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☆ Airbus withdraws from U.S. FAA Boeing safety culture panel
▼ + stars: | 2023-01-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 13 (Reuters) - European planemaker Airbus (AIR.PA) said it had withdrawn from a U.S. government-named panel reviewing Boeing’s (BA.N) safety processes and how they influence Boeing safety culture after two fatal 737 MAX crashes in recent years killed 346 people. Congress directed the agency to appoint a panel by early 2021, but the FAA missed that deadline. Boeing last week declined to comment on the panel, but previously emphasized it has significantly reformed its safety culture after the MAX crashes cost it more than $20 billion. read moreIn May, the FAA opted to renew Boeing's Organization Designation Authorization (ODA) program for three years rather than the five years Boeing sought. The FAA continues to subject Boeing to enhanced oversight, inspecting all new Boeing 737 MAXs and 787s before they can be delivered.

☆ U.S. FAA names experts to review Boeing safety culture after fatal crashes
▼ + stars: | 2023-01-05 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 5 (Reuters) - The Federal Aviation Administration (FAA) said Thursday it had named 24 experts to review Boeing’s safety management processes and how they influence Boeing’s safety culture after two fatal 737 MAX crashes killed 346 people. Boeing did not immediately comment Thursday, but has previously emphasized it has made reforms to its safety culture that cost the company billions of dollars. In September, the FAA finalized a policy to protect aviation employees who perform government certification duties from interference by Boeing and others. In May, the FAA opted to renew Boeing's Organization Designation Authorization (ODA) program for three years rather than the five years Boeing sought. The FAA continues to subject Boeing to enhanced oversight, inspecting all new Boeing 737 MAXs and 787s before they can be delivered.

☆ FedEx, UPS warn severe winter storm could delay holiday packages, and airlines cut more flights
▼ + stars: | 2022-12-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: 1 min

FedEx and United Parcel Service warned that packages could be delayed as a massive winter storm brought high winds, bitter cold and snow to large swaths of the U.S. ahead of Christmas weekend. The severe weather was already snarling air travel during what is expected to be a busy week for airlines. "FedEx Express experienced substantial disruptions at our Memphis and Indianapolis hubs last night due to severe winter weather that has been moving across the United States," FedEx said Friday. It said packages set for delivery on Friday and Saturday, which is Christmas Eve, could be delayed across the U.S.UPS said severe weather "across several regions of the U.S. are impacting the UPS Air and Ground network, including UPS hubs in Louisville, Kentucky and Rockford, Illinois. As a result, some delivery and pickup services in these areas will be affected."

☆ The brutal cold is disrupting last-minute UPS and FedEx deliveries and sending drivers sliding on icy roads. Here's where packages could be delayed.
▼ + stars: | 2022-12-22 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

FedEx's advisory said winter weather could affect shipments going through the company's Indianapolis and Memphis air hubs. "Potential service disruptions may not affect FedEx Express, FedEx Ground, FedEx Freight, FedEx Office, etc. UPS announced that severe winter weather is already affecting deliveries in North Dakota, South Dakota, and Nebraska — 314 zip codes in all. Though the weather system will be felt by most Americans Friday, some delivery drivers have already experienced snowy and icy conditions. At least one UPS and one FedEx Ground driver posted on Reddit photos of trucks stuck in snowy drifts.

☆ Attention procrastinators: Drop-dead holiday shipping deadlines are coming soon
▼ + stars: | 2022-12-14 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —It happens every year — the mad dash to ship holiday gifts to get them to loved ones on time. This means they’re also shipping those purchases later, adding to the congestion.”Another reminder: Christmas Day falls on a Sunday this year, which means virtually no overnight delivery. The overall holiday gift shipping window is also shorter this season. Last-minute shipping dates are coming up for holiday gifts. With less than two weeks to Christmas Day, that really means this week.

☆ Job openings fall in October amid Fed efforts to cool labor market
▼ + stars: | 2022-11-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Job openings dipped in October amid the Federal Reserve's efforts to cool off a red-hot employment market, the Labor Department reported Wednesday. The Job Openings and Labor Turnover Survey, a closely watched gauge of slack in the labor force, showed there were 10.3 million vacancies for the month. That left 1.7 job openings per available worker for the month, down from a 2 to 1 ratio just a few months ago. The report came the same day that payroll processing firm ADP reported job gains of just 127,000 in November, the lowest total since January. Economists expect job growth of 200,00 for the month, according to Dow Jones estimates.

FedEx announced Thursday it was raising prices for all of its consumer delivery services an average of 6.9% effective Jan. 2. FedEx Freight rates, meanwhile, will increase by an average of 6.9% to 7.9%. The shipping giant recently missed earnings expectations and announced significant cost-cutting measures as it warned of a global economic slowdown. "We regularly evaluate our shipping rates and fees and adjust them when needed," the company said on its website. Postal Service announced a holiday rate increase, with priority mail rates set to increase $0.95.

☆ Analysis: FedEx investors frustrated with new CEO after withdrawn forecast
▼ + stars: | 2022-09-22 | by ( Lisa Baertlein | ) www.reuters.com time to read: +5 min

A FedEx Ground truck drives near a FedEx regional hub at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., September 16, 2022. Investors, already frustrated by last year's overly optimistic estimate for the holiday shopping season, were disappointed with its profit warning on Sept. 15. Reuters spoke with Bradshaw and five other investors who bought FedEx stock when it looked cheap versus its more profitable and better performing rival United Parcel Service (UPS.N), believing a FedEx business revamp promised healthy returns. FedEx warned business conditions would worsen in the current quarter, which ends as the key Christmas package delivery season begins. Late last month, FedEx told Reuters it was confident in its "stress tested" holiday forecast for this year.

☆ FedEx posts over 5% rise in quarterly revenue
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA FedEx Express delivery vehicle is seen in Long Beach, California, U.S., September 16, 2022. FedEx said it expects cost savings between $2.2 billion and 2.7 billion in fiscal 2023, amid weaking demand due to a weaker-than-expected business environment. The cost savings will come from reducing flight frequencies at FedEx Express, suspending certain operations at FedEx Ground, among other measures, the company said. The company's quarterly net profit fell to $875 million, or $3.33 per share, from $1.11 billion, or $4.09 per share, a year earlier. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nathan Gomes in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ 2022's holiday delivery challenge: softening e-commerce demand
▼ + stars: | 2022-09-19 | by ( Lisa Baertlein | ) www.reuters.com time to read: +2 min

Online sales started fizzling during last year's peak delivery season from Thanksgiving weekend through the end of the year. That could outpace peak season demand by 18 million packages per day, according to Satish Jindel, a consultant whose holiday peak volume forecasts are closely watched by delivery firms. During the 2020 and 2021 holiday peak delivery seasons, demand outstripped capacity by 7.2 million and 1.3 million packages per day, respectively, Jindel said. FedEx overestimated holiday demand last year, and many Ground delivery contractors got stuck with bills for hiring workers and renting trucks they did not need. read moreUPS is sticking with its plan to hire more than 100,000 holiday workers, the same as last year, a spokesman said.

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