UPS What is Coyote Logistics and why is it worth $1.8 billion? – Christian Science Monitor

Coyote’s addition to UPS, where it will operate as a separate subsidiary under the same name, will provide software solutions to help determine how to utilize their fleets more efficiently, said the statement.

Mr. Abney said the acquisition is projected to begin adding to UPS’s earnings in 2016, and should create $100 to $150 million in annual operating synergies, “from backhaul utilization, purchased transportation and cross-selling opportunities.”

The deal comes just as the shipping giant gears up for this year’s holiday season, a time period that has caused UPS problems in the recent past.

FedEx Faces In-Depth EU Probe Into Bid to Take Over TNT – Bloomberg

FedEx Corp. faces an in-depth probe into its bid to take over TNT Express NV just two and a half years after European Union regulators thwarted United Parcel Service Inc.’s attempt to buy the Dutch company.

The FedEx-TNT tie up may cut competition in the market for small packages and lead to higher prices, the European Commission, the EU’s executive arm, said Friday.

The EU “said all along they were going to leave no stone unturned. How could they not do an in-depth review when they rejected the UPS-TNT merger?” said Kevin Sterling, an analyst with BB&T Capital Markets, who recommends holding FedEx shares. “Think of the scrutiny they gave UPS-TNT. They have to do this. They absolutely have to.”

Jury Verdict of Bias Upheld in Case of Lesbian UPS Worker – New York Law Journal

Eastern District Judge Jack Weinstein affirmed a jury verdict this week in favor of a lesbian who claimed hostile work environment discrimination at United Parcel Service, and decried the fact that “no federal statute explicitly protects against employment discrimination on the basis of sexual orientation.”

Ruling in Roberts v. United Parcel Service, 13-cv-6161, Weinstein rejected UPS’s claims that plaintiff Tameeka Roberts had been subjected only to “petty slights and trivial inconveniences” that did not rise to the level of a hostile work environment required to support a claim under the New York City Human Rights Law.

He said the jury had “found improper under the law repeated advice from plaintiff’s supervisor that her sexual orientation as a lesbian was evil and needed to be changed in accordance with religious dictates.”

UPS bolsters full-truckload business with $1.8 billion deal – Reuters

United Parcel Service Inc (UPS.N) said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry.

Coyote Logistics connects customers to its network of more than 35,000 trucking operators in North America and caters to the food and beverage, consumer goods, paper and packaging, industrial as well as retail markets.

UPS driver shot twice, robbers steal packages from truck – Click 2 Houston

A UPS driver was shot after delivering a package in southeast Houston Thursday night.

According to authorities, the driver had just returned to his truck when three men walked up and shot him twice. The victim managed to get help and he’s expected to make a full recovery.

The robbers got away with 20 to 30 packages in the truck.