An erratic peak season gives way to the proliferation of same-day logistics startups and an emerging new hierarchy among shippers.  

On Monday January 25th, UPS announced that they have entered into an agreement to sell UPS Freight (UPSF) to TFI International (NYSE and TSX: TFII) for $800 million in a deal that’s expected to close during the second quarter of 2021.
In a press release, UPS Chief Executive Officer Carol Tomé commented that “The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.”
Transaction Highlights

• Includes UPS less-than-truckload (LTL) and dedicated truckload businesses
• Expected to close during the second quarter of 2021

UPS (NYSE: UPS), has entered into a definitive agreement to sell UPS Freight (UPSF) to TFI International Inc. (NYSE and TSX: TFII) for $800 million, subject to working capital and other adjustments.
“We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International Inc.,” said UPS Chief Executive Officer Carol Tomé. “The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.” 
The decision to sell UPS Freight was reached following a thorough evaluation of the UPS portfolio, and aligns with the company’s “better not bigger” strategic positioning.
UPS and TFI International will also enter into an agreement for UPS Freight to continue to utilize UPS’ domestic package network to fulfill shipments, for a period of five years.
The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close during the second quarter of 2021. UPS expects to recognize a non-cash, pre-tax impairment charge of approximately $500 million on its statement of consolidated income for the year ended December 31, 2020.
With an operating history of over 85 years, UPS Freight is one of the largest LTL carriers in the U.S., offering a full range of regional and long-haul solutions and an on-time delivery guarantee for all LTL shipments and is headquartered in Richmond, VA.
AFMS continuously tracks and analyzes these important market changes ensuring our customers understand these changes and how they may be impacted.  Contact AFMS today for no cost evaluation and get a better understanding for your company. 

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​On a sequential week-over-week basis, it would appear that FedEx Corp. (NYSE:FDX) and UPS Inc. (NYSE:UPS) are holding their own in delivering holiday packages on time. Year-over-year, as might be expected, is a different story.

2020 has brought so many surprises, but late holiday presents don't need to be one of them! Follow these guides from the largest shipping carriers to make sure your loved ones get their gifts on time.

Did you know that more than $2 billion, in the form of refunds and credits, are unclaimed every year by U.S. businesses? This means that it is especially important to be aware of parcel shipping costs and how your carrier could be impacting expenses. From UPS refunds to avoiding GSR waivers, you should always make sure to stay up-to-date on ways to save. Keep reading to see some of the top ways to negotiate shipping rates with FedEx and UPS in 2021.

Did you know that every single second, approximately 2,760 packages are shipped? With ever-increasing parcel shipping, it has never been more important to stay up-to-date with parcel pricing and have reliable and easy-to-use parcel contract optimization. Recently, FedEx announced that service levels will soon increase, beginning in early January of 2021. Keep reading to find out about all of the changes underway.

United Parcel Service unleashed their 2021 General Rate Increase on Friday, October 29th. Overall, UPS Ground, Air and International rates, will increase an average of 4.9%. Remarkably similar to increases set by FedEx last month. Accessorials, fees and surcharges will see an increase of 4.84% -9.82%. While base freight rates mirror last year’s rate increase of 4.9%, Accessorial fees and surcharges will continue to add to the company’s coffers. SurePost service increases have yet to be posted.
For all the details around the UPS 2021 Rate Increase announcement. Click here (AFMS White paper & analysis)

With the hustle and bustle of the holiday season right around the corner, it's more important than ever for businesses to understand freight pricing and the need for freight pricing support. Freight pricing refers to a freight rate, which is the cost at which your company's cargo is delivered from one area to another.
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The holiday season is right around the corner, which means businesses across the U.S. are gearing up for the busiest and most competitive time of the year. For many of those who have experienced financial losses during the COVID-19 pandemic throughout 2020, the holiday season could potentially land your business a good chunk of revenue. But it's crucial that you play your cards right to keep your holiday gains from turning into holiday losses.

That said, here are a few tips you can use to help get your business ready for the upcoming holiday season so you don't find your business falling behind in the rush.

View Original Article on CNN Business
New York (CNN Business)Soon, you may not need a label or a box when you're trying to return something at FedEx.
The company is working with Happy Returns, an e-commerce return technology company. Customers will be able to return products in person — without a box or label — for an immediate refund or exchange from participating retailers.
At the FedEx hubs, returns are sorted by retailer, prepared for resale and shipped in bulk back to the retailer that sold them originally. Refunds and exchanges will be initiated by the retailer at the time of drop off.