Shipping
USPS, Under Pressure, Upgrades EV Plan
The U.S. Postal Service today announced a major upgrade to its planned rollout of electric vehicles to replace its aging delivery fleet, saying the USPS will purchase only EVs after 2026, as the agency bows to significant pressure from Washington and the states to expand and speed up its changeover.
Warehouse Space Demand Will Shrink in 2023
Demand for warehouse space will decrease in 2023, experts predicted, but companies will still be looking to fill in network gaps opportunistically, while continuing to move sourcing and inventory closer to domestic customers to hedge against supply chain shocks. Consolidation of the 3PL sector is expected to continue.
Supply Chain, Sustainability Tools: Working in Tandem
Shippers know they must prioritize sustainability to remain competitive and align with customer demands. They also know that they must leverage technology to measure their company’s supply chain carbon impacts accurately and set attainable sustainability goals. To solve this, they need to break out of traditional ways of doing things.
Pitney Bowes Investor Calls for Board Takeover, New CEO
Pitney Bowes will get a board makeover with an installed majority and a new interim CEO, if investor Hestia Capital has its way, actions that have led management to take defensive measures. The hedge fund said it’s taking these hardball measures after the company refused its offer last month to bring in three new outside directors.
Foreign Trade Zones: A Hidden Gem for Retailers
Foreign Trade Zones (FTZs) have been around since 1934, yet many retailers don’t know the program exists, or anything about the benefits they can realize from deferring or eliminating import duties, tariffs and taxes. This MCM Special Report taps experts in logistics, importing and FTZ operations to help you make an informed choice.
