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...Yet a much milder 2 per cent decline in the shares of arch-rival FedEx suggests UPS has some unique problems....
...shipping rates through FedEx Express....
...According to the Pitney Bowes shipping index, UPS delivered one in four of the 58mn parcels shipped in the US each day last year, more than FedEx or Amazon and second only to the US Postal Service....
...But speaking to the Financial Times, Mr Pearson, CEO of DHL’s international shipments division, a UPS and FedEx competitor, said the group, which operates one of the world’s fleets of cargo planes, would...
...FedEx said it would make changes allowing it to double the volume of cargo moving out of ports at night....
...Unlike UPS, which gets about 62 per cent of its revenue from the US, FedEx is more exposed to international shipping. This reflects its €4.4bn acquisition of Dutch company TNT Express in 2016....
...demand for international shipping, and investors will look to the Federal Reserve’s policy-setting committee today for more detail on the central bank’s new inflation policy....
...FedEx, another US carrier, is also moving to electrify. But Roxo, the courier’s under-development delivery robot, is not yet welcome everywhere....
...In May, Uber announced it would cut almost 7,000 jobs, with 45 international offices marked to either close or be consolidated....
...Revenues at the company’s international segment edged up a more modest 0.5 per cent to $3.49bn....
...The New York-based US Court of International Trade issued a temporary order on Friday banning American customs agents from collecting duties from PrimeSource Building Products Inc, after the company filed...
...However, UPS and its rival FedEx face growing competition from Amazon’s freight delivery service....
...In its international segment, UPS saw revenues grow by 2.9 per cent to $3.8bn and operating profit rise 6.2 per cent to $781m....
...A version of this article was first published by the Nikkei Asian Review on October 24 2018. ©2018 Nikkei Inc. All rights reserved....
...A version of this article was first published by the Nikkei Asian Review on June 8 2018. ©2018 Nikkei Inc. All rights reserved....
...The malware spread worldwide because many large international businesses had subsidiaries in Ukraine with computer systems linked into their global networks....
...And TNT, an arm of US logistics group FedEx, said it “cannot measure the financial impact” but noted that it “could be material”. Advertising group WPP has also been vague on the financial impact....
...The stocks have come under pressure as fuel and labour costs have risen, alongside concern a travel ban implemented by the Trump administration could curtail demand from some international markets....
...AP Moller-Maersk, the shipping company, WPP, the advertising group and FedEx are among the worst affected by the attack, but have not yet commented on any financial fallout....
...Meanwhile, international package revenue rose 2.2 per cent to $3bn, while operating profit rose 14 per cent to $576m....
...West Texas Intermediate, the US oil marker, rose 2.9 per cent to $45.34 a barrel, while international standard Brent advanced 2.1 per cent to $46.83....
...While pitting itself in direct competition with the likes of FedEx and UPS, Amazon will also aim to facilitate a route to the international marketplace for smaller manufacturers ahead of Alibaba, the leading...
...Now DHL, FedEx, Royal Mail and other courier and delivery companies are bracing themselves for an expansion of the group’s North American UberRush service into Europe....
...“Despite contraction of US exports due to high US dollar and low world GDP and trade growth, the overall market for international door-to-door express continues to increase, also driven by ecommerce,” Mr...
...The international package unit was held back by the dollar’s strength. Quarterly operating profit rose from $335m to $580m, on revenues down 7.3 per cent to $3.18bn....
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