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UPS News

Got $5,000? 3 Stocks to Hold for the Next 20 Years – Motley Fool

UPS

The package delivery giant is benefiting from surging e-commerce volumes and starting to convince investors that it can generate volume growth and margin expansion at the same time. That’s a great recipe for long-term earnings growth.

There are three reasons to feel optimistic about the stock in the near and long terms. First, UPS looks well on its way to hitting the 2023 targets laid out in its investor day presentation in June. For example, the key to its overall margin expansion plan is to increase U.S. domestic package margin to a range of 10.5% to 12% in 2023, but management is already forecasting 10.5% in 2021.

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UPS News

The Hoffa era is over, and the Teamsters are ready to fight – The Real News

The International Brotherhood of Teamsters just held a pivotal leadership election that will set a new course for one of the most storied unions in existence. The election officially marked the end of the Hoffa era—James P. Hoffa, son of Jimmy Hoffa, retired as Teamsters General President. In a major shift that will have significant ripple effects within the Teamsters and the labor movement writ large, members elected the Teamsters United reform slate headed by incoming president and Hoffa critic Sean O’Brien. As journalist Indigo Olivier wrote for Jacobin, “With 1.4 million members, the International Brotherhood of Teamsters (IBT) election results have implications not just for the massive upcoming United Parcel Service (UPS) contract, but for organizing Amazon and pushing labor-friendly legislation like the Protecting the Right to Organize (PRO) Act. The election marks the first time that a coalition backed by Teamsters for a Democratic Union, a rank-and-file reform caucus, will head the union since former IBT president Ron Carey was removed from office on false corruption charges in 1997.”

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UPS News

UPS adds Cologne-Tel Aviv flight – Aircargo News

UPS has added a new flight between Cologne and Tel Aviv as the company looks to expand its offering to businesses in Israel.

The company said that the new service will be operated by a B757 freighter and includes a connection in Larnaca, Cyprus, and a direct flight back to the German city from Tel Aviv.

UPS said the service will offer Israeli businesses direct access to the European market and quicker transit times to the US, their primary export market.

Cyprus, meanwhile, will offer connection to Europe, Asia and Africa and give the country and its growing pharma industry improved access to those regions.

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UPS News

UPS Workers Deliver Personal Items, Food To West Chester Food Cupboard – CBS Philadelphia

They used a 28 foot UPS trucks and package cars to deliver the supplies to the food bank.

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Industry News UPS News

Self-driving trucks from Google’s Waymo to deliver UPS freight from Dallas to Houston – Houston Chronicle

Autonomous driving company Waymo, owned by Google parent company Alphabet, will partner with UPS to conduct freight truck runs from a package facility in the Dallas area to one near Houston.

Waymo Via Trucking first came to Texas in early 2020 but was only able to begin testing its Class 8 Freight trucks that August due to disruptions caused by the COVID-19 pandemic. Since then, it has been testing its trucks, mapping the route along I-45 between Texas’ two largest cities and piloting hauls for J.B. Hunt.

Waymo officials said the routes will help alleviate delivery demands caused by holiday shopping and supply chain issues. Already, officials said, they’ve had success testing smaller vehicles in delivering goods along local routes in more urban areas.

The partnership comes less than two months after one of Waymo’s competitors, Aurora, announced it would partner with FedEx to haul freight from Dallas to Houston and back. FedEx trucks driven by Aurora’s technology are already testing along I-45, although a safety driver and co-pilot are in the truck’s cab each trip as the company prepares to launch driverless trucks along the route by late 2023.