Couriers/Messengers

FedEx Corp. FDX -1.03% is combining its Express and Ground delivery units into a single business, abandoning an operating structure championed by founder Fred Smith and criticized by investors and analysts.The changes are designed to simplify interactions with customers and accelerate cost-cutting efforts, FedEx Chief Executive Raj Subramaniam said. It helps the parcel-delivery giant adjust to a business…

Freight operators are rolling out a growing array of options for shippers looking to reduce pollution, from low-carbon aviation and marine fuels to electric trucks.But some shipping executives say companies are proving reluctant to pay the higher prices for alternative fuels and zero-emissions vehicles that can easily double or triple transport costs. Tim Scharwath, chief executive of DHL Global Forwarding, Freight, part of Deutsche Post AG , said talk about…

FedEx Corp.’s FDX 4.48% stock climbed more than 11% in after-hours trading as the delivery company raised its outlook and said it cut more of its costs after earnings declined for the second straight quarter. The delivery company said that by May it would reduce its U.S. head count by 25,000, among other expense reductions. Shares rose to $227.25. FedEx charged higher shipping rates and said its cost reductions supported…

Southwest Airlines Co. LUV -1.28% and FedEx Corp. FDX 0.08% planes came within a thousand feet of each other Saturday morning near a runway at the Austin, Texas, airport, a close call that air-safety officials are investigating. Around 6:40 a.m. CT, a FedEx Boeing Co. BA -1.59% 767 cargo plane was cleared to land on one of the…

Smaller parcel carriers made big gains during the pandemic handling packages that the larger players couldn’t deliver. Some want to get bigger.Regional shipping companies across the U.S. are expanding their operations to pick up business from bigger rivals, seeking to capitalize on labor uncertainty at United Parcel Service Inc., higher rates charged by UPS UPS 0.30% and FedEx Corp. FDX 0.87% and growing reluctance…

FedEx Corp. FDX -2.62% said it continues to encounter weak demand for packages, resulting in another quarter of lower profit and fresh plans to cut more costs from its operations.  On Tuesday, FedEx reported that fewer packages moved through FedEx’s system for the fourth straight quarter. FedEx said the weaker demand was most acute in its Express unit, which provides overnight and international deliveries. Global trade has slowed amid rising interest rates and lower…

Some employers racing to snap up workers in the tight labor market are omitting a step once considered crucial to hiring: the job interview. United Parcel Service Inc. has bulked up its staff without conducting job interviews for package handlers and seasonal drivers. Home Depot Inc. has sent job offers as quickly as 24 hours after candidates apply, in some cases eliminating the interview process. Gap Inc. has dropped job interviews…

United Parcel Service Inc.’s profit climbed in the third quarter despite a downtick in shipping volumes as higher prices buoyed the business. UPS UPS 0.32% Chief Executive Carol Tomé said the global economy outside the U.S. softened in the third quarter, but the delivery company managed to adjust its networks to changes in parcel volume. Overall revenue for the Atlanta-based delivery company rose 4.2% to $24.2 billion, as revenue per piece shipped rose 8.6%, offsetting a…

Rising shipping costs are primed to squeeze profits for businesses of all sizes this holiday season.Entrepreneurs and executives say that to cope they are buying their own delivery vehicles, pleading with customers for patience and changing the products they sell. The moves, they say, are in response to carriers such as FedEx Corp. FDX 2.06% and United Parcel Service Inc. continuing to pass along price increases for service. Staff at specialty pharmacy…

Regional airline company Mesa Air Group Inc. is offering a new way for pilots who have gone through initial training to build up the hundreds of additional flying hours they need to qualify for airline jobs.The airline, which flies for United Airlines Holdings Inc., American Airlines Group Inc. and cargo carrier DHL Express, said Thursday that it acquired 29 small two-seat planes with options to buy as many as 75 more over the next year. It plans…