Logistics

According to United Parcel Service and Teamsters Union, which represents its drivers, the company will retrofit 5,000 boxy brown trucks with air conditioners in areas where it is hotter. UPS has committed to adding 28,000 air-conditioned trucks in its national contract. Teamsters announced late Monday that the 5,000 retrofits would help speed up this process and provide drivers with some relief from scorching heat in summer. By June 1, 2026, the first 2,000 vehicles to be retrofitted under this agreement will have been prepared. The union announced that all 5,000 Teamsters delivery trucks will have air conditioning by June 1,...

Air T, a U.S. aviation service provider, announced on Tuesday that it had signed a contract with Regional Express Holdings' voluntary administrators to purchase the failed Australian regional airline Rex. The transaction was backed by Australia. Air T would take over Rex, the regional airline that has been struggling to compete against larger rivals Qantas or Virgin Australia. Air T stated that the deal will include a restructuring of Rex’s financial arrangements with the Australian Government and should be completed by the end the year. Air T, a company that provides air delivery for companies such as FedEx, has announced...

Longacre Square Partners, a corporate advisory firm, has formed a partnership with InvestorSight - a startup that uses artificial intelligence to analyze investor behavior during takeovers and board battles. InvestorSight is a company co-founded by Dartmouth Professor Mark DesJardine, and data scientists. It has developed the first interactive tool that models how institutional investors and mutual funds are likely to respond to different corporate situations. This tool can be used to collect advanced data including the voting patterns of investors in previous contests to determine a company's or an activist investor's vulnerability. InvestorSight, a tool interactive that allows users to...

The Canadian Union of Postal Workers (CUPSW) will resume mail deliveries on Saturday, rotating which workers are on strike. A labor dispute has caused mail services to be halted nationwide for two weeks. CUPW stated that the rotating strikes will begin at 6 am in each time zone. This will allow parcels and mail to be moved again, while continuing to pressure Canada Post, which is a government-owned corporation, to come to a fair collective contract. On September 25, more than 55,000 post workers left their jobs after Public Works and Procurement minister Joel Lightbound announced a restructuring of Canada...

FedEx announced on Monday that it had appointed Marshall Witt, a former executive of the company, as finance chief for its freight trucking division. Witt will take up his new position effective October 15. This completes the leadership team in the division which is due to be spun off in 2026. The parcel carrier announced that Brad Martin, an insider, would be the new chairman of its less-than truckload division and veteran executive John Smith will serve as its CEO. The appointment completes soon-to-be-independent FedEx Freight's leadership lineup. Analysts have said that the segment has been undervalued by FedEx despite...

The Canadian Union of Postal Workers reported that Canada Post employees went on strike nationwide on Thursday, after the Canadian Government demanded the company undergo transformation. The union announced that "all CUPW members working for Canada Post will be on strike immediately in response to the government's attacks on our postal services and workers." Canada Post has not responded to our request for comment immediately. Canada Post was told by the Canadian government to make changes in its operations earlier on Thursday. The company faces structural challenges that, along with outdated restrictions and stagnant negotiations between management and labour, have...

The U.S. The U.S. USPS, which is losing money, raised prices to 78 cents in July from 73 cents. This increased the price of all mailing services by 7.4%. USPS will review prices by mid-2026. After a series price increases since the beginning of 2019, when stamps were only 50 cents, stamp prices have risen by 46%. The volume of first-class mail is at its lowest since 1968. This is the first announcement made by David Steiner, who became U.S. postmaster general in July 2017 after President Donald Trump removed his predecessor Louis DeJoy. In February, Trump referred to the...

FedEx shares rose 5% on Friday in premarket trade as investors cheered its quarterly profit and revenue beating against the backdrop of uncertainty related to tariffs and the ending of the "de minimis exemption" on low-value shipping. FedEx's aggressive measures to cut costs, such as parking planes, shutting down facilities, and merging certain units, have helped protect profits. It has a plan to save $1 billion in this fiscal year, which ends May 2026. The performance of the company was also boosted by a 5% increase in average daily domestic volumes. Its operating margin, an important metric, rose to 6%,...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Nvidia announced on Thursday that it would invest $5 Billion in Intel. The chipmaker, which is struggling in the United States, will now have the backing of a major company. This comes just weeks after White House negotiated an unprecedented deal with the federal government for the latter to acquire a large stake in the firm. UPS has canceled its plans to purchase Estafeta after a year-long attempt to acquire the Mexican small packages provider. Ames Watson,...

