UPS set to match FedEx with a 4.9% price increase in North America
UPS has announced plans to match rival FedEx in implementing a 4.9% price increase for its 2015 rates in North America.
Read MoreTag: USA
UPS buys cross-border e-commerce shipping specialist i-parcel
UPS has boosted its cross-border e-commerce credentials with the acquisition of a US company that helps online retailers to reach foreign consumers.
Read MoreUSPS ability to remain self-funding “questionable” says Congressional report
The US Postal Service is still facing the prospect of having insufficient funds to continue operations, despite its cost-cutting efforts over the last few years, and its improving revenue.
Read MoreUPS steps up festive season hiring plan to avoid delivery delays
UPS is expecting to hire between 90,000 and 95,000 temporary employees to boost its service during the peak season, from October through to January.
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FedEx profits jump in first quarter on volume growth
Volume growth and cost-cutting initiatives have seen profits jumping at FedEx in the first quarter of its fiscal year.
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