Postal Service Delivery Performance Continues to Average 2.6 Days

“Execution of our long-term growth strategies, customer demand for the unique value of our broad portfolio of solutions and healthy growth in the global economy are driving our performance,” said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. “We expect strong operating performance in each of our transportation segments in the fourth quarter.” Operating results benefited from higher base rates, increased volume at FedEx Ground and FedEx Freight, and a favorable net impact from fuel. Results were negatively affected by significantly higher variable compensation accruals, increased peak-related costs at FedEx Express and the impact of adverse weather. Variable compensation increased in connection with the company’s pay actions that were announced following the passage of the TCJA. These variable compensation accruals include the year-to-date impact of the announced changes. TNT Express integration expenses were also higher. Click Read More below for additional information.

The latest and exciting NEW issue of The Page, the magazine produced by Two Sides to promote the sustainability and value of print, is now available! In the latest edition of The Page, we take a look at what’s in store for 2024. After a turbulent 2023, we pick the brains of our finest industry experts about their predictions for print, paper and paper-based packaging. Getting your customers’ ATTENTION and keeping it is the Holy Grail of marketing. Now attention metrics shows that print is one of the best performers. You can read more about it in the latest edition of The Page. more at: https://twosides.info/uk/the-page-january-2024

Citing industry shifts as well as disruptions in the publishing supply chain caused by the Covid-19 pandemic, Ingram Content Group said it is investing millions of dollars in an upgrade to its global printing and distribution network. In the U.S., Ingram said it is investing “millions of dollars” to increase capacity in its print-on-demand manufacturing plants located in Allentown, Pa., Jackson, Tenn., and La Vergne, Tenn. New printing, binding, trimming, and shipping/sortation equipment will be installed now through October, which the company said will increase U.S. capacity “by double-digit percentages,” adding that it expects to “hire hundreds of new associates in these facilities.”