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The United States Postal Service said Thursday it reached a $10 billion deal to provide “last-mile” package delivery services for DHL eCommerce, an arm of German package services provider DHL. The USPS said in December it intended to open its last-mile delivery network to large and small shippers, expanding beyond current arrangements with Amazon and UPS. Postmaster General David Steiner said in a call with reporters that since the USPS delivers to 170 million locations six days a week, “we are the best last-mile provider by default.”

UPS (UPS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

UBS is sticking with a Buy rating on FedEx Corp (NYSE:FDX, XETRA:FDX) and a price target of $445, as the company gets ready to spin off its freight business into a standalone stock next week. The freight unit, set to trade under the ticker FDXF, enters when-issued trading on May 27, with...

Gerald Eddie Brown soared the skies for more than three decades, flying jet fighters for the U.S. Air Force and traveling the world as a commercial aviator. Then, after a faceoff with a UPS captain, he lost his pilot license. Brown saw his chance in 2023, when at the age of 63, he got an offer to put his military experience to use in China, prosecutors say.

By Matthias Inverardi DUESSELDORF, May 22 (Reuters) - Some of the world's biggest shipping companies - DHL, FedEx and UPS - on Friday called on EU finance ministers to implement a phased approach to

A UPS plane crash that killed 15 people last year might have been prevented if an original inspection schedule hadn't been relaxed, but mechanics didn't get a close look at the parts that should have kept an engine from flying off its wing because federal regulators allowed Boeing to recommend checking them less frequently, according to testimony Wednesday. The National Transportation Safety Board's questions also drew out that Boeing relied on older data when it asked to extend the inspection schedule in 2015, and didn't seem to account for seven instances on other planes of the same model when the key engine mount parts were failing. The Federal Aviation Administration, for its part, approved the request after a month's review without seeking more information.

National Transportation Safety Board officials questioned how damage was reported in the years leading up to November’s UPS jet accident.

The agency plans to round up any fraction of an inch for several of its services, part of a wave of changes set to impact package shippers on July 12.

Thermon Group delivers industrial heating solutions worldwide, serving sectors from energy and transit to tech and manufacturing.

Raj Subramaniam downplays fears around logistics expansion push

FEATURE Amazon com was disrupting things again on Tuesday. The online retail giant announced 30-minute rapid deliveries on “thousands of groceries and essentials.” The service is now in Atlanta, Dallas–Fort Worth, Philadelphia, and Seattle, “with rapid expansion underway in dozens more U.

Bank of America has added FedEx (NYSE:FDX) to its “US 1 List,” a collection of its best investment ideas. The move, announced May 11, is a high-conviction symbolic signal even without a fresh price target attached. For long-term investors, the inclusion reframes FedEx stock as one of Wall Street’s preferred industrial transformation plays heading into ... BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List

The changes impact various import and export shipments, including packages traveling to and from the U.S., adding to cost pressures for parcel shippers.

The stock market hit fresh highs as crude oil prices tumbled below $100 on Iran hopes. Earnings were mostly strong, though there were big losers too

For logistic companies, or for logistics investors, it is time to stay calm and carry on. Monday, Amazon com sent a shock wave through the market by announcing Amazon Supply Chain Services, or ASCS, essentially opening up to outside customers the logistics network it built to support its retail business.