PostalMag

FedEx unveiled its four-year growth strategy on Thursday, setting a goal of 14% profit growth by 2029.

Amazon continues to set the pace for parcel delivery expectations, rolling out same-day pharmacy delivery to another 2,000 locations this year.

Newbie parcel carrier Gofo stoked its big growth ambitions with the acquisition of Cirro E-commerce, an e-commerce logistics platform company, giving it better inroads to retail customers.

UPS is preparing a second voluntary buyout offer for parcel delivery drivers. The Teamsters union has gone to court to force UPS to withdraw the program on the grounds that it doesn’t adequately compensate drivers and undermines the union.

FedEx has partnered with three investment companies to buy European parcel carrier InPost and take it private, with both sides leveraging complimentary strengths in last-mile delivery and global distribution.

Sun Country Airlines generated record cargo revenue last quarter as its Amazon flying business took off.

The U.S. Postal Service saw quarterly adjusted operating income tumble by nearly two-thirds as parcel volume fell by double digits and revenue contracted during the peak shipping season.

ShipTime Canada is expanding its last-mile virtual delivery network with the acquisition of on-demand warehouse platform Warehowz.

FedEx has filed plans with local planning authorities for the addition of another major parcel sorting building at its super hub at Memphis airport in Tennessee.

Logistics provider Stord continued its e-commerce expansion on Tuesday with a deal to absorb a warehouse and customers that American Eagle Outfitters is leaving.

Veho is offering e-commerce shippers a way to reduce costs so they can offer free shipping if they are willing to accept day-range certainty instead of a day-definite delivery, in effort to differentiate themselves from other independent parcel carriers.

Canada Post and the Canadian Union of Postal Workers have finally finalized language on a new labor contract. It’s been a long, difficult process.

UPS is continuing to cut down Amazon volumes and consolidate package sorting centers in a bid to improve efficiency and shipment yields.

American Eagle Outfitters is closing down Quiet Logistics and Office Depot is cutting its logistics service subsidiary Veyer, demonstrating that sidelight businesses can be distractions from core retail execution.

UPS has accelerated the retirement of its MD-11 freighter fleet because they will likely require extensive repairs to make them airworthy following a fatal crash and there are newer planes in the delivery pipeline.

Alaska Airlines says it needs to update its transportation services agreement with Amazon because the current cargo flying isn’t profitable.

The U.S. Postal Service has launched a new platform for e-commerce retailers to submit bids for its last-mile delivery service.

Businesses are worried that they will incur higher costs to comply with a proposed rule from the U.S. Postal Service that would require submission of parcel dimensions for small packages.

The TD Cowen/AFS Logistics index shows sharp rises in parcel delivery rates, spurred by strategic use of surcharges.

Temu has sprinted to the top of the leader board of e-commerce retailers selling in overseas markets.