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UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. UPS will move the majority of air cargo in the U.S. for the postal service following a transition period, according to UPS. USPS’s current air cargo contract with FedEx Corp. is set to expire in late September. Last month the International Air Transport Association said that total demand for air cargo, which is measured in cargo ton-kilometers, climbed 18.4% in January compared with the prior-year period.

Persons: Brie Carere, Louis DeJoy Organizations: United States Postal Service, U.S . Postal Service, UPS, FedEx Corp, FedEx, USPS, FedEx Express, U.S . Mail, International Air Transport Association, United Parcel Service Inc Locations: Atlanta, U.S, Puerto Rico, airfreight

☆ FedEx saw boost from rival UPS’s labor negotiations with Teamsters
▼ + stars: | 2023-09-20 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —The threat of a strike at one competitor and the bankruptcy of another proved beneficial for FedEx this summer. Overall, adjusted earnings for FedEx’s fiscal first quarter were $4.55 a share, up from $3.44 a share this time last year. “As a result, we are well positioned as we prepare for the peak season.”The shipping company said its businesses saw a boost from UPS’s negotiations with the Teamsters Union and Yellow Corp.’s implosion during the quarter. For the company’s Ground division, which is its low-cost shipping service, the company reported that operating income grew 59%. FedEx gained customers from Yellow’s bankruptcyBut UPS’s contract negotiations were not the only external factor that helped boost FedEx this quarter.

Persons: Brie Carere, Raj Subramaniam, Carere, ”, ” Carere Organizations: CNN, FedEx, Teamsters Union and Yellow Corp, UPS, FedEx FedEx, Express, Teamsters Union, Yellow Corp, FedEx’s, UAW, Ford, General Motors, United Auto Workers Locations: Nashville

☆ Everyone wants to know when consumer demand is going to come back for real. Here's what FedEx execs are watching.
▼ + stars: | 2023-06-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

FedEx's massive overhaul is showing early signs of success but package volumes are still down. For the year ahead, FedEx expects moderate revenue growth of between 1% and 3% year over year. FedEx is expecting package volumes to finally bounce back after five straight quarters of declines. FedEx's guidance for the next 12 months includes moderate revenue growth, somewhere between 1% and 3% year over year. "Green shoots," or signs of potential revenue growth, are beginning to show in Europe however, she said.

Persons: We're, Raj Subramanian, Morgan Stanley, Brie Carere, Carere, hasn't, Jason Furman, Mike Lenz, Subramanian Organizations: FedEx, Tuesday, Target, Harvard Locations: Europe, North America, Trans

☆ FedEx warns it won't bail out UPS customers at the last minute if drivers strike
▼ + stars: | 2023-03-18 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

The Teamsters Union has threatened a UPS strike when its contract expires in July. UPS CEO Carol Tomé has repeatedly said that a "win-win-win" is "very achievable" for the Teamsters, UPS employees at large, and the company, despite the union's spicy rhetoric. But even the threat of a UPS strike this summer, which would be the first since 1997, is already driving some UPS customers to look for alternative shipping options. Carere also suggested that FedEx is not interested in serving as a temporary solution for UPS customers. FedEx customers were alerted to the March 31 in a letter distributed earlier this month.

☆ FedEx is reassuring holiday shippers and retailers it can deliver for peak season
▼ + stars: | 2022-10-20 | by ( Frank Holland | In | ) www.cnbc.com time to read: +1 min

But we are ready for service and we are ready for our customers," FedEx chief customer officer Brie Carere told CNBC in an exclusive interview. The logistics company released its holiday shipping outlook on Thursday morning. FedEx also faced a pay dispute with a faction of the 6,000 contractors that operate its residential e-commerce focused ground network. "The network is ready for our customers to support the sales they have now, to support the sales that they're going to have on Black Friday. We're also ready for the sales that they're going to have and we believe will continue right through the month of December," she added.

☆ FedEx's Shopify strategy could prove costly as e-commerce cools and logistics firms fight over small business, analysts say
▼ + stars: | 2022-09-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

The logistics giants are taking different paths when it comes to e-commerce platforms like Shopify. "Every entity in the parcel-delivery market — i.e., UPS, FedEx, USPS, Amazon Logistics, and every third party out there — is looking to that SMB customer," Shanker said. UPS and FedEx are taking opposite approachesMany small e-commerce businesses buy their shipping services through the online platforms they use to sell their products. "They want you to click on the FedEx logo because you think FedEx is great." "I think while FedEx talks about its focus on SMB shippers, I think UPS is actually executing on it," said Rick Watson, the CEO of RMW Commerce Consulting.

☆ UPS and Fedex are in for reckoning as the e-commerce boom cools and new competitors fight for a shrinking number of packages
▼ + stars: | 2022-05-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +9 min

The pandemic-driven e-commerce boom buoyed results for UPS and FedEx the past two years. E-commerce sales in the first quarter were up nearly 7% from the first quarter of 2021, according to the US Census Bureau. The other is that the slowdown may loosen the two companies' grip on the pricing power they've held for the past two years. On the downward slope of the pandemic e-commerce boom, UPS and FedEx are going to be left with a smaller slice of a smaller pie. So far, both carriers are holding fast to their pricing power in the customary first-quarter contract negotiations, according to Roberson.

☆ UPS is facing down a fight with its drivers' union over the weekend delivery it needs to compete with Amazon and FedEx
▼ + stars: | 2021-12-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

Several regular drivers told Insider they'd be happy to work for the extra pay— but it's not worth the aggravation. Why Saturdays stinkWhile weekday drivers generally have an assigned route and learn it intimately, weekend drivers are often handed a new itinerary every shift, drivers said. He'll have at least some support there: Several drivers told Insider that getting rid of the 22.4 position should be the Teamsters' top priority. Any carrier that devotes capacity to weekend service will "lose a ton of money," Shanker said, if retailers don't take advantage. UPS' weekend strategy may soon get a shakeup from a newly emboldened union — and some seriously frustrated drivers.

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