The Teamsters represent more than half of the company’s workforce in the largest private-sector contract in North America. If a strike occurs, it would be the first since a 15-day walkout by 185,000 workers crippled the company a quarter-century ago.
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The package delivery company said Wednesday that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into a single entity in a companywide reorganization designed to save $4 billion.
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The company warned it will likely miss Wall Street’s profit target for its fiscal first quarter that ended Aug. 31. And it said it expects business conditions to further weaken in the current quarter amid weaker global volume.
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Cargo Services Inc., an Indianapolis-based international freight forwarder and U.S. logistics provider, helps companies deal with a COVID-fueled convergence of growing consumer demand, a shortage of cargo shipping containers, a crimped supply chain and raging shipping costs.
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FitzMark LLC accused the former employee of violating a confidentiality and non-compete contract. Also named as a defendant is Koola Logistics LLC, a Carmel-based freight transportation company.
Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products.
The agreement affects about 45,000 striking U.S. dockworkers at 36 ports stretching from Maine to Texas that handle about half the cargo from ships coming into and out of the United States.
If it goes more than a few weeks, a work stoppage would significantly snarl the nation’s supply chain, potentially leading to higher prices and delays in goods reaching households and businesses.
If roughly 45,000 U.S. longshoremen make good on their threat to strike beginning Tuesday, they could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States.
The U.S. Postal Service said Wednesday that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.
The economic effects of the pandemic created boom times for trucking—but the industry has hit an extended bumpy patch since then, with no consensus as to when conditions will smooth out.
Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic. Amazon Shipping allows sellers to ship Amazon orders or products sold on other sites.
An official bankruptcy filing is expected any day for Yellow Corp., after years of financial struggles and growing debt. Its expected liquidation would mark a significant shift for the U.S. transportation industry and shippers nationwide.
Some 340,000 UPS employees are inching toward a strike, threatening the largest work stoppage in over half a century, that could upend a part of the broader package delivery system that Americans have come to depend on.
Negotiations between the delivery company and the union representing 340,000 of its workers have been at a standstill for more than a week with a July 31 deadline for a new contract approaching fast.
The last time UPS workers walked of the job more than two decades ago, it crippled the shipping company. An emboldened union is threatening to do the same, and this time the disruption would be far greater.
Postmaster General Louis DeJoy says his plan to dramatically increase postage rates could spell trouble for some businesses relying on mailing and shipping costs that have been kept low at the expense of the Postal Service’s financial stability.
The new rates, which cover stamps and other mail items including periodicals and advertising mailers, are poised to take effect July 9 unless overruled by the postal regulator.
A coalition of more than 400 business groups sent a letter to congressional leaders Monday urging them to step into the stalled talks because of fears about the devastating potential impact of a strike.
The railroad trade group said a strike would idle some 7,000 freight trains a day run by CSX, Union Pacific, BNSF, Norfolk Southern, Kansas City Southern and other railroads and disrupt passenger operations nationwide.
The mail agency’s board of governors approved a peak-season plan to increase the costs of commercial and retail parcels from early October through late January to capture the bustling holiday shopping season when packages crisscross the country.
Metal hardware has been in short supply the last couple of years, and one item in particular has bedeviled Amish craftsmen: drawer slides.
For months, motorists have felt the pain of high gasoline prices. Many might not know that they’re also absorbing the impact of much costlier diesel in the form of higher priced goods.
The Ocean Shipping Reform Act passed the Senate unanimously via voice vote and garnered bipartisan House support.
