The global 3PL market is forecast to reach US$925.31 billion by 2020, according to a new study by Grand View Research Inc. Increased convergence on core competencies by outsourcing secondary business activities such as logistics is expected to drive the 3PL market over the forecast period. Infeasibility in managing geographically dispersed supply chain operations as a result of increased globalisation has led to several companies outsourcing their logistics function. Emerging trends such as Big … [Read more...] about 3PL market to reach US$925B by 2020
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FedEx
FedEx seals purchase of Genco
FedEx Corp. has completed the acquisition of GENCO Distribution System, one of the largest third-party logistics providers in North America. The acquisition, as previously announced on 15 December 2014, will offer customers a more comprehensive portfolio of logistics services, complementing the transportation services already provided by FedEx. “We are extremely pleased to welcome GENCO teammates to the FedEx family,” said Frederick W. Smith, chairman and CEO of FedEx Corp. “We … [Read more...] about FedEx seals purchase of Genco
FedEx, UPS make plans to avoid holiday delays
The continued dynamic growth of ecommerce fulfillment has UPS and FedEx preparing for one of the largest holiday season forecasts to date. Retailers and carriers alike are working together on ways to incentivize their consumers to spend more money, but they must also be ready to meet their shipping deadlines when consumer’s make their online purchases. The 2013 holiday shipping season experienced a number of delays, missed deliveries and service disruptions due to the increase of ecommerce … [Read more...] about FedEx, UPS make plans to avoid holiday delays
FedEx forecasts record holiday volume
FedEx is expecting to move more than 290 million shipments between Black Friday and Christmas Eve, an 8.8 per cent increase in overall year-over-year peak seasonal volume. The season is expected to be bolstered by three volume spikes throughout December, occurring the first three Mondays of the month and each expected to surpass 20 million in volume. December 15 is forecast to be the busiest day in company history, with a projected 22.6 million shipments moving around the world. “More than … [Read more...] about FedEx forecasts record holiday volume
FedEx launches global returns service
FedEx Corp. has launched FedEx Global Returns, a shipping solution designed to simplify the worldwide returns process. The solution offers retailers enhanced ability to manage their customers’ returns experience, including editable return labels, customs documentation and flexible return destinations via FedEx Express or FedEx Ground. “FedEx Global Returns puts the shipper in control,” said Raj Subramaniam, executive vice president of Marketing and Communications at FedEx. … [Read more...] about FedEx launches global returns service
FedEx announces early retirement of aircraft
FedEx has announced it has immediately removed eight aircraft from its fleet including A310 and MD10 aircraft. It is also accelerating the retirement of 66 further MD10 and A310s but has not indicated a time-line for this. Analysts have estimated this will reduce FedEx's capacity by nearly seven per cent. Although this represents a substantial proportion of FedEx's 368 large jet aircraft fleet, the move is, in part, a restructuring of the fleet renewal programme which will see the older aircraft … [Read more...] about FedEx announces early retirement of aircraft
