FedEx’s continued focus on ecommerce growth, reflected in its capital spending and recent spate of acquisitions, paid dividends in fiscal 2016, especially the 20% growth in ground revenue. Walmart’s recent addition of a subscription service in response to Amazon Prime, partially served by regional carriers, is not a concern, company executives said.
The U.S. Postal Service reported operating revenue of $17.7 billion in Q2, up $788 million or 4.7% from 2015. The increase was primarily due to an 11.4% gain in shipping and package volume and pricing changes. While the USPS keeps posting double-digit parcel gains, it continues to drown in pension-driven red ink, with a $2 billion quarterly net loss, up from $1.5 billion a year ago.
The United States Postal Service filed notice with the Postal Regulatory Commission of proposed price changes for its Shipping Services products to take effect next year, following the conclusion of … Continue Reading →