The digital-focused operator is buying Shopify’s logistics business, including the Deliverr technology platform and dozens of warehouses and sorting centers.
Trucking companies and congressional critics argued the rules, estimated to cost about $2,500 to $8,300 per vehicle, were too expensive, and came amid driver shortages and supply-chain woes.
The courier faces the possibility of a union strike of its 330,000 workers as the company negotiates to replace a five-year labor contract that expires on July 31.
The decision to break from Smith’s approach was cheered by analysts, who raised their stock-price targets or recommendations, even as they warned of challenges.
The plan to boost profit addresses a commitment to investors, led by activist shareholder D.E. Shaw, to boost dividends, rework its executive pay rules and reduce capital expenditures
The latest news, analysis, services and systems regarding express and small shipments and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before thanks, in part, to the boom in e-commerce. New technologies that provide information during express and small shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using express shipping solutions to power their supply chains.
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