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UPS News

UPS expresses interest in Israel Post privatization tender – Jerusalem Post

United Parcel Service made an appearance on a Government Companies Authority Zoom conference dedicated to the tender.

United Parcel Service (UPS), the multinational package delivery company based in the US, participated in an investors’ Zoom conference hosted by the Government Companies Authority (GCA), which detailed the planned privatization tender of Israel Post, according to Globes.

On Thursday, the GCA announced its plan to follow through with a two-stage plan to privatize the Israel Postal Company. According to the approved plan, 20% of the company will be sold to an investor and an additional 20% will be put on the Tel Aviv Stock Exchange.

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UPS News

Stoughton Trailers, UPS reach milestone in partnership – Truck Parts and Service

Stoughton Trailers recently built its 50,000th dry van trailer for UPS.

The historic trailer rolled down Assembly Line 2 in the Stoughton, Wis., facility Wednesday, Aug. 12. Company officials and executives from both UPS and Stoughton participated in a virtual meeting to mark the milestone.

“This is an important milestone in Stoughton’s history, illustrating our 59-year commitment to building quality trailers that deliver superior performance,” says Bob Wahlin, president, Stoughton Trailers. “At Stoughton, our people take great pride in our relationship with UPS.”

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Industry News UPS News

UPS and FedEx stocks jump after Trump opposes more funding for USPS – Washington Examiner

The stock value of package delivery companies UPS and FedEx jumped Thursday after President Trump said he opposed more funding for the U.S. Postal Service over mail-in voting.

Stocks for UPS and FedEx each shot up by more than $3 shortly after Trump’s comments about not wanting to give additional funding to the Postal Service. The increase on Thursday represents a 1.5% to 2% jump in stock value for each company. Both companies have also had a stock spike since the end of July.

“It’s basic competition 101. If your competitor, a state competitor, is hurt, it’s an advantage for private companies in the same industry,” said Tim Wu, an antitrust professor at Columbia University. “It’s absolutely a boon for UPS and FedEx. It’s doubtlessly helpful to them.”

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UPS News

From panic to partnership

UPS helps a healthcare startup overcome roadblocks to develop COVID-19 test. GenePath Diagnostics is, quite literally, in the business of saving lives. As a molecular diagnostics company with operations in India and the U.S., they specialize in genetic testing to identify and diagnose infectious diseases, genetic disorders and cancers. And unlike most of their counterparts in the U.S., GenePath focuses on serving developing countries rather than Western healthcare markets.

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UPS News

Ohio UPS store owner personally drives package 1,250 miles to Florida for on-time delivery – WTSP

A UPS store owner is bringing new meaning to customer service.

Ardeshir Agahi runs one of the package delivery service’s locations in the Cleveland suburb Chagrin Falls. According to NPR, a customer recently arrived with two large paintings to ship to his home in Naples, Florida.

It was important they arrived by Saturday, but UPS has been super busy and would not have gotten the artwork to Florida in time. That’s when NPR says Agahi hopped into his 2011 Subaru Outback and took matters into his own hands.