News

  • Post time: Sep-25-2021

    DHL is expanding its U.S. footprint of Foreign Trade Zones (FTZ) with a location at the El Paso, Texas airport, the logistics provider announced Thursday. DHL has seven other FTZs in major U.S. cities. An FTZ allows shippers to defer tariffs or other taxes on shipments as the locations are “...Read more »

  • Post time: Sep-25-2021

    Ontime logistics company’s latest news said,UPS’ U.S. daily parcel volume increased nearly 23% year over year (YoY) in the second quarter, during which it hired an additional 40,000 employees to handle the parcel growth. On Carol Tomé’s first earnings call as CEO of UPS, she pr...Read more »

  • Post time: Sep-24-2021

    In May, FedEx and UPS on-time performance dropped to their lowest monthly averages so far in 2020, according to numbers from ShipMatrix and Convey, though the magnitude of the decline varies greatly between the two sources. UPS said it did not comment on third-party data sources, but directed Sup...Read more »

  • Post time: Sep-24-2021

    Ontime logistics company with the latest news said”UPS is transitioning to a slower pace of capacity addition in 2021 and we believe broader package industry capacity expansion is also likely to be modest,” the research note reads.”Assuming a backdrop of economic growth in 2021,...Read more »

  • Post time: Sep-23-2021

    Ontime logistics the lasest news reported.FedEx is rerouting more than 600,000 packages a day in its Ground network to keep up with service standards due to staffing shortages at company hubs, President and COO Raj Subramaniam said during the company’s Q1 earnings call Tuesday. FedEx’...Read more »

  • Post time: Sep-23-2021

    Ontime logistics company the lasest newest reported.Extreme times call for extreme measures, Descartes Systems Group CEO Edward Ryan said in his assessment of the global supply chain on a recent earnings call. With shipping capacity limited and demand high, shippers are securing what space they c...Read more »

  • Post time: Sep-22-2021

    FedEx Express, Ground and Freight will increase shipping rates by an average of about 4.9% or more, starting Jan. 4, 2021, the company announced Monday. FedEx will introduce three surcharges on Jan. 18, 2021, including changes to how the Additional Handling Surcharge is assessed for FedEx Express...Read more »

  • Post time: Sep-22-2021

    Ontime logistics the lastest news reported. Peak surcharges put in place in June as parcel volume soared buoyed FedEx earnings in the quarter ending August 31. FedEx Ground volume was up 31% YoY and operating margin was up 240 basis points YoY. But the carrier said not all customers are subject t...Read more »

  • Post time: Sep-18-2021

    UPS CEO Carol Tomé said the company is largely ready for peak season with its current capacity. Tomé laid out an operating philosophy centered on network efficiency over size —”better, not bigger” Tomé laid out a philosophy based on tech-enabled optimization and “sweating the as...Read more »

  • Post time: Sep-18-2021

    UPS said Friday it will up peak surcharges for the holiday season, increasing the impact of existing surcharges put in place to temper the outsized growth of e-commerce volume brought on by the coronavirus pandemic. The charges apply to shippers moving at least 25,000 parcels per week. Recently i...Read more »

  • Post time: Sep-17-2021

    SEA Logistic Partners, a logistic facility developer and operator in Southeast Asia, and GLP, the largest warehouse operator in China, are partnering on a joint venture to invest in and buildout logistics infrastructure in Vietnam, the companies announced Thursday. The companies plan an initial i...Read more »

  • Post time: Sep-17-2021

    Ontime logisitcs  the lastest news updates,UPS will raise peak surcharges on shipments from mainland China and Hong Kong to the U.S. starting Oct. 25, after it lowered surcharges on Oct. 4. The new surcharges will last until further notice, according to an update from the carrier. A surge in dema...Read more »

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