UPS to Expand Service, Capacity, Add Operation Hours
UPS Inc. rolled out a series of offerings Jan. 29 aimed at improving service to small and midsize businesses, including an extension of weekend operations.
Holiday Returns Drive Demand for Reverse Logistics
Reverse logistics is part of retailers’ year-round operations, but returns ramp up during the holidays.
FedEx’s Q2 Earnings Tumble, Even More Than Wall Street Expected
FedEx Corp. reported lower-than-expected second-quarter fiscal year 2020 earnings Dec. 17, missing Wall Street analysts’ expectations.
The 2019 Top 50 Global Freight Carriers: Growth Continues Despite Trade Tensions
All but a handful of the companies ranked on the 2019 Top 50 Global Freight Carriers list posted higher freight revenues in 2018 than the previous year, as the majority of the world’s largest freight carriers continued to enjoy strong demand in many key markets.
North America's Busiest Cargo Airports
Where North American airports ranked in terms of cargo pounds transported.
UPS Net Income Up 15.9%, Revenue Rises 5%
UPS Inc. reported $1.75 billion in net income in the third quarter of 2019, up 15.9% from the same period a year ago, in an earnings statement released Oct. 22.
UPS, Shippo Collaborate on Small-Business Shipping
UPS Inc. will work with shipping technology company Shippo to offer marketplace shipping rates to the more than 35,000 small- and medium-size businesses that use Shippo’s platform, according to an Oct. 10 news release.
October 10, 2019UPS Completes Nashville-Area Distribution Facility
UPS Inc. has completed the expansion of its Whitescreek, Tenn., ground-package sortation and distribution facility, part of a multiyear investment plan to grow its global logistics network.
September 30, 2019TuSimple to Use New Funds for System Development, Route Expansion
Startup autonomous truck company TuSimple announced commitments from investors for an additional $120 million. These funds are part of an extended Series D round that was oversubscribed and reached a total of $215 million.
Coyote Logistics: Truckload Rates to Rebound
Despite a freight slowdown in the first half of 2019, shipper demand is at an inflection point, and spot-market truckload business will rebound in the fourth quarter, according to officials from Coyote Logistics, a UPS Inc.-owned third-party logistics company based in Chicago.