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Industry News UPS News

FedEx Bought This Air Freight Carrier for $4 Billion; Now It’s Laying Off More Than 6,000 Workers – Motley Fool

FedEx said on Monday that it will cut up to 6,300 jobs in Europe as the final step of integrating acquisition target TNT Express into the transport giant’s global delivery network.

The company bought TNT Express in 2016 for $4.4 billion, beating out rival United Parcel Service for its European operations. The deal has failed to live up to expectations, with FedEx twice replacing the executive leading the integration efforts and the company taking multiple charges due to weak European sales.

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UPS News

Samet sells property to UPS for Alamance facility in $9.43 million package – Triad Business Journal

United Parcel Service has purchased the property for its planned 510,000-square foot, $262-million distribution and delivery center in eastern Alamance County.

Samet Corp., which will build the facility, sold approximately 175 acres and a 134,000 SF spec building at North Carolina Commerce Park to UPS for $9.43 million. Brian Hall, Samet’s director of development, told Triad Business Journal on Tuesday that the sales price included some site preparation, due diligence and entitlements.

Just prior to the sale, Samet acquired approximately 160 acres of the land — purchased by the company in two transactions of two tracts each — for about $5.5 million. Samet included another 15 acres with the existing spec building as part of the deal.

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UPS News

UPS rolls out ServiceNow ITSM globally in 27 weeks – Diginomica

UPS is a globally recognised package distribution, home delivery and parcel collection company, bringing in over $70 billion in revenue last year. To highlight the scale of the organisation’s operations, UPS delivers 5.5 billion packages a year, has 495,000 employees and manages 294.9 million online tracking requests each day.

The physical nature of UPS’s business isn’t stopping it, however, from thinking about how it can make better use of digital technologies to enable its workforce, but also to better service its customers. Part of this thinking includes the rollout of the ServiceNow platform for ITSM – both for internal and external stakeholders – in an attempt to speed up time to resolution and provide a better quality of service for all those involved.

Consequently, UPS’s decision to rapidly rollout the ServiceNow platform – in just 27 weeks (which is a very short timeframe for a project of this scale) has served the business well in dealing with the complexity and fallout from the COVID-19 pandemic.

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Industry News UPS News

Local delivery driver goes viral in TikTok dance video featuring essential workers – KGET

A local delivery driver has gone viral in a TikTok dance video featuring essential workers.

The TikTok features 23-year-old Jamie Hernandez, a South High School graduate. Hernandez works as a delivery driver for UPS in Bakersfield.

The video shows four delivery drivers from different companies doing a choreographed dance. The TikTok was posted on Tuesday, Jan. 12 by Abiud Sando, a FedEx delivery driver from Washington, and has now surpassed more than 3 million views. The video has been shared by Complex and US Weekly and now has been seen more than 10 million times.

Hernandez said Sando created the dance and people requested he dance with other delivery drivers, so they made it happen.

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UPS News

Will UPS (UPS) Beat Estimates Again in Its Next Earnings Report? – NASDAQ

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider United Parcel Service (UPS). This company, which is in the Zacks Transportation – Air Freight and Cargo industry, shows potential for another earnings beat.

This package delivery service has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 63.69%.

For the last reported quarter, UPS came out with earnings of $2.28 per share versus the Zacks Consensus Estimate of $1.86 per share, representing a surprise of 22.58%. For the previous quarter, the company was expected to post earnings of $1.04 per share and it actually produced earnings of $2.13 per share, delivering a surprise of 104.81%.