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Today: January 22, 2025
Today: January 22, 2025
Lisa Baertlein

Lisa Baertlein

Staff Writer

Latest From Lisa Baertlein

Business|Economy|Finance|US

UPS and FedEx customers regain upper hand in delivery price battle

U.S. retailers and other delivery customers for the first time in more than four years are easily winning discounts from United Parcel Service and FedEx,

UPS and FedEx customers regain upper hand in delivery price battle
Business|Finance|Stock Markets|US

Union contract costs, slack demand to pinch UPS profit

Wall Street analysts expect United Parcel Service to report a sharp drop in third-quarter profit on Thursday as it absorbs significant costs from its new

Union contract costs, slack demand to pinch UPS profit
Business|Economy|Finance|Stock Markets|US

UPS cuts 2023 revenue outlook, says demand weak headed into holiday peak

United Parcel Service (UPS) cut its 2023 revenue forecast for the second straight quarter on Thursday as delivery demand continued to soften ahead of the

UPS cuts 2023 revenue outlook, says demand weak headed into holiday peak
Business|Finance|US

UPS targets lucrative e-commerce returns, healthcare with acquisitions

United Parcel Service on Thursday said it is spending more than $1 billion this quarter to buy two companies it hopes will bolster profit and volumes amid bare-knuckled

UPS targets lucrative e-commerce returns, healthcare with acquisitions
Business|Economy|News|US

UAW's record deal could boost others' wages as labor notches another victory

The tentative agreements reached between the United Auto Workers and the Detroit Three automakers mark another major victory for labor unions that have

UAW's record deal could boost others' wages as labor notches another victory
Business|Economy|News

FedEx pilots union says contract talks to restart November 6-7

The union representing more than 6,000 pilots at FedEx on Thursday said it is scheduled to restart contract talks with new leadership next week.

FedEx pilots union says contract talks to restart November 6-7
Business|Economy|US

In market share battle, FedEx and UPS target retail returns

As FedEx and United Parcel Service battle for market share in a delivery demand downturn, they are expanding returns services aimed at helping retailers slash

In market share battle, FedEx and UPS target retail returns
Business|Economy|US

DHL Express U.S. air hub workers strike during holiday rush

More than 1,100 newly organized DHL Express workers at the delivery company's main U.S. air hub went on strike on Thursday to protest unfair labor practices and stalled

DHL Express U.S. air hub workers strike during holiday rush
Business|Technology|US

Red Sea shipping workarounds add costs, delays for suppliers, retailers

Toymaker Basic Fun's team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from

Red Sea shipping workarounds add costs, delays for suppliers, retailers
Business|Economy|News|World

Ocean cargo rates climb after new Red Sea ship attacks

Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart

Ocean cargo rates climb after new Red Sea ship attacks
Business|Economy|Technology|US

US railroad group wants to make tracking train cargo as easy as on Amazon

U.S. shoppers can easily track Amazon packages to their front door, but big railroad customers can't see the real-time location of shipments of BMW luxury

US railroad group wants to make tracking train cargo as easy as on Amazon
Business|Economy|News

Risk reigns in ocean shipping, industry and economic experts say

Risk is the "new normal" for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising

Risk reigns in ocean shipping, industry and economic experts say
Business|Economy|News|US

US container shippers slow walk new contracts, eye easing of Red Sea rate hikes, analysts say

U.S. importers are playing the waiting game with new container shipping contracts, gambling the rate spike from Red Sea vessel attacks will fade and put them

US container shippers slow walk new contracts, eye easing of Red Sea rate hikes, analysts say
Business|News|World

Yemen's Houthis say their missiles hit Andromeda Star oil ship in Red Sea

Yemen's Houthis said on Saturday their missiles hit the Andromeda Star oil tanker in the Red Sea, as they continue attacking commercial

Economy

UPS sees profit in US Postal Service work that dragged down FedEx earnings

United Parcel Service expects its newly won U.S.

UPS sees profit in US Postal Service work that dragged down FedEx earnings
Business|Technology|US

UPS, FedEx transition to electric vans slowed by battery shortages, low supply

UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas

UPS, FedEx transition to electric vans slowed by battery shortages, low supply
Business|News|US

Stranded ships exit Baltimore port via temporary channel

Four cargo ships, stuck for about a month at the Port of Baltimore by the ruins of the collapsed Francis Scott Key bridge, have exited this week via a

Stranded ships exit Baltimore port via temporary channel
Food|Health|US

Bird flu outbreak in dairy cows fails to deter US raw milk sellers

U.S. sellers of raw milk appear undeterred by federal health warnings for consumers to avoid drinking

Bird flu outbreak in dairy cows fails to deter US raw milk sellers
Business|Technology|US

Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions

Amazon.com on Tuesday unveiled the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from the nation's busiest container

Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions
Crime|News|US|World

Ship that hit Maryland bridge had lost power several times, investigators say

The cargo ship Dali lost electrical power several times before it crashed into the Francis Scott Key Bridge in March, killing six people

Ship that hit Maryland bridge had lost power several times, investigators say
Business|Economy|Finance

Reuters Events: CSX fully resuming Baltimore coal exports this week, CEO says

CSX this week will return to normal coal export operations at the Port of Baltimore after work crews cleared part of the deep channel serving the second busiest

Reuters Events: CSX fully resuming Baltimore coal exports this week, CEO says
Business|Technology|US

SEKO wins conditional reinstatements from US customs agency

Privately held SEKO Logistics said U.S.

SEKO wins conditional reinstatements from US customs agency
Economy|News|US

No-tariff shipments popular with Shein, Temu hit US customs speedbump

A new U.S. crackdown on customs brokers handling billions of dollars in inexpensive online shopping orders from giants like China-linked

No-tariff shipments popular with Shein, Temu hit US customs speedbump
Crime|News|World

US military confirms Houthi missile strikes on two ships in Gulf of Aden

Yemen's Houthi damaged two commercial vessels in missile attacks in the Gulf of Aden in the last 24 hours as part of the militia group's ongoing campaign

Business|Finance|Stock Markets

FedEx eyes fiscal 2025 profit just above Wall St target, shares soar

FedEx on Tuesday forecast fiscal 2025 profit above analysts' estimates, and shares in the delivery giant soared as executives said slashing expenses

FedEx eyes fiscal 2025 profit just above Wall St target, shares soar

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