Industry News
UPS CFO steps down over health concerns
UPS has announced that executive vice president and chief financial officer (CFO) Brian Newman is stepping down from his role on June 1 to focus on his health.
In a statement published on UPS’s website, Newman stated, “I am honored to have served as CFO of such a storied company with so many great leaders around the world. I am confident in the company’s continued success and growth trajectory. My near-term priority is to focus on my health.”
UPS is now evaluating potential internal and external CFO candidates to succeed Newman.
ANALYSIS: Divided by borders, united by Nova Post
In the wake of the Russian-led war in Ukraine, the postal and parcel industry has faced unprecedented challenges. From infrastructure damage to shifting geopolitical dynamics, navigating this difficult landscape requires resilience, adaptability and strategic foresight. In this article, we delve into key considerations and strategies adopted by the country’s dominant CEP operator to effectively offer a last-mile parcel service to citizens amid the conflict in Ukraine.
Nova Post is a leading Ukrainian express delivery operator founded in 2001.
Australia Post to invest $290,000 in community projects
As part of its work to make a positive impact on communities across the country, Australia Post has awarded grants to 152 grassroots community and not-for-profit groups through its annual People of Post Grants.
This year, the funding available to individual groups has been doubled to up to A$2,000 (US$1,315), with the total investment reaching more than A$290,000 (US$190,683). The initiative sees Australia Post team members nominate local not-for-profit community initiatives that address some of Australia’s most pressing social issues including mental health, disaster support and resilience, Indigenous children’s literacy, and environmental sustainability.
OPINION: Navigating the future of out-of-home delivery
In today’s fast-paced world of online shopping, convenience is king. It’s enough to look at the rise of parcel locker networks and the increasing popularity of out-of-home (OOH) delivery options across Europe to understand that consumers are craving more flexibility when it comes to receiving their packages.
In fact, as parcel locker networks continue to expand their reach, offering secure and accessible delivery options, it’s unsurprising that an increasing number of consumers are choosing to skip the doorstep delivery dance altogether.
Canada Post suffers C$748m loss in 2023
Despite growing parcel volumes last year, Canada Post has recorded a pre-tax loss of C$748m (US$543m) for 2023 as a result of the post-pandemic surge in parcel delivery competition, the ongoing erosion of transaction mail, and continued growth in addresses and delivery costs.
According to the post, its parcel delivery market share has fallen from 62% pre-pandemic to 29% in 2023, while transaction mail volumes have reduced by 3.3 billion since 2006 to 2.2 billion letters in 2023.
Amazon launches first micromobility hub in Northern Ireland
E-commerce customers in Belfast, Northern Ireland, will now be able to have their Amazon parcels delivered by a fleet of electric cargo bikes from the company’s new micromobility hub in the city’s Titanic Quarter.
The bikes are part of Amazon’s wider £300m (US$375m) investment to help electrify and decarbonize its UK transportation network, and the micromobility hub is one of 40 in cities across the UK and Europe.
“Our new electric cargo bikes are part of Amazon’s commitment to reach net-zero carbon across our operations by 2040, 10 years ahead of the Paris Agreement,” said Jim Press, senior delivery station manager at Amazon in Belfast.
Austrian Post sees Q1 parcel growth despite challenging market conditions
Despite high inflation and weak economic momentum, Austrian Post recorded 15% growth in domestic parcel volumes in the first quarter of 2024, with volumes by rising 6% in Turkey and 44% in Southeastern and Eastern Europe.
The company also saw revenues increase by 14.1% to €758.6m (US$815.6m), with even the mail division achieving 2.3% growth to €315.6m (US$339.3m) despite structural decline in addressed letter mail volumes and the declining advertising business. It was positively influenced by rate adjustments for letters as well as direct mail and media mail.
Wincanton to run e-commerce operations for Edgewell Personal Care
Edgewell Personal Care has chosen Wincanton as its supply chain partner to help drive its e-commerce growth strategy in the UK.
Wincanton will run the fulfilment operation at its state-of-the-art Northampton shared-user e-commerce facility, which includes new autonomous mobile robots (AMRs) to fulfil customer orders.
Carl Moore, managing director of e-fulfilment at Wincanton, commented, “We are looking forward to welcoming Edgewell into our shared user facilities to give the company the flexibility needed to grow its e-commerce business.