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The Daily Dash: Postal Service and $40B boost, UPS vs. FedEx

The Daily Dash: Postal Service and $40B boost, UPS vs. FedEx
Nikola no longer needs to find fueling station partners
0 423 2 minutes read
(Photo: Jim Allen/FreightWaves)
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight the Postal Service’s reaction to increased package delivery demands, a conversation with Nikola’s CEO and more.
The High Five
1. Postmaster General Louis DeJoy told lawmakers that the U.S. Postal Service needs to make significant changes if it hopes to survive and the biggest of those likely will be further adjusting to consumers’ growing appetite for package delivery. ....

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United Parcel Service, Inc. (NYSE:UPS), Amazon.com, Inc. (NASDAQ:AMZN) - UPS Needs To Play Weekend Warrior To Catch Up To FedEx

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UPS Inc. (NYSE: UPS), a project aimed at cutting one day from transit times for all its U.S. ground parcel deliveries has been dubbed Our Fastest Ground Ever. It is indeed an ambitious endeavor to merge UPS network infrastructure and technology to shrink the time between pickup and delivery of 15 million or so daily shipments.
The program, which kicked in solidly late last year, has made good progress. Today, 90% of UPS ground-parcel shipments move in one- to three-day transit times. More than half of the improvements under the initiative have come from shrinking two- to four-day transit times to one to three days. To speed deliveries, UPS has diverted millions of parcels from the railroads it is a huge intermodal customer to two-person, over-the-road sleeper teams. ....

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UPS's E-Commerce Growth Is Here to Stay

Author Bio
Daniel has been writing for Fool.com since 2019. A fan of value and dividend stocks, he covers the industrial sector, oil and gas, and renewable energy. He graduated summa cum laude from the University of Houston with a BBA in finance and marketing and a certificate in personal financial planning.
Package delivery leader
United Parcel Service (NYSE:UPS) had an incredible year, posting record-high revenue and adjusted operating income. While it s easy to attribute the shipping giant s performance to pandemic-induced tailwinds, UPS is confident that it can continue to capitalize on key growth drivers for years to come. ....

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This Dividend Stock Crushed Earnings and Is Headed Higher

UPS notched record-high revenue and adjusted operating income in 2020. ....

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