Tag: UPS

February 5, 2024

For the first 30 or so months of her tenure, UPS CEO Carol B. Tomé had the wind at her back. For the past year, however, a gale force storm has been blowing right at the company. The question is […]

December 15, 2023

It seems like you can’t tell parcel-delivery diesel fuel surcharge moves without a scorecard these days. UPS Inc. (NYSE: UPS) will raise its weekly domestic ground delivery surcharge to 15.75%, effective Monday. This comes after UPS had reduced its weekly […]

November 20, 2023

Parcel-delivery industry pundits predicted at the start of 2023 that it would be the year of the shipper. For the most part, that forecast has come to pass. Now as 2024 begins to come into fuller view, indications are that […]

November 15, 2023

UPS Inc. on Wednesday unveiled its Supply Chain Symphony platform, which it said will integrate into one platform the visibility of multiple services that had previously been siloed. The new tool will enable customers to monitor simultaneously and in real […]

November 6, 2023

Nearly 200 senior pilots at UPS have accepted the company’s voluntary severance package, and regional passenger airline PSA Airlines is trying to recruit them to close a crew shortage. The head count reduction at UPS Airlines is much more limited […]

September 29, 2023

In an effort to recapture volumes diverted to rivals ahead of a five-year contract with the Teamsters union, UPS Inc. (NYSE: UPS) will offer rebates to offset early-termination penalties should customers break their new contracts to return their traffic to […]

September 27, 2023

UPS Inc. is set to hire more than 30,000 additional drivers for peak season, a mix of package car drivers, commercial driver license drivers and seasonal support drivers. Atlanta-based UPS plans to hire more than 100,000 seasonal workers to meet […]

September 7, 2023

UPS Inc. (NYSE: UPS) said late Thursday that it will raise 2024 tariff rates 5.9% on all air, ground and international services, effective Dec. 26. The move matches rival FedEx Corp. (NYSE: FDX), which announced a 5.9% increase late last […]

August 31, 2023

UPS Inc. is offering pilots an early retirement package to reduce payroll amid declining package volumes. The integrated parcel and logistics giant confirmed Thursday it wants to trim senior pilots from its ranks, a day after communicating with the pilot […]

August 14, 2023

There is more to precision-driving competitions than winning. Perhaps the greatest virtue of truck driving contests is that they often transform into fond memories for most competitors. For Ceth Christensen, camaraderie and building a congenial bond is the essence of […]

January 31, 2023

UPS Inc. navigated through a turbulent fourth quarter in decent fashion, posting revenues on Tuesday that were below consensus but reporting on-target adjusted operating margins and a modest year-on-year gain in diluted earnings per share that was still higher than […]

January 11, 2023

The contract negotiating process between UPS Inc. and the Teamsters union was expected to get loud and emotional. Judging from comments made at the first Teamster meeting to discuss bargaining strategy, the union didn’t disappoint. On Monday in Washington, Teamsters […]

December 30, 2022

In an unprecedented move, UPS Inc. will impose U.S. residential delivery surcharges beyond the peak delivery season instead of letting the levies fall away in mid-January. The Atlanta-based carrier has also done away with the word “peak” in its description […]

December 19, 2022

TransImpact says there will be virtually no difference in rates in 2023 between FedEx and UPS. Shippers using FedEx Corp. and UPS Inc. can expect 8% to 10% price increases in 2023 once rate and various “accessorial,” or add-on, charges […]

April 18, 2022

Alpine Air Express, which provides air cargo services to smaller communities in the western U.S. for customers such as FedEx, UPS and the U.S. Postal Service, said Monday it has acquired Omaha, Nebraska-based Suburban Air Freight to support growing demand […]

February 18, 2022

UPS Inc. detailed recent actions it has taken to support and empower Black communities to mark the start of Black History Month. The Atlanta-based multinational shipping, receiving and supply chain management company pointed to new strategic partnerships, more funding for […]

January 12, 2022

With e-commerce redrawing the landscape for freight transportation, a new Atlanta-based carrier recently launched as a middle-mile market provider across the South, Midwest and mid-Atlantic regions. Ascend is a dry van, full truckload company with a family culture that innovates […]

January 7, 2022

UPS Inc. and the U.S. Postal Service turned in stellar delivery performances during the peak holiday season, while FedEx Corp. lagged, according to data published late Friday by consultancy ShipMatrix Inc. UPS (NYSE: UPS) delivered 96.9% of all parcels within […]

December 23, 2021

Deal flow was heavy in the trucking industry during 2021. Most players in the space have seen multiple quarters of record earnings and cash flows. Whether it was looking for a place to put newfound cash to work, adding drivers […]

October 26, 2021

UPS Inc. rode higher prices and strong delivery demand driven by e-commerce to post profit that topped analysts’ expectations. It also raised its operating margin outlook to 13% for 2021 from an earlier target of 12.7%. UPS and rival FedEx […]