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Industry News UPS News

FedEx slashes CEO’s salary, draws $1.5 billion from credit line – Reuters

FedEx Corp said on Friday it would slash its chief executive officer’s pay and draw down $1.5 billion from a credit facility as parcel delivery services take a hit from coronavirus-led lockdowns across the globe.

The company also plans to tap debt markets to bolster its reserves as the pandemic compounds its own troubles, including integration issues with its TNT Express acquisition, higher costs related to launching Sunday home delivery and the loss of Amazon.com Inc as a customer.

FedEx and larger rival United Parcel Service have asked the U.S. Treasury to move quickly to release billions of dollars in government grants and loans to support the sector amid falling demand.

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UPS News

UPS driver wants to deliver business back to downtown Auburn – OA Now

Shop owners and restaurant proprietors in downtown Auburn have more in common than proximity to the AU campus and tough times brought on by the COVID-19 outbreak.

They have Tucker Boswell.

Boswell, 35, has been their UPS driver for about a year, pulling up in front of their places every day in that big, brown van to pick up or drop off packages. He chats them up about their kids, grandkids and how their businesses are faring.

“I like Tucker, he’s a really good guy,” said Michael Overstreet, who has managed Toomer’s Drugs for 20 years.

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Industry News

Amazon responds after leaked memo reveals company’s PR strategy against warehouse worker – Geek Wire

Amazon’s logistics chief penned a blog post Thursday, hours after a leaked memo revealed an unflattering glimpse into the company’s PR strategy toward a fired warehouse worker who organized a walkout in New York this week.

The worker, Christian Smalls, wanted Amazon to do more to protect warehouse workers amid the COVID-19 outbreak. He was fired Monday for breaking quarantine and possibly exposing other workers to COVID-19, according to Amazon.

The leaked memo published by Vice News showed that Amazon General Counsel David Zapolsky called Smalls “not smart or articulate” and sought to make him the face of the labor movement in the New York facility. Critics blasted the Seattle tech giant for its response.

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Industry News UPS News

How logistics operations are responding to coronavirus setbacks – Louisville Business First

United Parcel Service Inc. continues to carry out normal services, said Jim Mayer, spokesman for the company.

UPS announced Monday it would be supporting FEMA and other government agencies with supply chain and shipping services for respirators, test kits and many forms of personal protective equipment across the country to combat the coronavirus.

Mayer said he anticipates Worldport, UPS’ 5.2 million square foot package handling facility off Grade Lane, will play an important role for the temporary staging of critical shipments from overseas.

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UPS News

UPS pilots ratify two-year contract extension – Freight Waves

“This contract extension provides stability for both UPS and our pilots as we jointly face unprecedented times in our industry,” said IPA Union President and Capt. Robert Travis.

The unionized pilots of express carrier UPS on Tuesday overwhelmingly ratified a two-year extension of their existing labor contract.

According to the Independent Pilots Association (IPA), the contract was ratified with 98.86% of the vote and 95.2% of the eligible members casting their ballots. The union represents more than 2,900 pilots who fly for UPS.

The new agreement extends the current labor contract for the UPS pilots, starting Sept. 1, 2021.