Categories
UPS News

TFI hints at closer UPS ties beyond their $800M deal – Freight Waves

The CEO of TFI International (NYSE:TFII) hinted on Wednesday that the Canadian trucking and logistics company may be pursuing closer ties with UPS (NYSE:UPS) beyond the $800 million acquisition of its less-than-truckload division, UPS Freight.

“Don’t forget this discussion that we’re having with our friends in Atlanta,” Alain Bedard told financial analysts. “I think it may be way more than a transaction that we should be closing on soon.”

Bedard made the remarks after TFI posted its first-quarter financial results on Tuesday. Without naming UPS directly, he appeared to suggest that one area of potential collaboration could be with TFI’s Canada-based package and courier business, which includes parcel carrier Canpar.

Categories
UPS News

Teamsters irate after 10 UPS workers in Queens are abruptly fired for refusing overtime – AMNY

A labor dispute has erupted at a UPS facility in Queens after 10 part-time employees were unceremoniously canned while trying to get to second jobs and/or due to responsibilities at home, something, the corporation said, created some kinks in the system.

Vinny Perrone, president of Teamsters Local 804, told amNewYork Metro that arbitration is in works especially if the 10 workers – two of whom are pregnant – are not reinstated with backpay to make up for the hours lost since April 13.

According to UPS, terminations were made when employees left the facility at 136-40 Springfield Blvd. without first running it by managers despite their shifts ending.

Categories
UPS News

Cramer: What Leaders Can Learn From UPS CEO Carol Tome – The Street

Jim Cramer has been focused on earnings season and he’s taking a close look at UPS.

“What defines a winner in this earnings season? Let’s take United Parcel (UPS) , with a stock that vaulted 19 points on the strength of what looked like an amazing quarter, but that’s not what drove the stock higher at all. Yes, the gross margins were amazing and the pricing per package was unbelievably good, but what you needed to know about UPS is that the CEO, Carol Tome, has repeatedly been dismissed as someone who couldn’t tame the beast, the unwieldy package delivery company. That’s even despite that she had been on the board since 2003 and had seen what had gone wrong, even as she was the dominant CFO of her time, when she ran the finances of Home Depot (HD),” wrote Jim Cramer in his Real Money column Tuesday night.

Categories
UPS News

UPS to boost weekend ground deliveries – Freight Waves

UPS Inc. (NYSE:UPS) said Tuesday that it plans to expand its weekend ground residential delivery operations, a strategy designed to build greater traffic density across its daily delivery network and to close the weekend delivery gap with archrival FedEx Corp. (NYSE:FDX).

UPS CEO Carol Tomé told analysts following the release of the company’s first-quarter results that by October it will reach 90% of the U.S. population with its Saturday ground deliveries to residences. Currently, that number stands at a little higher than 75%.

In addition, UPS will expand its Sunday delivery network through its existing alliance with the U.S. Postal Service, Tomé said, without providing details. UPS’ ground residential network is virtually invisible on Sundays, although the Postal Service delivers some Sunday volume for UPS through the SurePost alliance between the two entities.

Categories
UPS News

Beshear visits UPS air hub to highlight Kentucky’s role in distributing vaccines – WTVQ

Gov. Andy Beshear visited the main UPS global air hub Tuesday in Louisville to highlight the role Kentuckians are playing in distributing coronavirus vaccines throughout the nation to save lives and end the pandemic.

The governor, joined by leaders at UPS including David Quintilion, senior vice president of UPS Healthcare, visited Worldport Core, where millions of packages are sorted on the way to their final destinations, the freight facility and the Healthcare Command Center, where they track and monitor vaccine shipments, including the temperature and location.

UPS has played a key role in delivering all three approved COVID-19 vaccines: Pfizer, Moderna and Johnson & Johnson.

The company has demonstrated a near-perfect track record of on-time delivery of vaccines across the country and around the world, even in spite of inclement weather that affected large portions of the United States.