Concern that Amazon poses a significant threat to logistics giants has been an overhang for both FedEx (FDX) and United Parcel Service (UPS) stock, but we may get some relief on that front, says Bernstein.
Where we were: Some investors are worried that Amazon initiatives will hurt pricing and demand for the big parcel players.
Where we’re headed: We may soon see that the threat is less serious than many believe.
The Atlanta-based package shipper announced its seasonal hiring plans earlier this week.
United Parcel Service Inc. is hiring fewer people during peak season in Louisville in 2018 because it has ramped up staffing throughout the year.
Earlier this week, the Atlanta-based shipping giant announced plans to hire 100,000 seasonal employees companywide in support of the upcoming holiday shipping season. Of that total, it expects that it will hire about 2,600 seasonal workers in Louisville.
When a UPS truck driver shows up to your home, most people aren’t suspicious.
Neither was Boone County resident Tristan Nelson.
He was working outside next to his home when he noticed a car follow a delivery driver into his driveway.
“He waited like two minutes,” said Nelson. “Right before I was about to go and ask him what he was doing here, he grabbed the package that UPS had just been dropped off.”
The UPS Foundation Publishes its Annual Social Impact Report
The UPS Foundation, which leads global citizenship and philanthropy programs for UPS, announced it will award nearly $2.7 million in grants to preeminent environmental organizations worldwide. The missions of these organizations align with The UPS Foundation and the company’s environmental sustainability goals, which address creation of global standards and best practices as well as other issues such as renewable energy sources and reducing its absolute greenhouse gas (GHG) emissions from global ground operations. This announcement comes after The UPS Foundation recently awarded $10 million in grants to 44 organizations that advance diversity and inclusion around the world.
