CEOs 'Encouraged' by Business Talks with Obama

The CEOs of 18 big companies, including Google, Boeing and General Electric, met with President Barack Obama to discuss the U.S. economy and the country's international competitiveness Wednesday.

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.

Most FedEx Ground Drivers Lose in Class-Action Case

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.

FedEx Gears Up for Busiest Day of 2010

FedEx (FDX) is gearing up its busiest day of the year, confident that holiday shopping will help push traffic above its 2009 peak. FedEx, based in Memphis, Tenn., expects to handle about 16 million packages worldwide today, according to The Wall Street Journal. That%u2019s nearly 13% higher than its busiest day in 2009.

UPS to Require Photo IDs for Shipping Packages

UPS (UPS) is now requiring photo identification from customers shipping packages at retail locations around the world, a month after explosives made its way on to one of the company's planes.

Holiday Hiring Takes a Hit, Despite a Brighter Economy

Retailers and shipping companies are adding fewer new jobs than they did a year ago. One reason for the low number is that employers began shopping for seasonal workers earlier than usual, boosting hiring in October. If retail sales hold up, December could see more hiring.

Street Smart: What the Heck Is a Jobless Recovery?

When it comes to economic jargon there may be no more aggravating or seemingly contradictory phrase than "jobless recovery." What good is a recovery if it doesn't put people back to work? DailyFinance explains this oxymoronic state of affairs. [Video]

UPS Predicts 7.5% Jump in Holiday Shipping for 2010

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.

As the Dollar Sinks, Prices of Essentials Soar

Intended or not, the Fed's quantitative easing policies are destroying the dollar's value. And that in turn is pushing prices of commodities that Americans need -- such as instance food, cotton and oil -- ever higher. And that hurts companies as well as consumers.

UPS to Raise Rates by 4.9% in 2011

UPS (UPS) will raise rates by 4.9 % for UPS ground packages in 2011. UPS will also raise rates by 4.9% for all air express and U.S. origin international shipments, the company said in a statement.

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.

The 10 Biggest Corporate Givers to Politicians

As the mid-term election slowly draw nearer, we're taking a look at the companies whose deep pockets help keep America's political campaigns rolling along. With the help of the nonpartisan folks at the Center for Responsive Politics, we've combined a list of the top ten corporate campaign contributors, offering a look at the candidates they support, the issues that concern them, and their lobbying habits.

UPS to Hire 50,000 Workers for the Holiday Rush

UPS (UPS) will hire 50,000 seasonal employees to work over the holiday season. The company is taking on temporary staff to work in positions including package sorters and driver helpers, CNNMoney reported. They will work through the company%u2019s busy season, which covers the holiday period from Thanksgiving to Christmas.

UPS Launches Marketing Campaign to Promote Logistics Business

Package-delivery company United Parcel Service (UPS) is launching its largest ever marketing campaign to promote its logistic business to small and medium- sized companies looking to export their products. Print, TV and digital-media ads in the U.S., China, Mexico and the UK will promote UPS logistics with the slogan "We [Heart] Logistics" The Wall Street Journal reported.

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.

UPS Earnings Preview: Strong Profit Growth?

As the world's biggest package delivery company, UPS's (UPS) earnings will likely get extra attention for their macroeconomic implications when the company reports second-quarter results ahead of Thursday's opening bell.

Obama: The U.S.
Is on Schedule to Double Exports

The U.S. is making progress in its effort to boost exports of goods and services to other nations, according to a report released Wednesday by the White House. As a result of policies laid out by his administration, U.S. exports increased 17% during the first four months of the year compared to last year, President Barack Obama said before a gathering of government and corporate officials at the White House.

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

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 hike would be effective Jan. 2, 2011. Still, the higher rate won't fix what really ails the service.

Post Office to Announce Rate Increases as Losses Mount

The post office will today announce new mail rates in a bid to generate more revenue after posting a massive loss in 2009. Rates for first-class and other types of mail will rise, The Associated Press reported. The rate increases are subject to review by the independent Postal Regulatory Commission.

FedEx Delivers on Earnings, but Shares Fall

FedEx (FDX) earnings beat Wall Street's expectations by a penny a share as the world's second largest shipping company after UPS (UPS) enjoyed brisker business on the back of global economic recovery, but a tepid outlook hurt the stock. Market watchers key in on FedEx and UPS earnings because their worldwide shipping networks make them especially attuned to global demand.

Overnight Delivery to Europe? Not While the Volcano Is Spewing

International shipping companies are scrambling to keep their operations moving, even as volcanic ash from Iceland closes down air traffic across much of Europe. Time-sensitive documents make up a large part of international air shipments. Promises of overnight deliveries are on hold.