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United Parcel Service Inc
UPS to cut 12,000 jobs as revenue outlook falls short on weak parcel demand
...In European countries experiencing recessions, demand for express services fell....
January 30, 2024
LexUnited Parcel Service Inc
UPS’s results don’t offer canary in the coal mine hint for US economy Premium content
...It delivers about a quarter of American parcels. UPS trucks haul the equivalent of 6 per cent of the country’s gross domestic product....
January 30, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
The Week Ahead
Opening arguments begin in Trump trial
...Parcel Service Q1, Visa Q2, W R Berkley Q1 Wednesday Germany: Ifo Business Climate survey US: monthly durable goods orders data Results: Abrdn Q1 trading statement, AT&T Q1, Baker Hughes Q1, Boeing...
April 21, 2024
LexUnited Parcel Service Inc
UPS/FedEx: picking a delivery hero is a wager on wages Premium content
An industry-wide fall in package volumes after two years of strong demand means the outlook is nothing to write home about
August 29, 2023
Unions
Teamsters boss vows tougher line in US labour talks
...Competitors have echoed that concern, with Mike Parra, chief executive of DHL’s Americas business, saying that other parcel delivery services would not be able to pick up the slack....
June 7, 2023
US employment
US employers slow down hiring before holiday shopping rush
...UPS, the parcel delivery group, held a job fair in Long Island, New York this month....
November 25, 2022
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News in-depthUS retail
Christmas comes on time as US parcel deliveries beat Covid snarls
...Parcel analytics company ShipMatrix has predicted that 89.8m parcels will be delivered daily in the peak season between Thanksgiving and Christmas, up from 79.1m for 2020 and 65.3m in 2019....
December 23, 2021
LexTransport
UPS/FedEx: not all delivery companies benefit from ecommerce boom Premium content
...Competition in the parcel deliveries industry can only get stiffer given Amazon’s own ambitions. Labour and fuel cost pressures are expected to persist....
December 22, 2021
Airlines
US airlines warn of ‘chaos’ as telecoms groups roll out 5G
...“Governments in other countries have successfully designed policies to ensure the safe deployment of 5G technology and we’re simply asking the US government to do the same,” United said in a statement....
January 17, 2022
News in-depthBrookfield Asset Management Inc
Brookfield weighs the value of a new pillar in its complex structure
...Brookfield Asset Management, whose eclectic $690bn portfolio includes office towers, gas pipelines and a nuclear services company, is not quite the world’s biggest investment firm — but it may be the most...
February 22, 2022
Supply chains
Supply chain crisis will leave permanent scar, UPS warns
Delivery group’s international head says manufacturing and assembly will become more regional
September 13, 2021
News in-depthRobotics
Robots replace humans as labour shortages bite
...He used the company’s expanded facility at East Midlands cargo airport, which can process 22,500 parcels an hour, as an example....
September 22, 2021
Supply chains
Big US businesses pledge to extend working hours to ease supply chain backlogs
...“There may be isolated shortages of goods and services in the coming months. But there is an ample supply of goods....
October 13, 2021
Transport
Parcel groups seek to deliver greener ‘last mile’ processes
...Similarly, the principality of Monaco forces all parcel carriers to use a single site, with just one company providing final delivery....
October 8, 2020
LexTransport
UPS/FedEx: uniformed, not uninformed Premium content
Covid-19 has changed the economics of package deliveries and allowed couriers to raise prices
August 18, 2020
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
United Parcel Service Inc
Online shopping boom drives UPS quarterly sales higher
...United Parcel Service, considered an economic bellwether, reported a jump in quarterly profits and revenues as pandemic lockdowns drove a surge in online shopping and residential deliveries....
July 30, 2020
LexUS & Canadian companies
UPS: delivery drop-off Premium content
...Amazon’s third-party shipping service has the potential to become big business....
May 29, 2020
United Parcel Service Inc
UPS names ex-Home Depot executive to succeed Abney at the helm
...UPS has appointed Carol Tomé to succeed David Abney as its chief executive officer, turning to a former Home Depot executive to steer the parcel delivery company through the turbulence of trade wars, technological...
March 12, 2020
Corporate earnings and results
3M promises monthly updates in lieu of earnings forecasts
...Mr Abney, announcing his last earnings before retiring from the parcel delivery company, said he had never seen such “demand variability” in his 46-year career....
April 28, 2020
Coronavirus
Europe split over handling of postal services while in lockdown
...Unions in France have pushed the state-owned postal service to put workers’ safety first, calling for closures despite their status as an essential service....
April 2, 2020
Electric vehicles
UPS orders 20,000 vehicles from electric-van maker Arrival
Boost for UK start-up one week after receiving €100m injection from Hyundai and Kia
January 29, 2020
Shipping
Stamps.com soars on UPS shipping deal
...An announcement in February that Stamps.com would end its exclusive shipping partnership with the US Postal Service caused the shares to plummet 58 per cent in one day....
October 21, 2019
Airlines
US airlines eye job cuts once bailout strings expire
...The Trump administration did relax the minimum-service rules this week, saying it would allow some airlines to drop routes as long as they were served by another carrier....
May 14, 2020
InterviewHow to Lead
David Abney: Making the big decisions to transform a company
...The chairman and chief executive of United Parcel Service joined the delivery company while he was in college, taking a holiday job in 1974 loading packages on to trailers because he wanted cash to take...
October 27, 2019
United Parcel Service Inc
UPS profits boosted by strong US online shopping
...Parcel delivery company UPS, considered an economic bellwether, said strong demand for next day deliveries driven by retail and healthcare deliveries helped fuel its profits in the third quarter....
October 22, 2019

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