News

Package Delivery

Reuters | Equities.com |

United Parcel Service Inc said on Thursday it was offering buyouts to some employees, as Chief Executive Carol Tomé aims to curb costs at the delivery firm.

“Aligning our talent with the needs of our company and customers is critical to becoming a stronger, more agile UPS,” a company spokesperson said in a statement.

The Wall Street Journal had earlier reported workers would leave in two phases - by the end of 2020 and mid-2021.


AP News | Equities.com |

FedEx’s profit jumped 67% in its latest quarter, as online shopping soared among customers avoiding stores and shipments between businesses improved.

The delivery giant reported Tuesday that it earned $1.25 billion during the three months that ended Aug. 31, FedEx’s fiscal first quarter. That was up from $745 million a year earlier.

Its revenue rose to $19.32 billion, up 13% from $17.05 billion in last year’s quarter...


Reuters | Equities.com |

United Parcel Service Inc on Wednesday said it would hire more than 100,000 workers for the winter holiday season, which retailers are stretching out to avoid overwhelming a delivery network already taxed by pandemic-fueled online shopping.

The world’s largest package delivery company plans to hire about the same number of seasonal holiday helpers as last year. It expects this year’s peak season to extend from October to January - one month lo...


Reuters | Equities.com |

Amazon.com Inc’s drone service has received federal approval that will allow the company to begin testing commercial deliveries through its drone fleet, the e-commerce giant said on Monday.

Amazon Prime Air, the company’s special service delivering packages in 30 minutes or less, has been approved by the U.S. Federal Aviation Administration (FAA) to test delivering orders using autonomous drones.

The company joins Alphabet Inc’s unit Wing a...


AP News | Equities.com |

Amazon says it’s buying 1,800 electric delivery vans from Mercedes-Benz, the biggest such order for the German automaker to date.

In announcing the order Friday, Mercedes said it would also join a climate initiative established by Amazon founder Jeff Bezos. By signing up to The Climate Pledge, Mercedes-Benz commits itself to going completely carbon neutral by 2039.

Scientists say man-made emission of greenhouse gases such as carbon dioxide must end by...


Reuters | Equities.com |

United Parcel Service Inc exceeded analyst estimates for quarterly profit and revenue on Thursday as pandemic-fueled rises in lucrative healthcare and air shipments helped offset a margin squeeze from surging e-commerce home deliveries, sending shares up as much as 17.6%.

The novel coronavirus outbreak has disrupted operations at UPS and other large delivery firms - accelerating shipments of everything from fac...


Reuters | Equities.com |

Amazon.com is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc and FedEx Corp, as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc.

The world’s largest online retailer ordered more than 2,200 heavy-duty Utilimaster “walk-in” delivery trucks from Shyft Gr...


Reuters | Equities.com |

LOS ANGELES (Reuters) - Shares of FedEx Corp jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected quarterly profit and revenue.Adjusted profit at Memphis-based FedEx fell by almost 50% to $663 million, or $2.53 per share, for the quarter ended May 31. Revenue slipped to $17.4 billion from $17.8 billion a year earlier.Analysts, on average, expected a profit of $1.52 per share on revenue of $16.4 billi...