I’m Jay Kent, managing director of SLB Performance, a consulting firm that helps companies reduce supply chain costs, implement BI tools, and improve in-stock and customer service. After 25 years of leading some of the most complex supply chains in the industry, I began advising companies in multiple industries and verticals.
It’s important to understand the market to mitigate costs and improve efficiencies. So, twice a month, I’ll share parcel news and thoughts. Be sure to hit the subscribe button to receive the latest newsletter in your LinkedIn notifications. In addition, on those weeks that Parcel Notes does not go out, we send a market update and analysis email to subscribers. ***If you would like to be added, please DM me***.
- Supply Chain Dive – Alternative parcel carriers continue to expand – Jitsu, SpeedX and Veho have recently announced new markets they are making deliveries in, or will soon.
- The Sourcing Journal – Target’s same-day delivery grew more than 25% compared to 2023 while average delivery times were 11% faster. As noted in the article, same-day delivery normally carries a fee for eligible items but is free for orders above $35 for members of the Target Circle 360 paid membership program.
- Supply Chain Dive – UPS is increasing its fuel surcharge calculations and changing some other fees.
- The Loadstar – Effective since Sunday, all shipments on UPS from mainland China, Hong Kong and Macau to the US will be subject to a ‘surge fee’ of $0.29 per pound, based on the shipment’s billable weight, and will be in place through 29 March.
- FedWeek – The USPS will begin working with Elon Musk’s Department of Government Efficiency to look for ways to cut costs and streamline operations – something outgoing Postmaster General Louis Dejoy has been working on since his appointment in 2020 through his ambitious and controversial Delivering for America strategy.
- Newsweek – Beginning April 1, the USPS will adjust service standards for first-class mail, periodicals, marketing mail, and package services.
- Autoweek – US Senate DOGE Caucus members have introduced a bill that seeks to cancel $3 billion in Inflation Reduction Act funding for EV contract for the USPS.
FedEx Earnings
FedEx announces Q3 (ending Feb 28) earnings tomorrow. Stay tuned, I’ll discuss FedEx results in a new video in Monday’s email.
In the meantime:
- Yahoo! Finance – FedEx Gears Up to Release Q3 Earnings: What’s in the Offing?
- The Globe and Mail – FedEx (FDX) Is About to Report Its Earnings This Week. Here Is What to Expect
- MSN – Unveiling FedEx (FDX) Q3 Outlook: Wall Street Estimates for Key Metrics
That’s it for now. Stay tuned for the next newsletter on March 5. Don’t forget to hit the subscribe button to ensure you receive it in your LinkedIn notices. In addition, if you like what you’re reading, sign up to receive additional insights and analysis via emails twice a month – DM me for more info.
Most important though, reach out if you’d like to learn how to lower or even possibly eliminate any parcel fees. 📦
-Jay