Categories
UPS Press Release

UPS Announces CFO Succession Plan

Richard Peretz to Retire and Brian Newman Appointed CFO

UPS (NYSE:UPS) today announced Richard Peretz, UPS Chief Financial Officer, 57 plans to retire. Brian Newman, 50 currently Executive Vice President, Finance and Operations, Latin America for PepsiCo, is appointed UPS Chief Financial Officer, effective September 16, 2019. Newman will join the UPS Management Committee, the senior-most leadership team responsible for management of the company. Peretz will remain with the company through December 2019 to assist Newman to ensure a smooth transition period.

Newman is a proven senior corporate leader with extensive finance, operations, corporate strategy and information technology experience. He served in positions of increasing responsibility at PepsiCo over 26 years and has worked in Asia, Europe, Russia and the U.S. in various corporate, regional and sector assignments. He began his career in investment banking prior to joining PepsiCo. In his current role, Newman has leadership responsibility for all finance and operations activity across the Latin America region.

Categories
UPS News

Tech companies ignore pleas on rail safety – Politico

The National Transportation Safety Board asked Google, Apple and Microsoft in 2016 to add railroad crossings to their navigation apps. But they haven’t.

The United Parcel Service is also on the NTSB’s list of companies that haven’t responded, but a UPS spokesperson told POLITICO that the company’s proprietary navigation system for its drivers includes railroad crossings. A representative of the U.S. group behind the collaborative mapping platform OpenStreetMap also said its system includes crossing data, though not from the FRA’s comprehensive set.

Categories
UPS News

UPS did not need to create a new position as an accommodation, court says – HR Dive

Dive Brief:

  • UPS did not violate the Americans with Disabilities Act (ADA) when it refused to provide accommodations requested by a worker returning from surgery and then terminated him; the worker was not a “qualified individual” under the law, the 5th U.S. Circuit Court of Appeals ruled (Gonzalez v. United Parcel Service, No. 18-50903 (5th Cir. July 31, 2019)).
  • After the surgery, the employee had numerous restrictions, as concluded by his doctor: He was incapable of continuous repetitive upper-body movements and could not work for longer than four hours. He also had impaired decision-making and concentration abilities. The employee requested a part-time position and an ergonomic work station. UPS could provide an ergonomic work station but did not have any part-time jobs available; the employee would have been disqualified from part-time work at UPS in any event due to his diminished cognitive abilities, the court said.
Categories
Industry News

U.S. Postal Service takes another billion-dollar hit – Freightwaves

The U.S. Postal Service (USPS) reported on August 9 a net loss of nearly $2.3 billion in its fiscal 2019 third quarter, an increase of $767 million from the same period in 2018 – and up from a $2.1 billion loss in the previous quarter – as its first-class and marketing-mail revenue continue to pressure operations.

The service reported total revenue of $17.1 billion in the quarter (April 1 – June 30), down $16 million, or essentially flat, from the same quarter last year.

One of the few bright spots for the agency continues to be shipping and packages revenue, which increased by $250 million, or 4.8 percent, despite a volume decline of 47 million mail pieces, or 3.2 percent, compared to 2018. Shipping and packages also grew as a percentage of total revenue year-on-year, from 29 percent in 2018 to 32 percent in the current quarter.

Categories
Industry News

Amazon-FedEx Split Sets Battle Lines in E-Commerce Delivery Feud – TT News

FedEx Corp.’s retreat from handling packages for Amazon.com Inc. signals that the lines are being drawn in the battle over surging e-commerce shipments.

The end of two delivery contracts with Amazon means FedEx will have to make up for the lost sales by extending a push to serve other customers such as Walmart Inc. Amazon will have to rely more on United Parcel Service Inc. and the U.S. Postal Service as it seeks to fulfill a pledge for next-day delivery to top customers — and build out its own shipping network.

The decision “represents the continued ‘drawing of a line’ in the sand between FedEx and arrangements/partnerships that do not fit its network,” Ben Hartford, an analyst with Robert W. Baird, said in a note to clients Wednesday. “FedEx will work to optimize and protect its network, while strengthening relationships with more strategically important customers.”