package delivery

Global Freight Recession Drives UPS Profits Down by Over 30%
Global Freight Recession Drives UPS Profits Down by Over 30%
July 23, 2024  |  Earnings

Softened pricing, heightened labor cost, and a freight demand pullback are battering the shipping sector. And add to that dynamic operating landscape the recent delays...

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Pandion Raises $41.5 Million to Expand Residential Parcel Delivery Network
Pandion Raises $41.5 Million to Expand Residential Parcel Delivery Network
March 21, 2024  |  Investments

Pandion has raised $41.5 million in a Series B funding round to expand its residential parcel delivery network designed for eCommerce. The company will use...

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UPS Expands Reverse Logistics Footprint With Acquisition of Happy Returns
UPS Expands Reverse Logistics Footprint With Acquisition of Happy Returns
October 25, 2023  |  Retail

UPS plans to acquire Happy Returns, a software and reverse logistics company, to expand its returns footprint and enhance its digital solutions. This deal aims to address...

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Uber Adds Returns to Package Delivery Service
Uber Adds Returns to Package Delivery Service
October 04, 2023  |  Delivery

Uber’s package delivery service is now also a package return service. The delivery/ride-hailing giant announced Wednesday (Oct. 4) that it wants to help customers avoid...

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USPS Steps Up Competition for Small Packages With New Option
USPS Steps Up Competition for Small Packages With New Option
July 10, 2023  |  Delivery

The U.S. Postal Service (USPS) has launched a new shipping offering designed to let customers send packages within a delivery window of two to five days...

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Inflation and Double-Digit Volume Declines Push FedEx to Realign Its Air Operations
Inflation and Double-Digit Volume Declines Push FedEx to Realign Its Air Operations
March 16, 2023  |  Delivery

In the face of macro headwinds, FedEx is pulling on the operational levers it can pull. And that involves throttling back on some operations —...

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FedEx CEO Accelerates Cost Cutting as Package Volume Drops 
FedEx CEO Accelerates Cost Cutting as Package Volume Drops 
December 20, 2022  |  Delivery

FedEx CEO and President Raj Subramaniam is stepping up cost reductions as package volume drops.  “The declining demand trends we saw at the end of...

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US Postal Service to Slow Down Delivery of First-Class Packages
US Postal Service to Slow Down Delivery of First-Class Packages
April 18, 2022  |  Delivery

The U.S. Postal Service will be slowing delivery times for almost a third of first-class packages, as it attempts to lower costs and cut its...

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Lyft Directs Drivers To Take Jobs At Amazon
Lyft Directs Drivers To Take Jobs At Amazon
March 28, 2020  |  Ridesharing

While the coronavirus forces consumers to stay inside, Amazon is joining forces with Lyft to attract drivers for grocery and package deliveries. Lyft has directed...

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