USPS Reports Q2 Net Loss of $1.5B but 14.4% Gain in Parcel Volume
The USPS reported a $1.5B net loss in Q2, but a 14.4% gain in shipping and parcel volume, nearly double the 7.3% bump in 2014, boosting operating revenue.
The USPS reported a $1.5B net loss in Q2, but a 14.4% gain in shipping and parcel volume, nearly double the 7.3% bump in 2014, boosting operating revenue.
A roundup of news items covering retail operations, fulfillment and delivery.
Dutch firm TNT Express reported an operating loss and lower comparable revenues for Q1 and said it faced a challenging 2015 ahead of the FedEx acquisition.
UPS’s Q1 net income was up 12.6% to $1.02 billion, as executives said they’re making gains in revenue and profitability in its growing ecommerce business.
The USPS has put on hold planned pricing increases in parcel services until all pricing requests across products were approved by the PRC.
While many carrier tactics can be detrimental and costly for shippers, there are certain things shippers can do to offset the bottom-line effect.
Convenience, flexible delivery and payment options continue influence online consumers worldwide, says a new study conducted by comScore on behalf of UPS.
The increasing complexity of today’s supply chain – brought on, in large part, by the surge in omnichannel retailing – will be a key theme and topic addressed at Multichannel Merchant’s 4th Annual Operations Summit, held April 14-16 in Louisville, KY.
Business owners are seeing the cost impact of new dimensional weight pricing from FedEx and UPS and exploring their options.
UPS CEO David Abney said the company will add peak season surcharges on residential deliveries to recoup network investments and improve operating results.