SCD: FedEx plans four facility closures, layoffs in North Carolina and South Carolina
SUPPLY CHAIN DIVE reports: The layoffs come in the thick of FedEx’s Network 2.0 initiative, consolidating its ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
SUPPLY CHAIN DIVE reports:
The Postal Service aims to become the nation’s “preferred delivery provider” as part of its 10-year transformation plan under Postmaster General and CEO Louis DeJoy. There is plenty of work ahead for the agency to reach that ambitious goal, but package volume and revenue gains are a positive sign as other carriers struggle with soft demand.
“We see package shippers becoming more interested, as we begin implementation of the full features of our e-commerce marketing initiatives and the widely accepted offering of Ground Advantage,” DeJoy told the Postal Service Board of Governors on Thursday.
Ground Advantage is the result of the Postal Service consolidating three of its package shipping options — USPS Retail Ground, Parcel Select Ground and First-Class Package Service — into a single product. It offers delivery in 2 to 5 days for packages up to 70 pounds.
For its second quarter in service ending Dec. 31, Ground Advantage handled 614 million packages and made $3.3 billion in revenue, a sizable increase from its its debut quarter when it handled nearly 448 million packages and made $2.3 billion. That jump is unsurprising, however, given the surge in delivery activity the Postal Service and other parcel carriers see during the holiday season…
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