United Parcel Service expects its newly won U.S. Postal Service (USPS) air cargo contract to be profitable in its first year and throughout the more than...
LOS ANGELES - United Parcel Service expects its newly won U.S. Postal Service air cargo contract to be profitable in its first year and throughout the more than five-year deal, after rival FedEx struggled with the business, Chief Executive Carol Tome said on Tuesday.
"In contrast to traditional hub and spoke models, we don't have to run all of the air volume through our main air hub," Tome said. UPS is working closely with the postal service to onboard the business ahead of this year's holiday peak season, Tome said. The company has "plenty of space on aircraft" for the additional volume and will hire more than 200 pilots, she said.
U.S. Postal Service Fedex Carol Tome Air Cargo
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UPS to become the primary air cargo provider for the United States Postal ServiceNEW YORK (AP) — UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had...
Read more »
UPS reports shipping volume declines in Q1 profit beatUnited Parcel Service (UPS) is reporting declines in its delivery volumes in its first-quarter earnings figures. While results were mixed on the postal...
Read more »
FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletesMEMPHIS (AP) — FedEx on Friday pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletes, a huge boost...
Read more »
Metro Vancouver firms using employee data to inform office choicesHigh-tech sensors in workplaces, postal-code analysis among tools for real estate strategies.
Read more »
Metro Vancouver firms using employee data to inform office choicesHigh-tech sensors in workplaces, postal-code analysis among tools for real estate strategies.
Read more »
UPS profit falls on high labor costs, weak small-package demandDelivery companies such as UPS and FedEx have seen demand normalize following a boom during the pandemic, when home-bound consumers were forced to shop...
Read more »