Royal Mail Hands $540 Million to Investors on Parcel Windfall
Royal Mail Plc will return $540 million to shareholders, saying it’s increasingly confident that the online shopping boom spurring parcel deliveries will persist.
Chinese Package-Delivery Firm SF Holding Eyes Stake in Kerry Logistics
SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said.
February 4, 2021Risk Remains Low for Coronavirus Transmission on Packages
The CDC has stated on its website that at the moment, “there is no evidence to support transmission of COVID-19 associated with imported goods, and there have not been any cases of COVID-19 in the United States associated with imported goods,” so the concern for anything shipped from overseas is low thus far.
Postal Service, UPS, FedEx and Amazon Put Safety First
As the coronavirus pandemic spreads across the U.S., more people are relying on the mail and delivery services to provide them food, medicine and household items.
UPS Revenues Rise, but Profits Flat in Third Quarter
UPS Inc. profits essentially were flat year-over-year in the third quarter, ticking down about 0.5% or $6 million as the parcel giant also announced a 4.9% rate increase effective Dec. 24 to match other less-than-truckload carriers.
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June 16, 2016Editorial: Unwelcome Shipping Surprises
Congress Passes Bill to Set Drug Distribution Standards
A bill that establishes new national standards for the distribution of prescription drugs and pharmaceuticals has been approved by Congress and is expected to be signed into law by President Obama.