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...The effects of labour shortages pushed costs in FedEx Ground up by $285m in its latest quarter. The US Postal Service said it expected to handle between 850m and 950m packages this holiday season....
...The company, which is often seen as an indicator of the health of the US economy, reported volume growth of 2 per cent for express packages and 5 per cent for ground deliveries, driven by online shopping...
...On the ground floor of United Parcel Service’s $2.2bn Worldport Hub, workers are stuffing into huge airfreight containers some of the roughly 1.1m packages that the centre in Louisville, Kentucky, handles...
...Operating income for FedEx Ground grew 2 per cent to $477m, on revenues up 10 per cent to $3.03bn....
...United Parcel Service , one of FedEx’s main rivals, lost 2.4 per cent to $71.94....
...Shares in FedEx climbed 8 per cent to $83.47 after the package delivery service reported earnings for the three months ended November 30 that were 76 per cent higher than last year....
...“It would appear that FedEx is preparing to spend millions of dollars trying to convince Congress that a FedEx driver delivering a package is different somehow [from] a UPS driver delivering a package,”...
...United Parcel Service , the logistics and package-delivery group, dropped 3.7 per cent to $70.57 after it cut its first-quarter earnings estimate, saying that domestic shipments were slowing as the US economy...
...The US must reinvest in its ageing, overused transportation networks or risk losing ground to the world’s other leading economies, United Parcel Service’s chief executive said....
...delivery system....
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