With both carriers offering reliable ground options, why should anyone pay a premium for a dedicated 2-day or 3-day service if a ground option offers the same transit time?
UPS and FedEx are engaged in a battle for market share, and shippers are reaping the spoils
Can you remember the panic that led up to the year 2000? The threat of Y2K was real, and many feared catastrophic mass IT outages. Thankfully, January 1, 2000, arrived without much fanfare. July 19, 2024, however, was a different story.
Bryan Dykes to replace Brian Newman as CFO at UPS
On June 1, FedEx made the long-awaited transition to Network 2.0, an aspect of their DRIVE initiative that consolidates FedEx Express, FedEx Ground, and FedEx Services into a single air-ground network branded Federal Express Corporation.
The loss of USPS business. Merging Ground and Express. And now, a potential sale of its Freight business? It's been a big year for FedEx, and it's only July.
On June 23, UPS announced its plans to sell its leading global third-party logistics (3PL) provider, Coyote Logistics, to RXO. Less than a decade after acquiring the brand, UPS has agreed to sell it at a $775 million loss.
The price of a first class stamp will increase from $0.68 to $0.73 effective July 14, 2024
While the loss of USPS represents a significant loss of income for the carrier, Dietrich says FedEx is now free to "aggressively go after the network changes
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