Category: UPS News

UPS

The package delivery giant is benefiting from surging e-commerce volumes and starting to convince investors that it can generate volume growth and margin expansion at the same time. That’s a great recipe for long-term earnings growth.

There are three reasons to feel optimistic about the stock in the near and long terms. First, UPS looks well on its way to hitting the 2023 targets laid out in its investor day presentation in June. For example, the key to its overall margin expansion plan is to increase U.S. domestic package margin to a range of 10.5% to 12% in 2023, but management is already forecasting 10.5% in 2021.

The International Brotherhood of Teamsters just held a pivotal leadership election that will set a new course for one of the most storied unions in existence. The election officially marked the end of the Hoffa era—James P. Hoffa, son of Jimmy Hoffa, retired as Teamsters General President. In a major shift that will have significant ripple effects within the Teamsters and the labor movement writ large, members elected the Teamsters United reform slate headed by incoming president and Hoffa critic Sean O’Brien. As journalist Indigo Olivier wrote for Jacobin, “With 1.4 million members, the International Brotherhood of Teamsters (IBT) election results have implications not just for the massive upcoming United Parcel Service (UPS) contract, but for organizing Amazon and pushing labor-friendly legislation like the Protecting the Right to Organize (PRO) Act. The election marks the first time that a coalition backed by Teamsters for a Democratic Union, a rank-and-file reform caucus, will head the union since former IBT president Ron Carey was removed from office on false corruption charges in 1997.”

UPS has added a new flight between Cologne and Tel Aviv as the company looks to expand its offering to businesses in Israel.

The company said that the new service will be operated by a B757 freighter and includes a connection in Larnaca, Cyprus, and a direct flight back to the German city from Tel Aviv.

UPS said the service will offer Israeli businesses direct access to the European market and quicker transit times to the US, their primary export market.

Cyprus, meanwhile, will offer connection to Europe, Asia and Africa and give the country and its growing pharma industry improved access to those regions.

They used a 28 foot UPS trucks and package cars to deliver the supplies to the food bank.

APCOA PARKING (APCOA) and UPS have launched an international partnership in the field of environmentally-friendly micro-logistics. For several years now, UPS has been using APCOA car parks in Ireland to transfer deliveries from large containers to cargo bikes for last-mile delivery to end customers. Starting this year, the two companies have extended their partnership to Germany. APCOA and UPS are now collaborating at bases in Dublin, Hamburg and Cologne with plans in place to continuously expand their partnership over the next few years.

By joining forces, the two companies are helping to reduce CO2 emissions, traffic noise and congestion, thereby making urban logistics more sustainable. At the same time, the partnership allows APCOA to exploit existing multi-storey car park capacities as APCOA URBAN HUBS. UPS also benefits from being able to use cargo bikes to accelerate deliveries, as bikes are not held up by traffic jams and can more easily and quickly navigate through urban traffic.

“By joining forces with UPS, we are expanding our URBAN HUBS network, which provides the infrastructure for a wide range of sustainable urban services”, says Philippe Op de Beeck, CEO of APCOA PARKING Group. “By deploying our parking areas as transshipment hubs, we are providing the requisite infrastructure for environmentally-friendly logistics. As a result, we are making a valuable contribution to climate change mitigation and taking another significant step towards becoming the car park of the future”.