Revenue, at $17.1 billion, while down $16 million, was essentially flat, according to USPS officials, and the organization had a net loss of almost $2.3 billion, which was up $767 million annually. USPS said that this tops net loss of nearly $1.5 billion a year ago, with controllable loss for the quarter almost $1.1 billion, compared to a controllable loss of $889 million for the same quarter last year. Source: logistics Mgmt
Amazon is not alone in its efforts to get to next-, or one-day shipping. In fact, this development has seen other retailers, in kind, step up their respective games, as well. Source: logistics Mgmt
The Institute for Supply Management (ISM) reported today in its April Manufacturing Report on Business that April Manufacturing output remained in growth modes, despite seeing declines in some of its key metrics. The report’s key metric, the PMI, dipped 2.5% to 52.8 (a reading of 50 or higher indicates growth), following a 1.1% increase from February to March, a 2.4% decrease from January to February and a 2.3% increase from December to January. While an uneven growth pattern remains intact,...
FedEx Extra Hours, enables shippers to fulfill e-commerce orders later in the day and into the evening and also receive late pickups by FedEx Express, with next-day local delivery and two-day shipping to any address in the continental United States, according to FedEx. Source: logistics Mgmt
For those that still think Amazon does not directly compete with the parcel duopoly of FedEx and UPS, a report in The Wall Street Journal today drives home the point that it may be time to reconsider that notion. The reason, according to the report, is that a new seven-days a week delivery network being introduced by the global e-commerce bellwether, aims to take customers from FedEx and UPS by zooming in on fuel surcharges and extra fees, which increase...
Alireza Tangsiri, head of the Iranian Revolutionary Guards...