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...

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,...

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...

2019 Peak Surcharges

2019 Peak Surcharges: FedEx and UPS

FedEx Q1 2020 Earnings

FedEx Q1 2020 Earnings First quarter results were impacted by several factors: Weakening global trade and industrial production. Shift from heavier weight and faster service to lighter weight with lower price services. Ground expansion of operations to six days per week. The loss of volume from Amazon. Increased operating costs...