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Fedex

FedEx and UPS hike prices for 2024, but not as much

by Justin Ho
Sep 11, 2023
Shipping companies need to cover their higher costs, but there's a limit to how much they can pass on to customers.
Carriers like UPS and FedEx know there is a limit to how much they can raise prices, said Jason Miller of Michigan State.
Robert Nickelsberg/Getty Images
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FedEx meets lowered demand for shipping with cost-cutting and layoffs

by Elizabeth Trovall
Jun 21, 2023
As consumers favor services over buying goods, FedEx and other shippers are feeling the pinch.
FedEx is spending more on wages and equipment while people are choosing experiences over goods.
Justin Sullivan/Getty Images
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FedEx says shipping volume is down. That's a bad sign for the global economy.

by Stephanie Hughes
Sep 16, 2022
The company's CEO thinks it is a sign of an impending global recession. One analyst says some of the decrease in volume is "self-inflicted."
FedEx said it will be reducing the frequency of its flights and closing more than 90 FedEx Office locations.
Joe Raedle/Getty Images
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FedEx pulls back on some Sunday delivery

by Matt Levin
Jul 22, 2022
Under pressure from the contractors who actually do a lot of the deliveries, the company will stop delivering on Sunday primarily in rural areas.
Dogs might appreciate the reduction in FedEx's Sunday deliveries, along with many drivers on rural routes.
Spencer Platt/Getty Images
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FedEx fights labor shortage as holiday season approaches

by Meghan McCarty Carino
Sep 23, 2021
Companies could put a cap on the number of deliveries they accept, leaving the overflow to the postal service.
Pedestrians walk past a FedEx truck in the Financial District in New York City.
Drew Angerer/Getty Images
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COVID-19

A holiday glut of packages prompts a shipping crisis for small businesses

by Justin Ho
Dec 24, 2020
Retailers are increasing shipping fees while fielding more calls from customers, asking, "Where's my package?"
Mail carriers load up their trucks at a USPS distribution center in El Paso, Texas, earlier this year.
Paul Ratje/AFP via Getty Images
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COVID-19

Will the boom in shipping last after the pandemic?

by Justin Ho
Dec 17, 2020
As FedEx reports its quarterly figures, what may be in store for companies trying to fulfill the demand for e-commerce deliveries?
A FedEx driver makes deliveries in Manhattan on Sept. 17, 202,0 in New York City.
Spencer Platt/Getty Images
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Workplace Culture

Postal Service delays could move jobs to private competitors

by Meghan McCarty Carino
Aug 12, 2020
Recent problems at the USPS could lead to more businesses using private companies for shipping — and that could have consequences for workers.
A Postal Service worker on the job in El Centro, California. Leadership changes could affect the workforce's options.
Mario Tama/Getty Images
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Postal Service could come to a halt by June as it bleeds cash

by Jasmine Garsd
Apr 13, 2020
The pandemic has caused another sharp decline in business.
COVID-19 has caused another sharp decline in USPS' business, and the cost of keeping employees outfitted in gloves and masks is adding to its financial troubles.
Mario Tama/Getty Images
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When overnight delivery doesn't quite cut it

by Justin Ho
Dec 18, 2019
FedEx reported weaker than expected earnings for the most recent quarter.
Pedestrians walk past a FedEx truck in the Financial District in New York City.
Drew Angerer/Getty Images
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