Author: Lisa Baertlein
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UPS puts limit on Amazon deliveries amid focus on bigger returns
By Lisa Baertlein and Aishwarya Nair (Reuters) – United Parcel Service on Tuesday said it will not lift the number of packages it delivers for Amazon.com, its biggest customer, as it focuses on shipments with the highest financial returns. The world’s biggest package delivery firm has bolstered profits by raising prices for e-commerce shipments that…
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Trucker protests stall cargo movement at California’s No. 3 seaport
By Lisa Baertlein LOS ANGELES (Reuters) – Protests against a new California labor law that makes it harder for independent truckers to operate on Wednesday ground operations at the state’s third-busiest seaport to a virtual halt, crimping a major artery in the U.S. supply chain. SSA Marine, which manages the largest terminal at the Port…
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Biden faces deadline in U.S. railroad labor standoff
LOS ANGELES • President Joe Biden faces a deadline next week to intervene in nationwide U.S. railroad labor talks covering 115,000 workers, or open the door to a potential strike or lockout that could threaten a fragile economy and choke supplies of food and fuel. The stakes are high for Biden, who wants to tackle…
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FedEx eyes double-digit profit growth for next three years
By Lisa Baertlein LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it expected adjusted profit to grow in double digits through 2025, as the global shipping firm looks to benefit from its strategy of delivering packages that bring in more money. The company, which has been under pressure from an activist investor and delivery contractors,…
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Amazon’s trucking ambitions bump up against driver shortage, competition
By Lisa Baertlein and Richa Naidu LOS ANGELES/CHICAGO (Reuters) – Amazon.com Inc’s push to recruit big-rig contractors to haul goods across its web of warehouses is colliding with a trucker shortage as the e-commerce company moves what are expected to be record numbers of packages this holiday season. Its project, called Amazon Freight Partners (AFP),…
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UPS profit rises ahead of peak holiday season
By Lisa Baertlein and Abhijith Ganapavaram (Reuters) – United Parcel Service Inc reported better-than-expected quarterly profit and revenue on Tuesday, bolstered by strong e-commerce demand that has driven the delivery giant to raise shipping rates and cherry-pick more profitable customers. The Atlanta-based company, which is heading into the peak holiday delivery season, raised its forecast…