Category: UPS News

Bring on the holiday season.

United Parcel Service Inc. plans to bring on 100,000 workers during the peak holiday season, Chief Strategy and Transformation Officer Scott Price told TheStreet in an interview.

The Atlanta-based company will use technology, specifically automated recruiting capabilities, to hire those workers, according to Price.

“We will put on more capacity this year than we ever have put on before,” Price said. “That capacity will help us in some of the geo areas where there was a disproportionate growth.”

Some people in North Texas anxiously wait for a delivery driver to come to their neighborhood. And it’s not just for the packages she’s carrying.

Gina Cribbs is loved by hundreds of customers and their dogs. She isn’t an average UPS driver. She’s more of a dog whisperer. And for some of her customers, she’s part of the family.

She’s created a special bond with two bull mastiffs, Divya and Diesel, along with their owner Christy Howard.

“It’s the highlight of their day. They’re older, they don’t get to go many places now because it’s harder on them. So when they see the big brown truck now, it’s like Christmas,” Howard said.

Richard Peretz. United Parcel Service Inc. chief financial officer, discusses the company’s strategy and growth prospects with Bloomberg’s Caroline Hyde and Scarlet Fu on “Bloomberg Markets: The Close.”

United Parcel Service Inc (UPS.N) is doubling down on shipments between businesses as part of a $20 billion overhaul aimed at automating its facilities and offsetting the profit squeeze from lower-profit home deliveries from large retailers like Amazon.com.

The world’s biggest package delivery firm’s embrace of expensive “last-mile” home shipments of everything from clothes to car tires has squeezed margins as it competes with rival shipper FedEx Corp (FDX.N), which accepts less of that business.

UPS shares fell 2.9 percent to $119.69 on Thursday, after executives boosted long-term earnings targets while maintaining cost-reduction goals and stopping short of saying they would take fewer home deliveries.

United Parcel Service Inc is bolstering services to boost shipments between businesses as part of a $20 billion push to automate its network and offset lower-profit home deliveries from Amazon.com and other online retailers.

The world’s biggest package delivery firm’s embrace of expensive “last-mile” home shipments of everything from clothes to car tires has squeezed margins as it competes with FedEx Corp, which takes fewer of those pricey deliveries.

UPS shares fell 1.7 percent to $121.21 in midday trade after executives on Thursday boosted long-term earnings targets but stopped short of saying they would take fewer home deliveries.