The slump in parcels is industry-wide, with rival United Parcel Service Inc. reporting on January 31 lower U.S. volumes and a forecast for declining sales in 2023.
Freight carriers are seeing the impact, as the number of big and bulky shipments declines and retail customers continue to pare inventories and push back restocking.
The goods we consume today require complex logistics processes in urban areas. If not planned adequately, they can negatively affect urban sustainability.
The move is the latest step in FedEx’s effort to reduce costs, improve efficiency and deal with a decline of package volume as people return to shopping at retail stores.
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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