Word: fedex
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Good news from UPS may also be good news for Main Street. The Atlanta-based UPS and its main rival, FedEx, are in some ways economic bellwethers. The 15.1 million packages that UPS handles every day translate into about 6% of the U.S.'s gross domestic product and 2% of the world's. Consider too that the shipping giants may actually be lagging indicators. "In downturns, companies let inventories deplete before they restock," Becker says. "That means demand--and the economy overall--must go up significantly before UPS's business improves...
...This is the first time there has been a major disaster when this type of service has been widely available," says Yéle Haiti executive director Hugh Locke, whose nonprofit will use the funds to send nutrition bars, candles, hand-cranked flashlights and blankets to Haiti on two FedEx planes this Friday. "People want a sense of participating in the response. There is an emotional need to do something," he adds...
...Most of us have already bought our holiday presents, of course. USPS shipping hit a high-water mark on Monday, Dec. 14, when post offices processed a whopping 800 million pieces of mail, a 40% spike over the typical load. A FedEx spokesman said the 14th was also that carrier's busiest day; the delivery service processed and sent out 13 million packages. Why Dec. 14? FedEx calls the date a "perfect storm" - packages were backed up from the weekend, and shoppers were rushing to beat the end of many retailers' free-shipping offers. The carrier says...
...factory in the northern Chinese city of Dalian. Nike signed up Chinese basketball wunderkind Yao Ming and then a gaggle of élite Chinese athletes to become the most popular sports brand in the country, growing 22% this year in China compared with barely 2% in the U.S. FedEx invested billions in logistics in China and the Pacific Rim, not just enabling foreign companies to function more smoothly but also exporting knowledge of modern shipping in the process. The cumulative result was a transfer of capital, yes, but more vitally of knowledge that has been the key to China...
...Monday a new committee called the Electrification Coalition was announced. Its 12 members include a utility, PG&E, but also members of industry, including Nissan chairman Carlos Ghosn as well as FedEx chairman Frederick Smith. The coalition's goal is to have electricity account for 75% of light-duty vehicle miles traveled by the year 2040. It also envisions a network of "fast-charging" stations, which would be capable of recharging a car in minutes. If that sounds expensive, it is. The coalition is calling for roughly $120 billion to be spent by the U.S. government over the next eight...