Parcel

During this podcast, Nightingale provided a detailed overview of the new Cowen/AFS Freight Index report and variuous market issues.

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.

Atlanta-based global freight transportation and logistics services provider UPS unveiled details regarding its strategic growth and productivity initiatives and its three-year financial targets at its Investor Day. Company officials stated that through its ongoing “Customer First, People Led, Innovation Driven” strategy, UPS is focused on setting up to the company to be the “premium small package provider and logistics partner in the world.”

Quarterly revenue, at $21.7 billion, was off 2.3% annually, and operating income, at $1.24 billion, rose 16% annually. Earnings per share, at $3.51, topped the $3.05 from a year ago, topping Wall Street expectations of $3.30. Net income, at $879 million, was up 12% annually.

When Memphis-based global freight transportation and logistics services provider FedEx and global e-commerce giant Amazon ended their business relationship in 2019, one could have likely assumed, at the time, that the breakup was permanent.

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.

Paccurate put together this report to support your cost-saving and sustainability initiatives this year.

UPS noted that with this move it is the first global small package carrier in Canada to provide committed Saturday ground residential delivery of shipments from the United States and within Canada at no additional charge.

Lean how logistics giants and small businesses can ensure the seamless flow of parcels without enough hands-on deck.

Collaboration integrates Banyan’s extensive less-than-truckload (LTL) services into ProShip’s advanced Parcel offering to expand shipping options for clients.

Perfect your packing for efficient shipping.

Quarterly revenue, at $24.9 billion, saw a 7.8% annual decrease, and adjusted earnings per share, at $2.47, were off 31.8%. Consolidated quarterly operating profit came in at $2.5 billion, which was off 22.5% annually on an adjusted basis.

UPS explained that through this service, its customers can reach more than 620,000 US businesses earlier than its leading competitors, with its guaranteed morning two-day delivery.  

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