Hempstead Consulting

With e-commerce activity reaching unprecedented levels, due to the ongoing COVID-19 pandemic, it has brought an increased focus on this week’s Amazon Prime Days, which are Tuesday, October 13 and Wednesday, October 14. The global e-commerce titan has often described Amazon Prime Days as “a 2-day parade of epic deals,” and there is no question that remains the case today, too. Now in its sixth year, Amazon Prime Days have become an event eagerly awaited and anticipated by consumers, and, from...

Logistics Management Group News Editor Jeff Berman recently caught up with Jerry Hempstead, principal of Orlando-based Hempstead Consulting. The pair discussed a wide range of parcel-related topics, including: the impact of COVID-19 on rates and pricing; peak surhcharges; the e-commerce supply chain; and the current status of the United States Postal Service, among others.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews one of the foremost parcel and express delivery experts in the market, Jerry Hempstead, president of Hempstead Consulting.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews one of the foremost parcel and express delivery experts in the market, Jerry Hempstead, president of Hempstead Consulting.

FedEx Corp. has announced that it is raising shipping rates beginning Jan. 1, 2018, with the shipping company saying that FedEx Freight, Express, Ground and Home Delivery shipping rates in the U.S. will increase by an average of 4.9%, among other rates.

U.S. District Judge Katherine Forrest said UPS is liable for having illegally shipped hundreds of thousands of cartons of untaxed cigarettes in New York, depriving the state and New York City of millions of dollars of taxes.

This industry expert panel provides an update on all the market shifts in store for parcel shippers, especially when it comes to pricing, service and managing an e-commerce centric supply chain.

UPS announced third-quarter 2016 diluted earnings per share of $1.44, a 3.6% increase over the same period last year, international operating profit increased 14% to $576 million, achieving the seventh consecutive quarter of double-digit growth.

The acquisition combines the strengths of the companies - the world’s largest air express network and an unparalleled European road network, which will expand the existing FedEx portfolio and reshape the global transportation and logistics industry.

During the shipping company's earnings call last week, FedEx CEO Mike Glenn brought up the Amazon rumors, calling them headline-grabbing but not realistic.

Trade and transport analysts see a negative international market outlook worsen, though some contend that this trend could be reversed later in the year, meanwhile, logistics managers should brace for a volatile period of rate fluctuation.

European Union regulators have unconditionally approved FedEx Corp.’s acquisition of Dutch parcel company TNT Express NV, ending a six-month antitrust investigation that had been one of the biggest hurdles for the nearly $5 billion deal.

The rate and surcharge changes are to address the impact of increased costs, changing demand for select UPS products and other market factors.

Package delivery company FedEx Corp reported a higher quarterly net profit, but missed Wall Street estimates as weak global economic conditions and the strong U.S. dollar weighed on results.

United Parcel Service Inc.’s second-quarter profit skyrocketed after getting a lift from its international and supply chain and freight divisions, with the Atlanta-based package shipper’s revenue dipping 1.2 percent to $14.1 billion. but profits spiked 171 percent to $1.23 billion.