ION treasury solution user UPS wins EuroFinance 2018 Treasury Excellence Award for Technology Implementation

ION, the largest global provider of trading, analytics and risk management solutions for capital markets, commodities and treasury management, announces that its customer, the global logistics leader United Parcel Service (UPS), is winner of the 2018 EuroFinance Treasury Excellence Award for Technology Implementation.

The annual EuroFinance Awards recognize companies that have applied new technology successfully to a core treasury problem, and delivered genuine value to the business through innovation.

The solution deployed by UPS is ION’s Reval treasury management solution, chosen for the flexibility, scalability and cost-effectiveness that only a SaaS TMS can offer; through its partnership with Fides, delivers integrated, multi-bank connectivity as well.

UPS avoids work stoppage as freight workers approve new contract – Marketwatch

A strike would have caused disruption in a trucking market already struggling with tight capacity and higher shipping rates.

United Parcel Service Inc.’s freight workers ratified a final contract offer, averting a work stoppage that prompted the carrier to clear its network ahead of the vote.

The final offer cleared with 77% of votes cast approving the five-year contract, the Teamsters union said Sunday. The agreement covers 11,600 workers.

UPS said it would immediately resume pickups for its freight customers, which primarily ship heavier goods and bulk shipments that move on pallets. The company last week stopped picking up orders to empty its freight network of any cargo that could have been stranded during a strike.

11,000 UPS Freight Drivers May Go on Strike Monday, as Holiday Shopping Season Looms – Fortune

Ahead of early holiday shopping, United Parcel Service Inc. has been warning UPS Freight customers of potential delays. That’s because on Monday, some 11,600 UPS Freight workers, who are also members of the International Brotherhood of Teamsters union, may go on strike.

UPS posted a warning on its website and confirmed to Fortune in a statement that the company has already taken precautions against shipping delays by ceasing to accept new pickups and emptying its network of freight by Friday, Nov. 9. UPS Freight picked up new heavy shipments until yesterday, Nov. 7, and only guaranteed delivery of ground freight shipments through Nov. 8.

“The company has now begun discussions with UPS Freight customers to inform them of the potential for service disruption and the need to arrange alternative carriers. Because we do not have a guarantee against a work stoppage, we cannot afford to put our customers’ volume at risk of being stranded in our system,” UPS said in a statement.

UPS approved to install $77.5 million conveyor system – Jacksonville Daily Record

The project is part of a $196 million expansion at the shipping company’s Westside hub

United Parcel Service received a permit Thursday to install the bulk of the conveyors in its Westside Industrial Park plant at a cost of $77.5 million.

MHS Company Inc. of Kentucky is the contractor. The permit shows that the $77.5 million project is the first phase.

Atlanta-based UPS, which is working on a $196 million expansion of the Westside package delivery hub, will install the conveyors in its parcel shipping hub at 4420 Imeson Road.