Some are lowering prices, while others are using the money to offset costs.
The U.S. Post Office and private shipping companies like UPS and FedEx are grappling with inflationary pressures.
UPS eliminated “approximately two million pieces per day of lower-quality Amazon volume,” said CEO Carol Tomé.
Amazon, Dow, UPS, Pinterest, and T-Mobile are among the many companies to announce layoffs in the last couple of weeks.
“[Librarians], in some cases, are shipping books with the understanding that they might not get them back on a normal timetable,” said Emanuel Maiberg, co-founder and journalist at 404 Media.
Many logistics firms have their own air operations. Worldport, in Kentucky, includes a “hotel,” taco trucks and flight simulators.
Whatever the reason, shareholders seem to love hearing that jobs cuts are coming.
Delivery giant grows its network of sites where customers can send back packages by adding 10,000 Happy Returns drop-off locations.
Shipping companies need to cover their higher costs, but there’s a limit to how much they can pass on to customers.
The company posts a revenue dip and says the pay levels in the new labor agreement with the Teamsters are higher than it had planned.