FedEx posted a higher profit for the quarter, but projected 2026 earnings per shares that were largely below analyst's estimates. This is because it expects to take a hit due to U.S. tariffs ending on low-value direct-to consumer shipments. In extended trading, shares of the company rose by about 6% on Thursday. On May 2, the U.S. government ended the "de minimis exemptions" that allowed packages valued below $800 to be imported duty-free from China and Hong Kong. These shipments represented about three quarters of the roughly 1.4 billion packages which entered the United States every year under this program....

FedEx posted a higher profit for the quarter, but projected earnings per share in 2026 that were largely below analyst's estimates. This is because it expects to take a hit due to U.S. tariffs ending on low-value direct-to consumer shipments. According to data compiled and analyzed by LSEG, the Memphis-based company expects adjusted earnings for full-year in a range between $17.20 and $19.00 per share. The mid-point is slightly below analyst estimates of $18.21. Since 2023, FedEx has been working to reduce operating costs by billions of dollars. This is done through parking planes and closing facilities. It has a...

Texas Governor Greg Abbott has signed a law to clamp down on the mail-order sale of abortion pills, which are already prohibited in his state. The bill empowers private citizens to sue companies and individuals who ship these pills to Texas. Abbott, an anti-abortion Republican who is adamantly opposed to abortion, signed the bill without any announcement on Wednesday night. The bill was passed by the Republican-led state legislature in early October. The bill aims to make it more difficult for women to get the prescription drugs they need to terminate their pregnancy at home, in violation of Texas' ban...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Board of Directors co-opted Matthieu Chanel as an additional director. His appointment will be ratified at the next general meeting. PostNL NV Dutch postal and logistic company priced 300 million euro notes due October 2030. These will be issued at a 99.884 price and have a coupon rate of 4.000% per year. The proceeds of the sale will be used to finance general corporate needs, including refinancing. Marie Brizard Wine and Spirits SA In the first half, the French...

Allegro, the CEO of Polish ecommerce company Allegro, denied on Friday that Allegro was at odds with any of its business partners despite its relationship deteriorating with delivery partner InPost. When asked by reporters about InPost, Allegro CEO Marcin Kusmierz said: "We don't believe that we are in any dispute or business with any entity." InPost's shares dropped around 13% after the company reported a slower volume growth in Poland. The shares of InPost have lost over a third in value this year, but they were up by 9% as of 1340 GMT. Allegro shares were up about 2%. InPost,...

InPost, a parcel locker company, has announced that it has acquired Spanish delivery firm Sending in order to expand its presence on the Iberian Peninsula. It will also integrate the 24-hour delivery service provided by Sending. Why it's important InPost has gained traction in other countries after establishing a stronghold on its native market, Poland. Sending is the latest in a strategy of pan-European growth, which began with the acquisition of Yodel earlier this year. By the Numbers InPost, at the end of its second quarter, had 3,000 automated package machines (APMs) and 9,000 pickup and drop-off locations in Spain...

U.S. importers rely on customs brokers more and more to keep up with the ever-changing policies of President Donald Trump. The industry said that the booming demand for assistance in processing foreign products has increased the cost of these services, which adds another cost to tariffs. Customs brokerages, which were until recently an unrecognized branch of the import industry, now handle all the paperwork required to process shipments, calculate tariff bills, and calculate the paperwork. Brokers interviewed by said they were raising their fees. Major logistics companies like Memphis, Tennessee based FedEx, and Germany based DHL have also added staff...

