Amazon.com Inc. launched Buy with Prime, allowing third-party merchants to use Amazon’s vast shipping and logistics network to fulfill orders on their sites while appealing to Amazon’s Prime customers. Experts see the move firing up rivalry with United Parcel Service Inc., FedEx Corp., and the U.S. Postal Service as being the fastest in the online delivery race, CNBC reports. The…
US Shipper UPS Halts Overflights of Russia
WASHINGTON—U.S.–based United Parcel Service Inc. said Tuesday it has halted overflights of Russia as the White House continues to debate whether to close U.S. airspace to Russia. A UPS spokesman said the company has “put contingency plans in place to continue serving customers, while not flying in restricted areas. That includes not overflying Russia.” American…
UPS, FedEx Halting Shipments to Russia and Ukraine Until Further Notice Amid Moscow-Led Invasion
Two of the world’s largest logistics companies, UPS and FedEx, have announced that they are pausing delivery service to Russia and Ukraine amid the Moscow-led invasion. Both of the U.S.-based shipping companies had earlier said that they were cutting off shipments to and from Ukraine until further notice. In a service update on UPS’s website,…
Amazon Set to Surpass UPS, FedEx In US Deliveries
Amazon.com Inc worldwide consumer business CEO Dave Clark sees the company become the most significant U.S. package delivery service by 2022, CNBC reports. Clark sees Amazon overtaking longstanding shipping rivals United Parcel Service Inc and FedEx Corp. Amazon has been steadily building up vast logistics and fulfillment operations since a 2013 holiday debacle left its…
Stock Wars: FedEx vs UPS
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector This week, the duel is between two courier delivery services: FedEx Corporation and United Parcel Service Inc. The Case For Fedex This company was founded in 1971 by newly-minted Yale University graduate Frederick W. Smith as Federal Express Corporation. Originally based in…
UPS Delivers Profit, Revenue Beat on E-commerce Demand
United Parcel Service Inc. reported better-than-expected quarterly earnings and revenue on Tuesday, bolstered by strong e-commerce demand that has allowed the delivery firm to raise shipping prices and cherry-pick more profitable customers. The company also raised its full-year adjusted operating margin target to about 13 percent from about 12.7 percent, ahead of the holiday season….
Supply Chain Disruptions Force White House to Ask Walmart, UPS, FedEx to Increase Output
Carriers of goods including Walmart, UPS, and FedEx are moving to work more shifts—including 24 hours per day, seven days per week—to address global supply disruptions that have contributed to a surge in inflation, the White House said Wednesday. The update was announced ahead of President Joe Biden’s meeting with the heads of Walmart, FedEx,…
Fast Hiring: UPS to Hire 100,000, Many in 30 Minutes or Less
NEW YORK—Besides packages, UPS is promising to deliver something else fast: job offers. The package delivery company said Thursday that it plans to hire more than 100,000 people for the busy holiday shipping season, many of whom will get job offers within 30 minutes of applying. UPS needs to snap up workers as fast as…
NTD Business Full Broadcast (April 27)
Crocs reports earning today, posting super quarterly results. NTD asks Americans why they’re buying Crocs? Tesla shares fell today. It did post record high profits for the last quarter but it’s not just from selling cars. The latest census data is out and it’s looking good for one political party. We have details and analysis.
UPS Driver Dies After Assault; Search Underway for Suspect
WATERTOWN, Conn.—A UPS truck driver died after an assault on Tuesday in Connecticut, and authorities are searching for a suspect. State troopers initially responded to a call about an accident involving a UPS truck in Watertown on Tuesday evening. They found the driver had been assaulted, and medics took him to a hospital, where he…
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