UPS’s financial performance bounced back in the third quarter, but it flagged macroeconomic weakness and in-store shopping as potential headwinds for fourth-quarter volumes.
UPS is taking longer than expected to restore profit levels amid slower parcel growth and increased operating costs.
UPS announced on Monday it has entered an agreement to acquire Mexican express delivery company Estafeta.
UPS is working to transition U.S. Postal Service business from incumbent air cargo supplier FedEx and hire more pilots before the current contract officially ends.
Express delivery giant UPS is recruiting pilots again after beating out FedEx for the Postal Service’s air transport contract.
The U.S. Postal Service picked UPS to replace FedEx as its primary partner for moving parcels by air, but analysts say FedEx actually comes out ahead by losing the business.
UPS will take over flying mail and parcels for the U.S. Postal Service later this year. FedEx is relinquishing the contract but says the move will make it more profitable.
The U.S. Postal Service contract is an albatross around FedEx’s neck. The company needs to fly less during the daytime and consolidate more express and ground parcel shipments, Barclays says.
August was a better month, but express carriers are still flying less than they were a year ago because of slow shipping demand.
There’s been a changing of the guard at Coyote Logistics, with a new CEO as Jonathan Sisler looks for “new opportunities.”
The company successfully tested one of its driverless Arrival vans at a fully functioning parcel depot.
UPS announces emission-reduction strategies for facilities, small package operations and the global air fleet.
UK electric van and bus startup Arrival adds to Charlotte, North Carolina, presence with second US microfactory targeted to fill UPS order.
2000: UPS Airlines has signed an agreement with Boeing Co. to take delivery of 13 MD-11 widebody freighters over the next four years.
FMCSA has included restrictions and limitations in waivers so far to avoid compromising safety.
Workhorse Group is adding $200 million in debt to ramp up electric delivery van production faster and add new products like a refrigerated grocery delivery van.
Lordstown Motors says first-year production of electric commercial pickup trucks is sold out – if the startup secures the $450 million it needs to retool a former General Motors car plant to make full-size pickups.
Startup XStream Trucking is in early talks with two major truck manufacturers about its aerodynamic drag-reducing TruckWings, but its first distribution deal makes them optional on compressed natural gas conversions by Agility Fuel Solutions.
Workhorse Group has secured a $41 million loan in its third hedge fund deal in a year that the electric truck maker said will let it build out a backlog of 1,100 orders for lightweight commercial delivery vans.
Workhorse Group signed several partnership deals to leverage its intellectual property in electric trucks and drones in the third quarter while more than doubling its loss of a year ago.
Expansion of airport is key component of the Qatar Airways expansion plan
Daimler Trucks North America celebrated the 750,000th build at its plant in Cleveland, North Carolina as its parent company prepares to build its heavy-duty Actros at its joint venture. in China.
For the first time, Workhorse Group is tying the possibility of a huge contract with the U.S. Postal Service to the acquisition of General Motors Lordstown, Ohio assembly complex.
Softer air cargo seen across all major global trade lanes this year, but Industry leaders still optimistic.
LTL giant claims new requirements would also add costs to its in-house driver training.
