While the Chinese ecommerce market is growing wildly, getting goods there can prove tricky, attendees were told at Multichannel Merchant’s Growing Global conference.
Incoming UPS CEO David Abney said the company has to focus on growing international economies, better use technology and keeping the focus on employees.
July port traffic is projected to be at the highest level in five years, the NRF reports, as west coast port negotiations go on.
UPS plans to invest $1 billion in its European operations over the next three to five years, mostly focused on Germany, according to CFO Kurt Kuehn.
The purchase of Aspen builds on Plainfield, IN-based IDS’s strategy in e-fulfillment to serve 90% of the US with 2-day ground service, a critical component in the rapidly expanding ecommerce market.
As the deadline passed July 1, the two sides continuing talking to avert a west coast port strike.
A joint NRF/NAM study found a West Coast port strike could cost the U.S. economy up to $2.5 billion per day.
FedEx reported revenue was up 4% and net income up 141% for the fourth quarter ended May 31.
Walmart will open a 1.2 million sf distribution center in Indiana by 2015 that will distribute goods to more than 160 million people in two days or less.
MCM contributor Curt Barry offers practical information for shippers in light of dimensional weight pricing moves by major carriers.