UPS, FedEx cap air express deliveries: report
Bengaluru
UNITED Parcel Service Inc and FedEx Corp started limiting air express deliveries after a last-minute increase in shipped packages caused some retailers to exceed agreed-upon limits, the Wall Street Journal reported, citing people briefed on the situation.
This year, both UPS and FedEx held some retailers to their volume commitments during the final shopping days before Christmas, aiming to avoid a repeat of a fiasco last year, the Journal reported.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead independent director
GSK profit drops 23% in Q1 on higher costs
Starbucks points to weaker consumer as profit falls
Restaurant Brands tops estimates as Burger King overhaul pays off
Walmart to shut all health centers in US over lack of profitability
Coca-Cola raises annual sales forecast on global demand, higher prices