UPS Net Income Up 15.9%, Revenue Rises 5%
UPS Inc. reported $1.75 billion in net income in the third quarter of 2019, up 15.9% from the same period a year ago, in an earnings statement released Oct. 22.
UPS, Shippo Collaborate on Small-Business Shipping
UPS Inc. will work with shipping technology company Shippo to offer marketplace shipping rates to the more than 35,000 small- and medium-size businesses that use Shippo’s platform, according to an Oct. 10 news release.
October 10, 2019UPS Completes Nashville-Area Distribution Facility
UPS Inc. has completed the expansion of its Whitescreek, Tenn., ground-package sortation and distribution facility, part of a multiyear investment plan to grow its global logistics network.
September 30, 2019TuSimple to Use New Funds for System Development, Route Expansion
Startup autonomous truck company TuSimple announced commitments from investors for an additional $120 million. These funds are part of an extended Series D round that was oversubscribed and reached a total of $215 million.
Coyote Logistics: Truckload Rates to Rebound
Despite a freight slowdown in the first half of 2019, shipper demand is at an inflection point, and spot-market truckload business will rebound in the fourth quarter, according to officials from Coyote Logistics, a UPS Inc.-owned third-party logistics company based in Chicago.
At UPS, Brian Newman to Succeed Richard Peretz as CFO
UPS Inc. said PepsiCo executive Brian Newman will replace Chief Financial Officer Richard Peretz.
UPS Announces Strong 2Q Earnings
United Parcel Service Inc. reported second-quarter earnings benefiting from rising demand for its Next Day Air and Ground delivery services.
UPS Will Go to Seven-Day Ground Service in 2020
UPS Inc. is joining the seven-day-a-week delivery business, announcing July 23 that beginning Jan. 1, 2020, the Atlanta-based shipping giant will add Sunday nationwide ground service.
UPS Seeks FMCSA Exemption From 2020 Driving Instructor Requirements
UPS Inc. has requested an exemption from a federal regulatory requirement that its driver training instructors have two years’ minimum experience as trainers and have held a commercial driver license for at least two years, the Federal Motor Carrier Safety Administration announced June 19.
Amazon’s Foray Into Last-Mile Delivery Could Disrupt E-Commerce Sector
Amazon, the e-retail giant, has built up its logistics infrastructure over the years. This expansion includes a new warehouse just outside Omaha, Neb., as part of an effort to control more deliveries on its own rather than relying on FedEx Corp., UPS Inc. or the U.S. Postal Service.