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UPS’s New CEO Walks Into an Amazon Squeeze Magnified by Pandemic – MSN

As Carol Tomé takes over as chief executive officer of United Parcel Service Inc. on Monday, she inherits the Amazon dilemma: The same online shopping explosion that is increasing delivery volume also is squeezing profit margins.

How the former finance chief at Home Depot Inc. solves the conundrum — which has been magnified by the coronavirus pandemic — is likely to define her tenure at UPS. Prominent voices on Wall Street are already recommending that she reject some business from Amazon.com Inc., which is a significant customer as well as a burgeoning competitor.

“What she needs to do is take a very firm stance and say, ‘This is not going to work long term, you need to pay us more,’” said Cowen & Co. analyst Helane Becker. “If you say ‘No’ every once in a while, you probably wind up with a better relationship.”

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UPS hints at drone ambitions – Light Reading

Shipping giant UPS said it is testing drone delivery services in an effort that could have significant implications for the nation’s wireless network operators.

In a virtual presentation Tuesday at the Wireless Infrastructure Association’s Connect (X) trade show, UPS’s Bala Ganesh said that the company has conducted several drone tests since obtaining US government approval in late 2019 to operate a drone airline.

“We’ve been working on this for five years,” Ganesh, the VP of UPS’s Advanced Technology Group, said in his presentation. “Today we are delivering.”

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UPS Healthcare Provides Urgent Support For Dr. Reddy’s Laboratories’ Temperature-Sensitive Medicines

UPS today announced a collaboration with Dr. Reddy’s Laboratories to get 30 tons of pharmaceuticals from India to the United States via Europe. The sensitive cargo had to be shipped within a controlled temperature range to ensure product stability. Given the supply chain challenges and restrictions due to the Coronavirus pandemic, UPS Healthcare and Dr. Reddy’s created an emergency supply chain plan to replenish pharmaceutical stocks in U.S. markets.

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White House rejects bailout for Postal Service battered by coronavirus – MSN

Through rain, sleet, hail and even a pandemic, mail carriers serve every address in the United States, but the coronavirus crisis is shaking the foundation of the U.S. Postal Service in new and dire ways.

The Postal Service’s decades-long financial troubles have worsened dramatically as the volume of the kind of mail that pays the bills at that agency ― first-class and marketing mail ― withers during the pandemic. The USPS needs an infusion of money, and President Trump has blocked potential emergency funding for the agency that employs around 600,000 workers, repeating instead the false claim that higher rates for Internet shipping companies Amazon, FedEx and UPS would right the service’s budget.

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After UPS worker’s death, colleagues demand more protection from COVID-19 – WHAS11

UPS said they’re purchasing as much hand sanitizer as possible and supplying gloves to those who need it most.

A UPS spokesperson confirms one of their workers in Louisville passed away, but they have not commented on how he died. Governor Beshear mentioned his death Monday evening during his daily presser on COVID-19.

“I still haven’t processed it yet,” said Tim Murphy, a longtime friend of the UPS worker who passed away over the weekend.