fdx

UPS Chops Guidance

UPS planeUnited Parcel Service Inc. (NYSE: UPS) cut its second-quarter and full-year earnings guidance this morning, citing overcapacity in the air freight...

The $1 First-Class Stamp

USPS Sorting CenterThe U.S Postal Service, plagued by losses that may force it to curtail service, and could make it miss some payments to retirement health plans, may...

UPS Easily Tops Estimates, Raises Guidance

UPS (UPS) earnings rose sharply in the second quarter to easily beat Wall Street's forecast on better-than-expected revenue growth, the world's largest package delivery company said Thursday. UPS also raised its full-year profit outlook. Like rival FedEx (FDX), UPS is considered to be a bellwether of global economic activity.

Delta, Continental Up Baggage Fees

Delta and Continental are raising the fees they charge customers to check baggage to $25 for the first bag. The move underscores how the industry is trying to squeeze every nickle from the flying public. The winners in this trend? Package-delivery companies.

FedEx does not deliver

Blaming a faltering economy, FedEx Corp. (FDX) today reported worse than expected third quarter results. The shipping company said it sees little...