Category: UPS News

UPS has come to an agreement to lease a portion of the WSDOT property temporarily for the holiday season.

Wenatchee Development Project Manager Matt Shales says this will be in addition to the UPS facility in the south end of town.

“I think in years past, for the need, they were able to use their current space. The need is so great this year that they need to expand that operation and it won’t fit [their current building.]”

The expectations are that online ordering, and thus delivery and shipping, will be greatly expanded this winter.

UPS International Sustainability Director Peter Harris talks e-bikes, smart grids and other innovations to manage congestion and reduce emissions in urban delivery.

Global logistics giant UPS NYSE: UPS) manages urban logistics by making legacy transportation systems more efficient and investing in innovative, low-impact vehicle and delivery technologies.

That was the takeaway from a FreightWaves LIVE @HOME fireside chat featuring Peter Harris, international sustainability director for UPS.

“We’re trying to develop a tool kit of innovations and then as we go around the world we try to select the best solutions,” Harris said.

The Hawkins County Sheriff’s Office is investigating the report of an attempted robbery of a UPS truck on Tuesday evening involving two males who attacked the driver, and then fled in a red Chevy Cavalier after the driver fought them off.

The attack occurred around 4:30 p.m. on Highway 11-W in Surgoinsville near the Lone Oak Road intersection.

The driver told HCSO Deputy Ed Rodriguez he was flagged down by two males in a red Chevy Cavalier who were stopped in the emergency lane. He said he thought it might be a customer so he pulled over and stopped.

A new 5-year collective agreement was ratified by a large majority of frontline workers at UPS Canada today. This comes after five months of intense negotiations between the company and the Teamsters who represent over 9,300 workers at UPS.

“Our union has been able to secure financial and other improvements in the working conditions of these hard-working Canadians on the frontlines of this pandemic. This recognizes the critical role they have been playing in the supply chain since the outbreak of this crisis,” said the national president of Teamsters Canada, François Laporte.

The new contract will improve wage progression for all categories of workers, meaning that some members will receive immediate raises of as much as $2 to $3 per hour. Workers already being paid the top rate will receive a $4.10 raise over the course of the five-year agreement. Full-time employees with seniority (at least 90 days on the job) will earn double time on the weekend, provided they work at least five hours.

One stock that might be an intriguing choice for investors right now is United Parcel Service, Inc. UPS. This is because this security in the Transportation – Air Freight and Cargo space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Transportation – Air Freight and Cargo space as it currently has a Zacks Industry Rank of 5 out of more than 249 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, UPS is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.