Union Pacific Profit Tops Reduced Estimates
Union Pacific Corp. reported profit that topped analysts’ estimates, which had been adjusted down in the last month, as the railroad leaned on efficiency to make up for lower carloads and higher labor costs.
Maersk Partners With Kodiak on Autonomous Truck Runs
A.P. Moller-Maersk A/S, the maritime shipping giant that has been diversifying into land transportation, is betting that driverless trucks will help make deliveries more reliable.
Uber Freight Adds AI Tools to Better Compete in Cargo Market
The freight unit of Uber Technologies has tapped its vast data files to create an AI tool that can predict late shipments — and make suggestions for alternative routes.
UPS CEO Carol Tomé Outlines Challenging Year Ahead
UPS Inc. will pay out the biggest portion of its new labor pact over the next 12 months while trying to win back customers it lost during the contentious contract talks, CEO Carol Tomé said.
UPS to Raise Average Prices by 5.9%
UPS Inc. will raise prices 5.9%, to take effect on Dec. 26.
UPS Offers Buyouts to 167 Pilots as Air Cargo Slumps
UPS Inc. is offering a voluntary severance package for 167 pilots amid a slump in air freight volume.
FedEx Hires Aircraft Leasing Executive John Dietrich as CFO
FedEx Corp. hired John Dietrich, the former head of an aircraft leasing company, as its new chief financial officer amid a sweeping plan to restructure the package delivery giant.
UPS to Train Nonunion Employees to Deliver Packages
UPS Inc. plans to train nonunion employees to deliver packages in the event of a labor disruption in the U.S., underscoring the potential for a strike as a crucial negotiating deadline nears.
UPS Schedules Later Release of Midyear Earnings
UPS Inc. investors will wait longer than usual to hear from CEO Carol Tomé this quarter as the company works to avoid a harmful worker strike.
UPS Workers Give Union Leaders Option to Call Strike
UPS Inc.’s unionized workers voted in favor of giving Teamsters leaders the option to call a strike as the two sides continue talks to renew a five-year labor contract.