UPS

Louisville officials say the crash is the worst air disaster in the city in decades

UPS said in April this is part of its ongoing plan to become the top global player in healthcare logistics.

UPS said that it is installing air conditioning in 5,000 of its existing delivery vehicles in the hottest regions across the country and also testing air conditioning in the cargo area of its package cars.

The firm said that based on its estimates it expects that 2.3 million packages will be delivered over this year’s peak, representing a 5% annual gain, attributing the expected increase to one more shopping day than there was in 2024.

In a Form 8-K statement issued last week, UPS said that it terminated its plans to acquire Estafeta due to the inability of all closing conditions to be satisfied.

Quarterly consolidated revenue, at $21.2 billion, fell 2.7% annually, and basic earnings per share, at $1.55 (short of Wall Street estimates of $1.57), fell $0.24, or 13.4%, annually. Total operating profit, at $1.8 billion, decreased 6.3% annually. 

The package from UPS includes $1,800 per year of service at UPS, with a minimum payout of $10,000, with all years of service honored. The company has more than 10,000 full-time drivers with 25 years of service or more.

The Teamsters said earlier today that UPS is preparing to roll out later this month what it called “an illegal plan” to buy out full-time Teamsters-represented UPS employees, labeling it a corporate scheme which directly violated its contract with UPS that represents 340,000 delivery workers.

FedEx said that this new pricing and rating structure is for parcel pickups in the United States and Canada. And it added that this new rating structure will charge weekly for regularly scheduled (U.S. and Canada) and automated pickups (U.S. only), regardless of service type—whether it is FedEx expedited or standard service—with on-call pickups in the U.S. charged per stop.

Seattle-based global e-commerce bellwether Amazon recently announced it has it will be expanding its Same-Day and Next-Day Delivery services, with a rural focus, for tens of millions of United States-based customers located in more than 4,000 smaller cities, towns, and rural communities by the end of 2025.

Atlanta-based Stord, provider of high-volume fulfillment services and e-commerce technology for leading brands, announced today it has completed its acquisition of Atlanta-based Ware2Go, a UPS subsidiary comprised of a nationwide network of certified warehouses and technology to streamline fulfillment across sales channels, and a flexible business model that eliminates long-term contracts and order minimums. 

Executives from San Diego-based parcel consultancy Shipware offered up some observations on this development, with Amazon and FedEx renewing business ties, following a June 2019 breakup, in which FedEx announced it made a “strategic decision” not to renew the FedEx Express U.S. contract with Amazon, as it focused on serving the broader e-commerce market.

A report stated that Amazon has tapped FedEx to be a partner for the delivery of select large packages to homes, citing an Amazon spokesman, saying the company, “has reached an agreement with FedEx to serve as one of several third-party partners to deliver packages to our customers.”

A report recently issued by ShipMatrix, a subsidiary of Warrendale, Pa.-based SJ Consulting, points to an increasing shift in the parcel marketplace that is having an impact on the parcel duopoly of FedEx and UPS.

Earlier this week, Atlanta-based global freight transportation and logistics services provider UPS rolled out new ground shipping offerings, geared towards both residential and commercial shippers.