Category: UPS News

Through its multiple partnerships with EV startups, the company is precipitating a sustainable transformation in the delivery industry.

Back in June, UPS unionized workers were heading for a big strike after the company announced it wanted to make part-time employees, full time, so they could make weekend deliveries.

What’s the big deal?

Well, full-time employees typically earn $36-an-hour, while part-timers make considerably less at $15-an-hour. The company wanted to pay those weekend employees $15-an-hour despite working full-time hours.

Fortunately, for UPS shareholders, the company came to a five-year agreement with the Teamsters, who represent the 250,000 (58% of the total workforce), unionized employees.

It’s time for UPS to show what it can do for its investors.

United Parcel Service Inc. rose on Monday, Sept. 10, after Goldman said it’s time to “buy the transformation” at the package delivery company.

The Atlanta-based company with a market capitalization of $105 billion has said it aims to create greater efficiency throughout its back office and administrative areas and generate savings through global procurement, which includes streamlining internal systems and processes as well as better aligning resources to new and emerging growth opportunities.

Balloting information for the labor deal is expected to be mailed to members tomorrow through Friday, according to a post on Teamster.org, the International Brotherhood of Teamsters’ website. The ballots will be counted on Friday, Oct. 5, at 8 p.m., the posting said.

The members will be deciding on a new five-year master contract as well as local riders. This labor deal came together after negotiations between the union and the company earlier this year. The contract would create full-time job opportunities for part-time workers and provide higher wages and benefits, according to the union. The average wage would go from $15.19 per hour now to $19.34 per hour by 2022, according to UPSRising.com, a group within the Teamsters that supports the contract. The deal also creates at least 5,000 new full-time jobs.

The American parcels delivery giant United Parcel Service (UPS) is not leaving the e-commerce field to the Chinese express companies or carriers. They recently decided to roll out new technology to gear themselves better towards serving their clients in the future.

A new in-house company to be formed

In order to get things going, UPS has decided to form a new in-house company which will be named ‘Ware2Go.’ The aim is to create a new digital platform and technology set-up which can compare warehouse space available as well as other services in order to give customers a far better service by fulfilling online orders faster and more efficiently. This, UPS says, will give its numerous smaller and mid-size customers a better e-commerce leverage for supply of goods.