package delivery system that Americans have come to depend on.
Negotiations between the delivery company and the union representing 340,000 of its workers have been at a standstill for more than a week with a July 31 deadline for a new contract approaching fast.
The last time UPS workers walked of the job more than two decades ago, it crippled the shipping company. An emboldened union is threatening to do the same, and this time the disruption would be far greater.
