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Teamsters ratifies contract voted down by UPS drivers
Teamsters, the US labour union, has approved a five-year contract with UPS despite 54% of the 92,605 UPS employees who cast their vote rejecting the deal. The reason is that less than half of the over 200,000 UPS workers who...
UPS announces new growth strategy for parcels and e-commerce
UPS has announced its new growth strategy for the business, looking to improve operational costs and boost earnings between now and 2022. The company will focus on four “strategic imperatives”: the continued expa...
UPS applies for "automated determination" blockchain patent
UPS has applied for a patent for blockchain technology that could be used to plan package routes and to track shipments made by multiple carriers. The technology would not only store and track data relating to the shipment&r...
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...