The U.S. Justice Department has begun an investigation into the country's two largest delivery companies, UPS and FedEx. Both have policies aimed at preventing customers from negotiating lower shipping rates through third parties.
Hundreds of e-tailers will offer free shipping today to encourage shoppers to hit the "buy" button in the final run-up to Christmas. It's a good incentive for last-minute shoppers, and it's an attempt to keep up with Amazon's service.
The CEOs of 18 big companies, including Google, Boeing and General Electric, met with President Barack Obama to discuss the U.S. economy Wednesday. Several business leaders said they left with a sense of improved collaboration. But what will the talks actually accomplish?
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.
Right now, millions of Christmas presents are zooming around the country in FedEx trucks -- driven, one might think, by FedEx employees. However, it turns out the employment status of those drivers depends on which state they are working in, and according to a judicial ruling issued Tuesday, most are independent contractors.
Retailers and shipping companies are adding fewer new jobs than they did a year ago. One reason: employers began shopping for seasonal workers earlier than usual, boosting hiring in October. But if holiday retail sales hold up, it could equal more hiring in December.
Despite continued economic doldrums and the onset of the holiday season, many companies are eager to hire right now. If you're looking for a job, try focusing on seasonal work, discount retailers and tech companies.
As UPS gears up for its busiest time of year by hiring about 50,000 temporary workers, the world's largest package-delivery service said it expects to ship about 7.5% more packages this holiday season than it did a year ago.
Intended or not, the Fed's quantitative easing policies are destroying the dollar's value. That's pushing prices of commodities that Americans need -- such as food, cotton and oil -- ever higher. And it hurts companies as well as consumers.
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?
The package delivery easily beat Wall Street estimates on higher revenue and margins. And investors will be paying close attention to the details since UPS's global footprint can offer insights into the health of the world economy.
United Parcel Service, the world's largest package delivery company, is expected to report sharply higher third-quarter profit on strong revenue growth when it reports before Thursday's opening bell.
What companies have shelled out the most to America's political campaigns? Using data from the nonpartisan Center for Responsive Politics, we've created a top-10 list, offering a look at the candidates they support, the issues that concern them and their lobbying habits.
UPS is taking on temporary staff to work in positions including package sorters and driver helpers. They will work through the company's busy season, which covers the holiday period from Thanksgiving to Christmas.
A UPS plane headed from Dubai to Cologne, Germany, crashed minutes after takeoff with two crewmembers aboard.
The world's largest package delivery company's earnings rose sharply in the second quarter, easily beating expectations. Like rival FedEx, UPS is considered to be an economic bellwether.
When the world's largest delivery company posts earnings before the bell Thursday, it will likely attract extra attention for its macroeconomic implications.
U.S. exports increased 17% during the first four months of the year compared to last year, President Obama said before a gathering of government and corporate officials at the White House. Higher exports should translate into more jobs.
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.
FedEx, the world's second-largest shipping company, enjoyed brisker business as the economy begins to show more signs of life. Its profit beat expectations, but the economic bellwether's tepid outlook sent shares lower.
Looking for clues about global growth? Keep an eye on FedEx, which reports quarterly earnings early Wednesday. The world's second-largest package deliverer after UPS, FedEx is a barometer of global demand, and especially of business in China.
