United Parcel Service Inc (NYSE: UPS) has been named as the ”Top Dividend Stock of the Dow Transports”, according to Dividend Channel, which published its most recent ”DividendRank” report. The report noted that among the components of the Dow Jones Transportation Average, UPS shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at United Parcel Service Inc, and favorable long-term multi-year growth rates in key fundamental data points.
UPS (NYSE: UPS) today announced that it has been awarded the Authorised Economic Operator (AEO) certification by the Customs and Excise Department (C&ED) of the Hong Kong Special Administrative Region. The certification strengthens UPS’s customs-to-business partnership with authorities, and supports international trade by enhancing supply chain security and improving business processes.
“As a strategic logistics partner, UPS is committed to enabling our customers to expand regionally and globally in a more efficient manner. Our customers will benefit from customs simplification and speedy clearance to improve their competitiveness in a global market place,” said William Ng, Managing Director of UPS Hong Kong and Macau.
Expanded Facility Will Accommodate Increased Shipping Volume
UPS announced today a $17.5 million expansion of its delivery center in Menifee, Calif., to handle increased shipping volume from customers throughout the region. The expansion, which more than doubles the existing space, will open in late September. In addition to expedited package processing capability supported by advanced technology and conveyor systems, the facility will have expanded vehicle parking and an enlarged UPS Customer Center.
“We’re ready with more capacity to serve customers’ eastward growth in Southern California’s Inland Empire,” said Noel Massie, president of the South California District. “The growth of warehouse and distribution operations, as well as residential construction in the region, has necessitated the need to expand our facilities and operations.”
U.S. accident investigators took the unusual step of removing United Parcel Service Inc. (UPS) and its pilots’ union from a probe into the cargo-jet crash that killed two people last year in Birmingham, Alabama.
The company and the Independent Pilots Association “took actions prejudicial to the investigation” by issuing comments and analyzing findings before the National Transportation Safety Board meets Sept. 9 to determine the cause, the agency said today in an e-mailed release.
NTSB includes manufacturers, airlines and unions as parties to investigations to provide technical assistance. While they are also allowed to lobby the agency on its findings, the safety board limits what they can say in public.
New algorithm lets drones monitor their own health during long package-delivery missions.
In the near future, the package that you ordered online may be deposited at your doorstep by a drone: Last December, online retailer Amazon announced plans to explore drone-based delivery, suggesting that fleets of flying robots might serve as autonomous messengers that shuttle packages to customers within 30 minutes of an order.
To ensure safe, timely, and accurate delivery, drones would need to deal with a degree of uncertainty in responding to factors such as high winds, sensor measurement errors, or drops in fuel. But such “what-if” planning typically requires massive computation, which can be difficult to perform on the fly.
Now MIT researchers have come up with a two-pronged approach that significantly reduces the computation associated with lengthy delivery missions. The team first developed an algorithm that enables a drone to monitor aspects of its “health” in real time. With the algorithm, a drone can predict its fuel level and the condition of its propellers, cameras, and other sensors throughout a mission, and take proactive measures — for example, rerouting to a charging station — if needed.