PostNL's president called for urgent federal government action to secure the Dutch postal service on Monday, after the group cautioned on 2024 profit partly due to what she called an unsustainable service design. Shares of the postal operator fell as much as 8.4% in early trading, nearing their all-time low seen in March 2020. Slow to broaden their parcel networks and at times in monetary trouble, conventional postal services in Europe are having a hard time to keep up with competitors from other parcel locker operators such as Poland's InPost or Amazon. In a statement, outgoing CEO Herna Vernhagen called...

Dutch postal operator PostNL cut its 2024 operating earnings projection for the second time on Monday, with its top executive mentioning less seasonal mail than expected in December and an unsustainable organization model. The Amsterdam-listed stock fell 3.2% in early trading. Slow to broaden their parcel networks and at times in financial difficulty, traditional postal services in Europe are having a hard time to keep up with competitors from other parcel locker firms such as Poland's InPost and Amazon. Immediate action to change the USO responsibilities (universal. service commitments) as well as a financial contribution from. federal government are inevitable...

Poland's InPost will invest an extra 600 million pounds ($ 731 million) by 2029 to broaden its operations in the UK, the UK federal government stated on Thursday. This will bring the parcel locker company's total investment in the UK to 1 billion pounds, supporting approximately 12,000 brand-new tasks, the government said in a declaration. InPost plans to broaden its network of automated lockers and logistics facilities in the country, the business said in a. declaration on Friday. The lockers, dubbed automated parcel devices or APMs, allow. customers to gather or drop off plans when it matches them. Britain is...

Parcel locker company InPost reported on Tuesday a 20% rise in fourthquarter volumes, driven by both its home market Poland and abroad. InPost, which aside Poland runs in eight countries, delivered 322.1 million parcels in the quarter, that included the hectic holiday. The business runs one of the most significant networks in Europe of pick-up drop-off (PUDO) points and automated lockers, dubbed automated parcel devices or APMs, that permit clients to gather or drop off plans when it suits them. InPost said that it added a record number of more than 11,500 APMs in 2024, bringing its network to 46,977...

Donald Trump's transition group is considering canceling the U.S. Postal Service's contracts to amaze its shipment fleet, as part of a more comprehensive suite of executive orders targeting electric automobiles, according to three sources acquainted with the strategies. The move, which might be revealed in the early days of Trump's administration that begins on Jan. 20, remains in line with Trump's project assures to roll back President Joe Biden's. efforts to decarbonize U.S. transportation to combat environment. modification-- a program Trump has stated is unneeded and possibly. harming to the economy. Reuters has previously reported that Trump is planning to....

An Indian antitrust examination has concluded there was no cost collusion between the domestic systems of delivery business DHL, United Parcel Service and FedEx, according to three sources and a file seen . The Competitors Commission of India (CCI) ordered an examination in 2022 into more than a lots shipment companies for alleged collusion on discount rates and tariffs and had reviewed thousands of emails to examine the fees business charged for airport services, Reuters reported in January. The case was filed by the Federation of Indian Publishers, which grumbled that international business, together with lots of domestic companies, were...

Silicon Valley startup Lyten revealed on Tuesday its strategy to construct the world's very first gigafactory for lithiumsulfur batteries in Reno, Nevada, as companies seek to capitalize on the need for more inexpensive source of power for electrical cars. With battery costs considerably affecting EV rates, automakers are increasingly searching for alternative innovations to make such cars available to a larger market. Lyten, backed by Chrysler-parent Stellantis and shipment providers FedEx, stated it would invest more than $1 billion in the center that would initially create 200 tasks, growing to more than 1,000 in northern Nevada. Nevada's Reno is also...

Parcel locker business InPost is in very innovative talks to purchase the 70% stake it does not currently own in British logistics firm Menzies, Sky News reported on Monday. InPost decreased to comment. Pointing out unnamed sources, SkyNews said the deal was most likely to be announced this week. InPost purchased a 30% stake in Menzies for 49.3 million pounds ($ 64.4 million) last year and has a three-year choice to purchase the staying 70%. InPost CEO Rafal Brzoska said last month the company would decide on whether to use the call alternative by the end of the year. The...