Latest news with #EricKulisch
Yahoo
10-07-2025
- Business
- Yahoo
Parcels drive 2% global revenue gain for postal operators
Global postal revenues increased 2.1% on average in 2024 on the strength of parcel shipping, according to preliminary results published Thursday by the International Post Corporation. 'Posts' efforts to increase efficiency while at the same time capture e-commerce growth, paid off. The overall economic uncertainty continues, however, to put pressure on posts,' who must continue to pursue transformation, said Holger Winkbauer, the CEO of IPC, in a news release. The report covers postal operators in 49 countries. While global letter mail volumes dropped, reflecting continuing digital substitution, parcel volumes are rebounding, driven by online shopping and cross-border e-commerce flows. Postal operators are expanding e-commerce services to capture this trend. In Asia Pacific, a growing middle class and urbanization are driving parcel demand. Regulatory obligations such as universal service mandates and certain price caps continue to constrain pricing flexibility, especially for legacy mail networks and in rural areas, the IPC report said. Despite wage pressures and fuel prices, parcel unit prices have been under competitive pressure. The postal industry is responding to the difficult operating environment by optimizing networks, diversifying in areas such as financial services and logistics, investing in automation and digital platforms to increase efficiencies and improve service. Managing costs and sustaining parcel momentum are keys to maintaining posts' financial viability, the IPC said. The U.S. Postal Service, for example, is implementing a restructuring plan called Delivering for America that includes streamlining ground and air transportation, and distribution centers. But the agency has less flexibility to address financial shortfalls than mail systems in other countries, the Office of Inspector General found earlier this year. In 2023, postal operators collectively experienced a 1.5% increase in revenues. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. US ranks low among international postal services on financial flexibility US Postal Service expands new delivery standards nationwide US parcel market to grow 36% by 2030, Pitney Bowes says The post Parcels drive 2% global revenue gain for postal operators appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
FedEx to terminate nearly 500 jobs, close two facilities
FedEx plans to get rid of more than 480 workers and close two facilities by the fall as it moves forward with a huge network consolidation program. The integrated logistics provider disclosed the plans in public notices to workforce development agencies in four states. FedEx (NYSE: FDX) said it will close package distribution stations in Greensboro, North Carolina, and Omaha, Nebraska, resulting in the elimination of 164 and 102 jobs, respectively. In a letter to the Nebraska Department of Labor, FedEx said it is relocating work at the Omaha facility to another one within 50 miles. The company also announced 84 positions will be eliminated at a facility in Des Moines, Iowa. Another 131 staff reductions are planned this summer at facilities in Garland and Plano, Texas. The closures and layoffs will take effect Sept. 1. FedEx said the closures and layoffs are related to Network 2.0, a multi-year effort to integrate the separate FedEx Express and FedEx Ground networks for improved delivery efficiency and reduction of transportation costs. The Commercial Appeal, FedEx's hometown newspaper in Memphis, Tennessee, broke the news about the latest layoffs and closures. FedEx said many workers will be offered other roles within the company, although that could require some of them to commute long distances or relocate. FedEx executives said during a recent earnings presentation that it plans to close 30% of its parcel terminals within two years, as FreightWaves reported. In June, FedEx combined the operation of 63 stations across 20 local markets. So far, FedEx has optimized operations in 100 U.S. facilities. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. FedEx, UPS lose parcel market share to retailers, small couriers US parcel market to grow 36% by 2030, Pitney Bowes says FedEx to close 30% of package facilities as network integration ramps up The post FedEx to terminate nearly 500 jobs, close two facilities appeared first on FreightWaves.
Yahoo
10-07-2025
- Business
- Yahoo
Polish parcel powerhouse InPost buys Spanish delivery provider
InPost, a fast-growing express delivery firm based in Poland, has acquired Spanish courier and fulfillment provider Sending, the company announced Wednesday. The deal, part of a broader European push, expands its logistics network and product offering on the Iberian Peninsula. Sending provides 24-hour door-to-door delivery service, which will complement InPost's network of 3,000 parcel vending machines and more than 9,000 pick up and drop off points in Spain and Portugal. InPost will also add 155 logistics centers to its network, bringing the total number of facilities in Spain to 170. Sending also serves Andorra, Gibraltar, the Canary Islands and the Azores, and also provides transport services to Spain and Portugal from Belgium, France, Germany, Italy, the Netherlands and the United Kingdom. InPost also operates in Luxembourg. InPost says it has the second-largest parcel locker network in the Iberian Peninsula, with plans to add another 1,000 units by the end of the year. 'We are consistently implementing our expansion strategy across Europe – both through organic growth and the acquisition of attractive companies in key markets. This strategic step, like our recent acquisitions in the UK, will not only expand our reach but also accelerate the development of innovative out-of-home delivery solutions,' said Rafał Brzoska , founder and CEO of InPost Group. InPost earlier this year acquired Yodel for $144 million, making it the third-largest independent parcel operator in the UK. Terms of the Sending deal were not disclosed. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. Write to Eric Kulisch at ekulisch@ READING: US parcel market to grow 36% by 2030, Pitney Bowes says DHL Express Canada resumes service after workers ratify labor deal The post Polish parcel powerhouse InPost buys Spanish delivery provider appeared first on FreightWaves.
