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FedEx Ground Sunday delivery available for 95% of US population
FedEx Ground's seven-days-a-week residential delivery will cover 95% of the US population as of September 13th 2020. The international courier company added Sunday delivery as part of its standard service earlier this year, ...
Unprecedented year-end surges expected for FedEx and UPS
As the COVID-19 pandemic boosts online retail, courier companies are set for an unprecedented surge in parcel volume this holiday season. UPS and FedEx are expected to hire hundreds of thousands of seasonal staff to help cop...
Amazon is now delivering two thirds of its own packages
Amazon delivered 66% of its own packages in July 2020, up from 54% in July 2019 and 61% between April and June. Like other companies including FedEx, UPS and DHL, Amazon has been enjoying an e-commerce boost due to the COVID...
FedEx CEO discusses changes and challenges in letter to shareholders
In a letter to shareholders that explains recent decisions made by the company, FedEx CEO Fred Smith discussed the challenges and changes faced by the business this fiscal year. The letter touches on trade disputes, e-commer...
Advent International acquires 75% stake in Hermes UK
Advent International, a private equity firm, has purchased a 75% stake in Hermes UK and a 25% stake in Hermes Germany. Hermes' parent company, the Otto Group, has relinquished its majority stake in Hermes UK but will retain ...
Logistics set to speed up AI projects after pandemic exposes need
The COVID-19 pandemic has emphasised the need for the logistics industry to fast-track AI and other big data projects to help fix supply chain gaps, according to the Wall Street Journal. Travel restrictions, lockdowns and bo...