Cailley Lapara

USPS will carry out last-mile e-commerce deliveries directly to customer homes for DHL under the agreement, the companies said in a statement May 28.

The United States Postal Service is suspending discretionary spending across the organization as it faces a looming liquidity crisis.

Shares of FedEx Corp.’s former freight division fell on Monday in their first day of trading as an independent, publicly held company.

FedEx Corp. posted quarterly earnings that topped Wall Street expectations and said profit would grow this year, a boost for the courier’s effort to simplify its business.

FedEx reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs that have buffeted its business.

FedEx Freight Holding Co. is pursuing new business in sectors including data center infrastructure, grocery and healthcare to chart its future as a newly independent company.

FedEx Freight is pursuing new business in sectors including data center infrastructure, grocery and healthcare to chart its future as a newly independent company.

United Parcel Service Inc. and FedEx Corp. shares tumbled after an analyst warned that Amazon Inc. is offering inexpensive and increasingly fast delivery services to third-party customers, underscoring the risk posed by the e-commerce giant to traditional shipping firms.

United Parcel Service Inc. boosted its sales guidance for the year, suggesting the courier is benefiting from strong pricing as it works to shift volume from low-margin e-commerce shipments to more-profitable packages.

Revenue will be about $91.2 billion this year, up from a prior forecast of $89.7 billion, UPS said July 28 in a statement as it reported quarterly results.