USPS Capacity Limitations Restrain Amazon To Move Away from UPS, FedEx: Bernstein – Bidness Etc

According to a recent research report from Bernstein, the investment firm believes, Inc. efforts to reduce dependence upon both UPS and FedEx by moving its reliance to USPS may not be a viable idea. For USPS to support the online retail giant’s growing demand, it would have to invest heavily in its networks and fleets or raise its price, which it can’t afford.

TNT deal raises FedEx employment to almost 400,000 – Commercial Appeal

In one fell swoop, Memphis’ biggest company ballooned to nearly 400,000 employees worldwide and close to $58 billion in annual revenues.

The jewel of FedEx’s acquisition of TNT Express this week is a European road network linking 40 countries, but the heart of FedEx remains in Memphis.

No immediate impact was foreseen on FedEx’s Memphis area workforce of more than 30,000, but the company’s continued growth as a force in world commerce would have a ripple effect here. FedEx is the area’s largest private employer.

Why Amazon’s new aircraft deals don’t spell doom for UPS and FedEx – Yahoo

In March, Amazon signed a deal to lease Boeing 767 widebody freighter aircraft to handle some of its own domestic deliveries.

“Deals to lease 20 freighter aircraft from Air Transport Services Inc. and 20 more from Atlas Air Worldwide will give Amazon a fleet with an aggregate payload capacity roughly one-fifth that of FedEx and about one-fourth that of UPS,” Moody’s analysts wrote. “This would enable the company to move more than 20%, and possibly as much as 30%, of its volumes with its own fleet.”

Does this spell doom for UPS and FedEx? Not likely.

While the shippers will take a hit on the top line, profits are unlikely to suffer too much as Amazon is actually a very low margin customer because of the enormous discounts it gets.

$1.6M Deal Between Seasonal Workers, UPS Hits Delay – Law 360

A California judge Friday held off preliminary approval on a $1.6 million settlement to resolve putative class action claims that United Parcel Service Inc. shortchanged 32,000 seasonal workers on pay and breaks, asking for details on an amended complaint filed by the workers.

Los Angeles Superior Court Judge John Shepard Wiley continued Friday’s preliminary approval hearing to July 12 and asked the parties for more information on several concerns, including the amended complaint the workers brought to court on Friday.