Yahoo
08-07-2025
- Business
- Yahoo
J&T Express reports 24% jump in parcel shipments
Rapid international expansion continues to fuel growth at Hong Kong-based e-commerce logistics provider J&T Express, which reported record second quarter volume of 7.4 billion parcels, up 23.5% from the prior year. Total parcel volume for the first half of the year increased 27% to 14 billion pieces. J&T Express achieved full-year profit for the first time in 2024 behind a 16% increase in revenue to $10.3 billion. It turned a net profit of $110 million compared to a $1.2 billion loss in 2023. The company, which operates in 13 countries, processed 81.2 million parcels on an average daily basis during the second quarter. J&T Express is a major express carrier in Southeast Asia, with a market share of 29%, according to independent research groups and the company. Customers include popular e-commerce platforms, local brands and B2B shippers. In addition to serving e-commerce platforms, J&T has also expanded into parcel delivery for general customers. The courier reported that volumes increased by two-thirds to 1.7 billion parcels in the region during the April-June period — the fastest single quarter since its listing on the Hong Kong Stock Exchange in October 2023. The company officially launched in Indonesia in 2015. Full-year regional volumes last year exceeded 4.5 billion pieces J&T is heavily investing to improve its network capacity and efficiency in Southeast Asia. It added another 700 service points during the first half of the year, bringing the total number of delivery stations to 10,500. The carrier now has 5,400 line-haul vehicles after adding 800 vehicles this year. It also invested in 58 additional automated sorting machines across multiple countries. China is J&T's largest market. In the second quarter, it handled 5.6 billion parcels, representing a 14.7% increase year over year. Toy manufacturers are one of the large industry verticals it serves. In October, the company opened a 1.6 million-square foot, self-operated distribution park in Yangzhou that can process up to 6 million parcels per day. The facility is equipped with advanced sorting technologies, including cross-belt sorters for inbound and outbound shipments, tilt-tray sorters, high-speed unloading wheels, smart scanners, and security scanners. The express carrier is also pushing into Latin America and the Middle East, with footholds in Saudi Arabia, United Arab Emirates, Egypt, Mexico and Brazil. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. FedEx, UPS lose parcel market share to big retailers, small couriers DHL Express Canada reinstates service after workers ratify labor deal The post J&T Express reports 24% jump in parcel shipments appeared first on FreightWaves.
Yahoo
24-06-2025
- Business
- Yahoo
FedEx retires a dozen freighter aircraft in efficiency move
FedEx Corp. said Tuesday that it permanently retired 12 aircraft and took a $21 million impairment charge during the fourth quarter as part of an effort to streamline the air network in line with demand and modernize the fleet. The Memphis, Tennessee-based express logistics giant said it removed seven Airbus A300-600 aircraft, three large MD-11 tri-engine freighters and two Boeing 757-200 (large narrowbody) freighter aircraft from the fleet. It also got rid of eight engines. During the fourth quarter in 2024, FedEx decommissioned 22 Boeing 757 cargo jets. FedEx (NYSE: FDX) said in its previous earnings report on March 20 that it had exercised options to buy eight Boeing 777 freighters and pushed back retirement of the MD-11 fleet from 2028 until 2032 because of strong international parcel demand. It also announced plans to acquire 10 additional ATR 72-600 turboprop freighter aircraft, with deliveries scheduled for the tail end of the decade. The aircraft retirements reduce FedEx's fleet to 698 aircraft, comprising 382 mainline jets and 316 feeder planes operated by partner airlines. FedEx's fleet size has ranged from 670 to 710 aircraft since 2018. FedEx still has 90 757s, 34 MD-11s and 58 A300-600s in service. FedEx is flying less in the United States after its contract with the U.S. Postal Service expired in September, its strategy to pursue premium international air cargo that is traditionally consolidated and booked on airlines by freight forwarders has increased the need for widebody freighters. FedEx reported revenues for the quarter ended May 31 inched up less than 1% to $22.2 billion and that operating margin increased 8% due to structural cost reductions in its multi-year Drive initiative and higher volumes at FedEx Express. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. FedEx says economic uncertainty slowing parcel and freight demand FedEx taps leaders from within for LTL spinoff, to Wall Street's dismay FedEx converts parcel freighter to heavy cargo operation The post FedEx retires a dozen freighter aircraft in efficiency move appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
