Post Office eyeing more alliances
Post Office eyeing more alliances
Read MoreTag: USA
FedEx: More alliances, less spending
Government reports that the U.S. economy grew by 2% in the first quarter of this year are misleading because 1.75% of that growth came from lower imports, according to Frederick Smith, chairman and chief executive of Federal Express Corp. Speaking at the Global Transport and Logistics Conference sponsored by Bear Stearns, Smith predicted that the gross domestic product figure would be revised downward. Smith attributed the downturn in FedEx volumes thus far to a slowdown in high tech, which accounts for a major share of FedEx’s business.
Read MoreUPS IT transformation
UPS have spent more than $11 billion renovating its business to operate in the innovative economy. That investment is focused on IT technologies and is apparently almost twice as much as the shipping giant spends on its trucks.
Read MorePostal rates set to rise
Just four months after stamp prices increased by a penny, the U.S. Postal Service’s board of governors overrode the independent Postal Rate Commission and imposed a series of increases affecting priority mail, express mail, periodicals and other items, effective July 1.
Read MoreFedEx cuts profit outlook again
Citing “deteriorating economic conditions,” FedEx Corp. on Monday warned for the second time in five weeks that its earnings for its fiscal fourth quarter will fall below earlier forecast.
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.