Amazon pushes into LTL for small package fulfilment and UPS does a u-turn
Amazon ended speculation about a foray into the LTL sector with an offering for inbound ...
After weaker results in the second quarter, UPS has lowered its revenue projection for the year by a whopping $4bn, citing lost business and higher costs.
But management attributed much of the decline in results to the contract negotiations with the Teamsters union, which represents about 340,000 UPS employees, the majority of its workforce.
This cost the integrator about a million parcels a day as customers shifted traffic to other operators, worried a strike might hit their deliveries.
Q2 revenue fell to $22.06bn ...
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Francis Kirkwood
August 09, 2023 at 3:30 pmIt could be possible to pick up volumes by due to the demise of Big Yellow, parcel delivery can only grow Year by year anyway due to the demographics of an older population and the introduction of low emission regulations which are becoming more prevalent in the U.K. and other European countries.