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Quarterly revenue, at $23.5 billion, increased 7% annually, and operating income, at $1.38 billion, was up 31%. Earnings per share, at $4.82, beat Wall Street expectations, at $4.02.

Operating revenue, at $80.5 billion, saw a 1.2% annual gain over fiscal year 2024, which USPS said was largely paced by its USPS Ground Advantage offering, as well as what it called strategic price increases in its mail and shipping groups. And its net loss under generally accepted accounting principles, at $9.0 billion, trailed the $9.5 fiscal 2024 net loss.

Quarterly consolidated revenue, at $21.4 billion, fell 3.7% annually, and basic earnings per share, at $1.74 (topped Wall Street estimates of $1.29), fell $0.24, or 13.4%, annually. Total operating profit, at $1.8 billion, was off 9.1% annually. 

Q3 Freight Index: Carriers Fight Margin Pressure as Industry Faces Longest Downcycle in Years AFS and TD Cowen highlight freight market complexity, with historical models and economic shifts shaping short-term forecasts.

Los Angeles-based alternative parcel delivery platform services provider Veho said this month that it has taken steps to expand its Southern California presence.

The company stated that FedEx package standard list rates for U.S., U.S. export, and U.S. import services will increase by an average of 5.9%. And it said that rates for FedEx Ground Economy, FedEx Ground Multiweight, FedEx International Premium, and FedEx International Priority Direct Distribution will also head up.

USPS said that the objective of temporary price adjustment, “is to help cover extra handling costs to ensure a successful peak season.”

The strike halts mail and parcel deliveries nationwide just as the holiday season approaches.

Trade downs to more cost-effective services were a key factor in declining fiscal first quarter earnings, Memphis-based global freight transportation and logistics services provider FedEx reported late yesterday. Quarterly revenue, at $21.6 billion, was down 0.5% annually, and operating income, at $1.21 billion, was off 24%. Earnings per share, at $3.60, were down from $4.55 a year ago and fell short of Wall Street expectations of $4.64.

The United States Postal Service (USPS) said this week it is taking steps to implement what it called a new strategic approach, regarding its contracts with package consolidator companies, which they define as those who consolidate large volumes of packages for entry into various points of the USPS network.

A new survey issued by New York-based AlixPartners, entitled “2024 U.S. Consumer & Executive Home Delivery Survey,”was conducted in the second quarter, receiving feedback from 1,100 U.S. consumers aged 18 or above and 110 North American-based transportation, logistics, and supply chain executives at companies with more than $100 million in annual revenue.

Following an April 2023 announcement, in which Memphis-based global freight transportation and logistics services provider FedEx said that, effective June 2024, it will consolidate all of its operating companies into a single organization, CEO Raj Subramanian offered up some insight into the initiative at investment firm Bernstein’s 40th Annual Strategic Decisions Conference this week.

The new edition of the TD Cowen/AFS Freight Index, which was recently released by New York-based investment firm TD Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, was somewhat mixed, with less-than-truckload (LTL) and truckload rates steady, and parcel rates being impacted by fuel surcharge increases and various accessorial charges amid lower demand.

How this simple, sustainable solution could ease the problem of double-parked delivery vehicles.

OnTrac said this new service offering went into effect on Saturday, March 16, adding it is available in 75% of its delivery network, covering 31 states and Washington, D.C., reaching more than 175 million consumers.