UPS
UPS Forecasts Softer Peak Despite Strongest Volume Growth Since 2021
The parcel delivery firm saw U.S. volume grow 6.5 percent in Q3, but a shorter peak season could lead to…
UPS Misled Investors Over 2024 Guidance, Class Action Suit Alleges
A shareholder accused UPS of failing to disclose its inability to handle more low-profit volume, which led to…
Holiday Hiring Across Logistics Looks Very Similar to 2023
UPS is hiring more than 125,000 seasonal workers, making it one of the few logistics firms outperforming last…
UPS and FedEx ‘Obvious Beneficiaries’ of East Coast Port Strike
The U.S. logistics giants could potentially pick up some short-term contracts from shippers that want to…
Hurricane Helene Disrupts Florida Supply Chain for Ports and Couriers
The storm could potentially reach Category 4 status, and is projected to have maximum sustained winds of up…
UPS Has a $224 Million Sustainability Opportunity
According to Brand Finance, UPS tops all logistics providers with a brand value of $34.6 billion, besting…
UPS Levies More ‘Demand Surcharges’ Ahead of Holiday Volume Surge
UPS is adding pricier surcharges for its Ground, Air and SurePost services, and is hiking the fees to ship…
Retail Bottom Line Feels Heat From Fast, Free Shipping
Only 28 percent of execs say last-mile delivery is accretive to their profitability as compared to in-store…
UPS Cuts Revenue Guidance as Customers ‘Trade Down’ on Shipping Services
The parcel shipping giant acquired logistics company Estafeta, embedding the company further into Mexico as…
UPS Could Lay Off 540 Employees Upon Closing Baltimore Warehouse
UPS expects an "enhanced" version of the facility to reopen in late 2025, as the company consolidates its…
RXO’s Coyote Deal— All About Scale
The RXO-Coyote deal is representative of how truckload brokers see scale as a longer-term trend where big…
UPS Sells Coyote Logistics to RXO for $1B
RXO will become third largest N.A. freight brokerage firm at the end of 2024 following its acquisition of…
UPS Expects Second-Half Return to Volume and Revenue Growth
According to CEO Carol Tomé, U.S. volume declines slowed as the quarter progressed, dipping less than 1…
Amazon Surpasses UPS in Parcel Volume For First Time, Index Says
One expert academic says Amazon is capitalizing on volume as "UPS and FedEx are focusing on yield more so…
UPS Hiring 170 More Pilots Ahead of USPS ‘Volume Surge’
The hiring spree comes months after UPS offered severance to 192 pilots, as a new contract with USPS begins…