- UPS expects to induct 1.75 million returns into its system every day this week, which would represent the highest weekly total of returns in the carrier’s history, a spokesperson said via email.
- The expected 8.75 million returns this week is a 23% increase over the highest week of returns for the 2019-2020 holiday season.
- The carrier’s single-day record is 1.9 million returns — set Jan. 2, 2020.
Miguel Cabezola, a driver for United Parcel Service Inc in Tucson, Arizona, complained on March 27 to U.S. workplace safety regulators, alleging the company was taking a lax approach to social distancing, sanitizing equipment and quarantining workers with COVID-19 symptoms. He hoped for an inspection of the facility that would force changes to protect worker safety.
Instead, the state arm of the U.S. Occupational Safety and Health Administration (OSHA) summarized Cabezola’s concerns in an email to company management, reviewed the UPS response and closed the file.
Over the next two months, a COVID-19 outbreak infected more than 40 Tucson UPS workers – including a manager who eventually died – and caused delivery delays throughout southern Arizona, according to interviews with six Tucson UPS workers and local union officials of the International Brotherhood of Teamsters.
A UPS driver who went on a racist rant while delivering a package to a Latino household in Milwaukee several days before Christmas Day has been terminated, a company spokesperson told NBC News on Tuesday.
Footage caught by the home’s video doorbell camera on the evening of Dec. 17 shows a white man wearing a UPS uniform, standing on a porch while holding a package and writing what appears to be a “failed to deliver” notice.
“Now you don’t get f—— nothing…You can’t read and write and speak the f—— English language,” the UPS driver is seen saying as he pastes the notice in the home’s door. A young Latino police officer lives in the house.
Find out how the new UPS Smart Hub facility is capable of processing 104,000 packages per hour with the latest automation technology.
On the outskirts of Atlanta, Georgia, UPS is building an industry-leading Smart Hub capable of handling 104,000 packages per hour. It’s a game-changing facility, loaded with the kind of technology and capabilities that can affect how the entire shipping industry operates. And what is driving the need for this massive build-out? The rapid and ongoing rise of digital demand.
“The growth of digital demand in shipping and e-commerce has given us a variation in package mix, package size, delivery demands, and customer expectations that did not exist just a few years ago,” said Joel Stenson, Vice President of Corporate Plant Engineering at UPS. “It tells us that the market is changing, and we are changing right along with it.”
UPS: The Path To $300 – Seeking Alpha
- After 7 years of stagnation, the recent bounce in UPS is the start of structurally higher Free Cash Flow and not simply a Covid bounce.
- A new CEO, pricing and Capex discipline at both UPS and FedEx, and Covid demand pull-forward are a trifecta of positive catalysts that did not exist one year ago.
- Despite these positive catalysts neither sell-side estimates nor the stock’s valuation are pricing in nearly enough improvement in Operating Margin or Free Cash Flow.
- Looking forward UPS has the potential to generate over $11 billion of Free Cash Flow by 2023 implying UPS shares are headed to $300 in the next 1-2 years.