Package delivery Articles

package delivery

UPS Agrees to Pay $40M to End Online Pharmacy Probe

Shipping company UPS agreed Friday to pay $40 million to end a federal criminal probe connected to deliveries it made for illicit online pharmacies.

FedEx Earnings Fall Due to Weakness in Air Freight Business

FedEx reports its third-quarter profit fell 31 percent as customers opted for less-expensive ground shipping, hurting the company's airfreight business.

USPS to Cut Saturday Mail Delivery to Trim Budget Shortfall

he U.S. Postal Service will stop delivering mail on Saturdays but continue to deliver packages six days a week under a plan aimed at saving about $2 billion annually, the financially struggling agency says. The change will begin in August.

Amazon Locks Down a New Way to Deliver: To the Corner Store

Don't have a secure mailbox or mailing address? No problem: Amazon still wants you as a customer -- which is why it may not be long before the online retail giant opens a locker delivery unit at a convenience store near you.

FedEx Looks to Deliver Solid Gains in Its Latest Quarter

FedEx will likely show an increase in fiscal second-quarter earnings of about 20% from a year earlier when it releases its latest report on Thursday. The huge air-cargo carrier is looking for a jump in revenue to more than offset rising costs for jet fuel and other items.

Are Air Cargo Costs About
to Go Sky High?

The discovery of two explosive devices found in packages on U.S.-bound cargo planes Friday raises new questions about security in the air-freight industry -- and its potential cost. How big is the risk, and how much is security worth?

46 Cent Stamp? U.S. Postal Service Asks for Increase

Fourteen months after the last price hike, the USPS has proposed a two-cent increase in the cost of first-class postage, which would push the stamp to 46 cents. If approved, the new price would be effective Jan. 2, 2011. Still, the higher rate won't fix what really ails the service.