FedEx restructures fleet under US Postal Service contract
To take advantage of the expiration of a long-term contract with the U.S. Postal Service, FedEx is making a major shift in its global air cargo strategy. The shift was highlighted in the company's latest earnings briefing, Yahoo Finance sources reported. FedEx Chief Customer Officer Brie Carere emphasized the need to disrupt the fragmented and outdated air cargo market, which the company now believes is ripe for growth potential. Also Read: FedEx Restructures – Technology and People Challenges Prove to Intract FedEx has reportedly adjusted its operations to reduce U.S. domestic flight hours by 24% in the second quarter of its fiscal year as the Postal Service contract moves to UPS. This is consistent with IndexBox data, showing a global trend towards optimizing logistics operations. FedEx's revenue edged down 1% to $22 billion, while adjusted operating income fell 3% in the same period. An important part of FedEx's strategy involves implementing a color-coded simplification of its air network, known as…
2024 Holiday Shipping Deadlines: Major USPS, FedEx, and UPS
With the holidays approaching, it's important to plan ahead to ensure your cards, gifts, and packages arrive on time. Here are the key 2024 USPS, FedEx and UPS shipping deadlines covering domestic, international and military destinations to help you get through Hanukkah, Christmas, Kwanzaa and other holidays. USPS 2024 Holiday Shipping Deadlines For packages destined for the continental United States, the following USPS dates are recommended for delivery before December 25th: USPS Ground Advantage: December 18Regular mail: December 18Priority Mail: December 19Priority Mail Express: December 21 For Alaska and Hawaii USPS Ground Advantage: December 16Regular mail: December 18Priority Mail: December 19Priority Mail Express: December 20 If you're shipping internationally or to a military address, check USPS's detailed holiday shipping guide at usps.com for specific deadlines. FedEx 2024 Holiday Shipping Deadlines For domestic U.S. shipments, FedEx offers several options to get your package delivered by December 24: FedEx Same day: December 24FedEx Overnight Service: December 23FedEx 2Day: December 20FedEx Express Saver:…
FedEx Restructuring – Technology and People Challenges
FedEx has embarked on a $1.5 billion company-wide restructuring. The Tennessee-based transportation and logistics giant announced last year that it would combine its Express and Ground delivery units into one business model. The move unsettled insiders because separate operating structures have long been a legacy of founder Fred Smith. However, market forces indicated that a change was needed. As e-commerce grows, companies like FedEx are adapting to new, non-business-to-business business models. The merger of Ground and Express now more closely resembles the structure of FedEx's main competitor, United Parcel Service. However, a key difference between the two is that UPS has a union workforce, while FedEx relies on contractors to perform Ground deliveries. New members of FedEx's board have pushed for a restructuring, but technology and productivity challenges have bogged down the effort. Ground and Express have operated as separate units for decades. In some communities, it's common for Ground and Express trucks to deliver packages to the same homes…
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