Category: UPS News

Century-old delivery giant United Parcel Service (UPS) believes that blockchain technology could help streamline package delivery logistics across a global supply chain.

According to documents published by the US Patent & Trademark Office (USPTO) on Thursday, the Georgia-based UPS has applied for a patent that utilizes blockchain and distributed ledger technology (DLT) to route packages throughout an international supply chain that may include multiple carriers.

The patent application, which UPS originally filed on Feb. 16, explains that while shipping logistics providers have become quite adept at optimizing package routing to increase efficiency and minimize costs, it is still difficult to coordinate logistics for shipments that involve more than one logistics service provider transportation network.

United Parcel Service says it reached a tentative labor contract covering more than 1K aircraft mechanics after more than four years of negotiations, providing annual wage increases and preserving health coverage without employee premiums.

The agreement sets up a critical series of votes for UPS union members on three contracts that represent more than 260K covered employees; in June, UPS agreed to a new five-year deal covering workers in small package operations, followed a few weeks later by a five-year deal covering UPS workers who haul freight.

Antoine Dangerfield didn’t set out to become a labor leader

The work stoppage centered around two contractors: Material Handling Systems Inc., a Louisville-area contractor that is building the UPS hub, and Contractors Resource Inc., a Texas staffing firm, which Dangerfield said employed him and his co-workers.

The last straw, Dangerfield said, was when the manager in question became angry and forced some Hispanic workers to leave after no one agreed to translate for him during a safety meeting. Dangerfield said the manager had a reputation for treating white workers well, but was “hard on everybody else.”

MHS in a statement called the dispute that led to the walk off a matter of “confusion.”

The parcel delivery giant is taking important steps to improve its productivity.

After years of underperforming its key rival, FedEx Corporation, United Parcel Service stock is managing to eke out an outperformance, and it’s also slightly positive in 2018 as I write. What’s more, most of the move took place after the recent second-quarter results. Clearly, UPS is doing something right. Let’s take a look at what that is and why it might prove to be a catalyst for future stock improvement.

A Brooklyn mechanic shop owner says UPS has offered to compensate him for two packages that were tossed into a dumpster by a deliveryman.

In an exclusive interview, Eric Nocera told CBS2’s Marc Liverman a couple weeks ago, he ordered a set of $1,000 headlights for a car he was repairing.

He later noticed a note saying two packages had been placed into his dumpster. When he looked inside, there was nothing there. So he checked his surveillance cameras.

“He looks around, sees that I’m closed,” Nocera said. “He puts them on the ground, looks around. I see him scan the two packages, and he opens the dumpster.”