UPS Bests FedEx in On-Time Performance during Christmas Week
Because of a policy shift and a willingness to turn away last-minute volume, UPS had a better Christmas week 2015 on-time performance record than FedEx.
FedEx
Cyber Weekend Ecommerce Surge Slows Carrier Networks
Cyber Weekend, while a boon for retailers, hit UPS’ on-time performance, according to ShipMatrix. UPS says its network is operating as expected, most customers are getting packages on time, and it doesn’t put stock in ShipMatrix data. The company did say it experienced higher-than-expected volumes in some locations.
UPS Says Holiday Peak Volume Will Grow 10%
UPS expects holiday volume to grow 10%, as Q3 revenue dipped but profit grew through cost-cutting measures like expanded pickup locations, sort reductions.
FedEx Projecting 12.4% Growth in Holiday Volume
FedEx is predicting a record 317 million shipments between Black Friday and Christmas Eve this year, a 12.4% increase in volume compared to 2014.
UPS Pilots Vote for Strike, While FedEx Settles With Its Union
The union representing UPS pilots voted in favor of a strike to settle a four-year-long negotiation, as FedEx reached a six-year deal with its pilots union.
FedEx Raises Some Shipping Rates Ahead of Peak
FedEx has announced a number of rate changes, some of which will take place in January while others will take effect Nov. 2, ahead of the holiday rush.
FedEx Grows Profit but Misses Analyst Forecast, Lowers Outlook
FedEx grew Q1 revenue and earnings but missed analyst forecasts, and lowered its fiscal 2016 outlook. Weak global conditions and currency issues were cited.
UPS To Hire up to 95,000 for Holiday Season
UPS said it expects to hire 90,000-95,000 seasonal employees this year to support the anticipated increase in package volume, the same as in 2014.
French Supply Chain Giant Geodis to Buy OHL
Continuing a recent trend in logistics consolidation, France’s supply chain giant Geodis plans to acquire U.S.-based 3PL OHL for an estimated $800 million.
EU Probing FedEx’ Proposed Acquisition of TNT Express
The EU is investigating whether FedEx’ proposed acquisition of TNT Express would be an anti-competitive deal in the European parcel delivery market.