Canada Post reports record loss of $385M as parcel revenues plunge
Canada Post is essentially insolvent and says it needs another cash infusion to survive in the midst of labor unrest and rapidly shrinking parcel business.
Canada Post is essentially insolvent and says it needs another cash infusion to survive in the midst of labor unrest and rapidly shrinking parcel business.
E-commerce volumes have been trending upwards much of the year in Australia and the postal operator has added weekend delivery for the busy holiday season.
The left-engine separation that caused a UPS cargo jet to crash in Kentucky this month is tied to metal fatigue in a key structural component, a preliminary report by investigators said.
Walmart posted strong e-commerce numbers for the third quarter and is developing digital tools to make it even easier for customers to place online orders for delivery.
DHL Express has switched to a larger cargo jet operating between Hong Kong and a major manufacturing region in Malaysia to keep up with transport demand.
UPS is making adjustments to keep shipments moving after taking 27 MD-11 aircraft out of service for inspections trying to help customers with stranded goods in a warehouse damaged during the Nov. 4 crash of a UPS flight.
After the U.S. Postal Service deemphasized last-mile delivery service for parcel consolidators, the new chief now says workshare partnerships are a path to revenue growth.
The U.S. Postal Service is looking to its parcel business for revenue growth. On Friday, it announced another round of rate increases.
The good news is the U.S. Postal service trimmed its net loss by $500 million in FY2025. The bad news? It still lost $9 billion and operating losses increased $900 million.
The European Union is cracking down on the wave of low-value e-commerce shipments from China. Importers could soon have to pay duties on parcels that currently can enter the zone for free.
UPS could unite management, its union workforce and the cost-efficient crowd-sourced delivery model by trying a new triple-win strategy centered on the UPS Store.
FedEx says it has implemented backup plans to continue delivering parcel and freight shipments without interruption after 25 widebody cargo jets were sidelines for inspections after the UPS aviation accident.
Mark Dimonstein of the American Postal Workers Union left his mark on the postal labor front during his long presidency.
The FAA has prohibited all MD-11 aircraft from flying after the deadly crash of a UPS MD-11 cargo jet this week.
UPS is quickly getting back to work at its Worldport air parcel hub after a one-day suspension of cargo operations because of a major aircraft accident.
Amazon is working to improve driver safety, efficiency and job satisfaction with more investments in high-tech driver academies, AI-powered tools and higher pay rates.
The Teamsters union plans to file a grievance against UPS over the use of non-union drivers by a UPS e-commerce subsidiary, FreightWaves has learned.
Amazon has added a third freighter flight to Honolulu, paving the way for next-day parcel delivery and is carrying pineapples back to the U.S. mainland.
About 2,000 unionized delivery drivers accepted a buyout offer from UPS in the third quarter, according to an estimate by Satish Jindel, a long-time parcel shipping consultant and president of ShipMatrix. UPS CEO Carol Tomé said during Tuesday’s earnings briefing that the buyouts will cost the company $175 million. The Atlanta-based parcel logistics giant has […]
DHL has moved to a bigger package distribution center just outside Manhattan, upgraded parcel handling technology and added a freighter aircraft service to Newark as part of strategic investment in the New York market.