FedEx Reports FY2Q Earnings
On Tuesday, December 17, 2019, FedEx released its earnings for 2Q 2020, and the results were dismal.
The company reported $17.3 billion in revenue, down from the $17.8 billion posted in the year-before quarter. Net income was $560 million, down 40% from $935 million in the 2019...
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UPS Announces 2020 General Rate Increases
UPS Announces 2020 General Rate Increases
UPS announced their increases for 2020. The increase becomes effective December 29, 2019. For reference, FedEx’s increase is effective January 6, 2020.UPS matched FedEx with an average increase of 4.9%. This does not include surcharges.
The following changes will become effective December 29, 2019:
The...
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TFM Announces Acquisition of National Traffic Service Inc.
Target Freight Management Announces Acquisition of National Traffic Service Inc.
PITTSBURGH, PA – October 28, 2019 – Target Freight Management, Inc. (TFM), announced today its acquisition of National Traffic Service Incorporated (NTS), a freight auditing and payment service. The acquisition will better serve the end-to-end logistical needs of TFM’s less-than-truckload, full truckload,...
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UPS Q3 Earnings 2019
Q3-2019 UPS Inc. Earnings Call
Revenue for 2nd Quarter rose 5% to $18.3 billion.
Total Operating Profit grew 23% with growth in all segments.
Net Income was $1.75 Billion.
Operating Margin increased 170 basis points to 8.17%.
U.S Daily Volume was up more than 9%.
US Domestic Segment
Highlights:
Next...
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2019 Peak Surcharges
2019 Peak Surcharges: FedEx and UPS
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