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NewsMay 10, 2016 10:19 AM By Mike O'Brien
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.
NewsMay 10, 2016 9:40 AM By Mike O'Brien
After a successful pilot in three markets started in January, J.C. Penney plans to expand appliance sales to 500 stores this year, going head to head with Best Buy, Sears, Home Depot and Lowe’s. See what other moves the retail chain is making.
NewsMay 09, 2016 1:54 PM By Daniela Forte
Amazon is being called on to dump merchandise from Republican presidential candidate Donald Trump off its marketplace.
NewsMay 06, 2016 2:49 PM By Mike O'Brien
Following on the heels of FedEx’s move earlier this year, UPS plans to update its fee structure for larger parcels, decreasing the size of items that incur an extra $10.50 handling charge. Under the new rule, packages with a long side of 48″ or more will be subject to the charge as of June 6. The previous threshold was 60″.
NewsMay 05, 2016 1:18 PM By Mike O'Brien
Continuing its relentless push into logistics to shore up carrier network capacity issues, Amazon has struck a deal with major air transport firm Atlas Air of Purchase, NY, leasing 20 of its Boeing 767-300 jets and taking up to a 30% stake in the company. Atlas is also a supplier of transport planes to UPS.
NewsMay 05, 2016 10:55 AM By Daniela Forte
Kohl’s now make it possible for its customers to begin using Apple Pay and simultaneously earn Yes2You Rewards loyalty points. See what other benefits this brings to customers.
NewsMay 05, 2016 9:43 AM By MCM Staff
Pregis is investmenting $17 million in its Grand Rapids, MI facility, while also changing its name to Pregis Films, reflecting a 2015 acquisition.
NewsMay 04, 2016 11:09 AM By Mike O'Brien
Looking to differentiate from competitors on fulfillment speed, Shopify is offering its small-to-medium-sized merchant customers same-day delivery services – often within an hour – through an integration partnership with Postmates
NewsMay 04, 2016 10:35 AM By Mike O'Brien
Amid difficult days for apparel companies, embattled teen retailer Aeropostale as expected has filed for Chapter 11 bankruptcy protection, and plans to close 113 U.S. stores. It joins other recent companies including Sports Authority and Vestis Retail Group, owners of Sports Chalet, Eastern Mountain Sports and Bob’s Stores.
NewsMay 03, 2016 4:32 PM By MCM Staff
Plow & Hearth, LLC. announced that it has acquired certain assets of Children’s Wear Digest, Inc. See what this means for both brands.