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UPS News

UPS doubles its capacity with first direct flight between India and Europe – Stat Times

UPS announces its first direct flight from India to Europe where Boeing 747 flight will connect Delhi to its largest international hub at Cologne, Germany. The customers will also connect to the North and Latin American markets five days per week, which doubles the company’s previous capacity to and from India for small and medium-sized business customers looking to grow their revenue base.

“When business demand is increasing and volumes globally are being challenged, what you need is a smart logistics network that can respond to what customers are asking for, in an altered business environment. The agility to connect major economies to India via a direct flight for exports and imports is an example of UPS’s better, not bigger strategy and will provide reliability and expanded capacity to UPS’s customers,” said Rachid Fergati, managing director Middle East, Central Asia, and the Indian subcontinent for UPS.

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‘Tis the Season for Unwrapping Better Shipping Experiences – UPS Capital

New insights reveal how to stay on the nice list this holiday season

As online shopping continues to accelerate, the 2021 holiday shopping season is expected to break records with forecasts anticipating eCommerce sales to reach between $210 and $280 billion. As SMBs compete with larger retailers, they are recognizing the critical importance of delivering better shipping experiences for their customers.

To help SMBs capitalize on this upcoming holiday season, UPS Capital commissioned research on the current challenges and opportunities SMBs are experiencing with ecommerce. The study aimed to identify ecommerce pain points related to inflation and the COVID-19 resurgence, as well as the impact of ecommerce marketplaces and November deal days on SMB sales. It also looked at how service issues, including delayed and damage packages, impact their customers.

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UPS News

How Companies Like UPS Are Launching Holiday Hiring Blitzes – Wall Street Journal

As companies begin to staff up for the holiday season, they face one of the tightest labor markets in decades. To attract employees, some companies like UPS are offering sign-on bonuses and additional benefits as well as creative incentives.

 

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Supply Chain Woes and a Labor Shortage Are No Match for These 3 Value Stocks – The Motley Fool

The best in its business

Daniel Foelber (UPS): In September, FedEx (NYSE:FDX) missed big on earnings and lowered its fiscal year (FY) 2022 guidance due to labor market uncertainty and supply chain issues. In late October, UPS reported its best Q3 in company history and raised its full-year 2021 guidance and operating margin. Even more impressive, UPS is generating strong results and expects to finish the year spending just $4.2 billion in capital expenditures, which is significantly lower than in years past.

Given the similarities between FedEx and UPS, it may seem odd that one company is struggling while the other is thriving. However, a closer look shows that UPS was better prepared than FedEx in making sure it could deliver this holiday season.

For example, FedEx said it will struggle to hire 90,000 additional workers needed to satisfy peak demand but UPS thinks it will deliver record-high consolidated operating profit and expand margins in the fourth quarter. “On the labor front, we’ve digitized and simplified our job application process, enabling qualified applicants to receive a job offer within 30 minutes of applying. In parts of the country, labor costs are higher than they were last year, but we are effectively managing through that cost pressure,” said UPS CEO Carol Tomé on the company’s Q3 2021 earnings call.

UPS didn’t shy away from supply chain challenges, saying there are “capacity, congestion, and cost concerns.”

 

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UPS News

UPS to occupy 225,000-square-foot building on Glenwood Road – Yahoo

A new United Parcel Service facility will be the cornerstone of a nascent industrial park off Glenwood Road in Rossford for which development is starting to move, Rossford Mayor Neil MacKinnon announced Friday.

The mayor said he did not yet have details about how many jobs the 225,000-square-foot facility will generate, but that Scannell Properties, the Indianapolis-based developer of about 350 acres in that area, had confirmed UPS as the occupant of one of two buildings for which slab construction is planned this fall, followed by vertical structures next spring.

The second building’s potential occupants haven’t been identified yet — “they have interested parties, but they’re not sharing this information with us,” Mayor MacKinnon said.