UPS’s $20 Billion Problem : Operations Stuck in the 20th Century – 4 Traders

In the sticky Southern heat, hundreds of workers streamed in for the 11 a.m. shift last month at United Parcel Service Inc.’s local package-sorting facility, one of dozens nationwide that help it move millions of parcels daily.

In a windowless room, a 30-year-old analog control panel about the size of a chest freezer monitors operations, with rows of green and red lights indicating when something goes awry in the building’s web of conveyor belts.

“Thirty years ago, this was top-notch,” UPS plant engineering manager Dean Britt said of the control panel. Today, the panel’s computing capabilities “can probably fit on your phone,” he said, “and not even a good phone.”

The site, and other similar UPS facilities, haven’t automated much over decades — despite a rush of new warehouse technology in many industries. Today, the company is paying a price.

The Brilliant Ways UPS Uses Artificial Intelligence, Machine Learning And Big Data – Forbes

In a business where shaving off a mile per day per driver can result in savings of up to $50 million per year, UPS has plenty of incentive to incorporate technology to drive efficiencies in every area of its operations.

According to UPS’ Chief Technology Officer Juan Perez, “Our business drives technology at UPS.” Here are just a few of the ways UPS uses big data and artificial intelligence (AI) to prepare for the 4th Industrial Revolution.

Employers open to multiemployer loan program – Pensions and Investments

Some employers support creating a federal loan program to help struggling multiemployer pension funds, witnesses told the bipartisan House and Senate Joint Select Committee on the Solvency of Multiemployer Pension Plans on Wednesday.

Chris Langan, vice president of finance for United Parcel Service Inc., told the panel that UPS officials “believe that long term, low-interest-rate loans are a viable option,” adding, “there are ways to protect taxpayers as well.”

UPS Applauds The House Vote On The Stop Act

Urges the Senate to move quickly to vote on the bill

UPS® (NYSE: UPS), a global logistics provider and leading advocate for global trade, customs and security, commends the House of Representatives for passing the Amendment to H.R. 5788, the “Synthetics Trafficking and Overdose Prevention Act of 2018” (STOP Act). UPS also applauds the leadership of Chairman Kevin Brady and Ranking Member Neal for reaching a bipartisan, bicameral agreement that will close the global postal loophole and require all foreign packages to include Advance Electronic Data (AED), as the private carriers already do. AED is an essential tool for Customs and Border Protection to protect our borders.