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UPS to test electric vehicles from LA start-up Thor Trucks
UPS has made a deal with LA start-up Thor Trucks to create a pair of battery-powered Class 6 commercial vehicles. The two trucks, which can travel about 100 miles per charge, will be tested around Los Angeles. UPS says it wi...
UPS trials in-building smart lock deliveries
UPS has been testing an Amazon Key-style smart lock home delivery system, using locks from startup company Latch. It’s been trialled in New York City apartment blocks, or “multi-home units”, as an option fo...
UBS upgrades investor rating of UPS, downgrades FedEx
Investment bank and financial services firm UBS has upgraded its rating of UPS stock to “buy” while downgrading FedEx stock to “neutral”, after evaluating the near-term outlook of both companies. FedE...
UPS Foundation announces Women’s Exporter Program and over $10 million in grants
The UPS Foundation, the corporate social responsibility arm of UPS, has announced that it will be awarding over $10 million in grants this year to advance diversity and inclusion. The grants will support over 30 organisation...
UPS agrees to settlement in principle with Teamsters union
UPS has made a handshake deal with Teamsters, on behalf of the union's UPS members in the US. The current contract expires on 31st July 2018. UPS and Teamsters have negotiated an hourly wage increase of $4.15 over five years...
UPS to purchase 950 new electric vans from Workhorse Group
UPS will buy 950 electric vans from Workhorse Group, according to the electric vehicle start-up. The model UPS has purchased is the Class 5 N-Gen, of which it had previously ordered 50 as part of a test phase. Each vehicle c...