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UPS Must Pay $247 Million to N.Y. Over Untaxed Cigarettes – Bloomberg

By on May 26, 2017 in UPS News

  • Judge said she wants to send a message to top executives
  • Company pledges to appeal, saying award is ‘excessive’
United Parcel Service Inc. was ordered to pay $247 million to the state and city of New York for the company’s “egregious and prolonged” failure to stop shipments of untaxed cigarettes from American Indian reservations that officials said undermined anti-smoking efforts.
U.S. District Judge Katherine B. Forrest in Manhattan said she wanted to send a message to the most senior executives at UPS about the cost of such misconduct. Modest penalties, she said in her ruling Thursday, “would not make a sufficient corporate impact” on the company.

UPS, SF Holdings plan to join forces in Chinese shipping market – Reuters

By on May 26, 2017 in UPS News

United Parcel Service Inc on Thursday announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings, laying the groundwork to expand shipping services from China to the United States.

SF Holdings, parent company of SF Express, is often called China’s answer to UPS rival FedEx, and is the dominant package delivery company within China. It also delivers to more than a dozen countries, including the United States and Japan.

UPS And SF Holding To Establish Joint Venture

By on May 25, 2017 in UPS Press Release

  • Establishes a platform to support the creation of innovative new-to-market B2B and B2C products and services enhancing market access, initially between China and the US, with plans for further global market expansion
  • Products supported by the joint venture will leverage the parent companies’ networks, product portfolios, technologies and supply chain expertise
  • Customers in China to be offered more international shipping options, transit times and services, enhanced visibility and control of international shipments, and cohesive customer care at origin and destination
  • Joint venture subject to regulatory approval

Might drones replace trucks for package deliveries? – FleetOwner

By on May 25, 2017 in Industry News, UPS News

It is no secret that many think drones – or, to use their technical descriptive, unmanned aerial devices (UAVs) – prove an ideal delivery platform for small packages.

Indeed, there’s been significant testing of them lately for such service: DHL with its “parcelcopter” in 2014 and United Parcel Service with its parcel car-drone combination earlier this year offer up but two commercial examples.