BrownCafe
The US patent office today revealed a United Parcel Service (UPS) patent application for a computerized item exchange “locker bank” that accepts numerous forms of payment including Bitcoin.
According to the application, UPS intends to build a storefront full of lockers for people to purchase items from without interacting with salespeople. It’s not explicitly stated in the document, but we’re pretty sure UPS just doesn’t want you to get stabbed to death trying to sell your Xbox
Getting more of its major retailer customers to share data on their holiday shipping needs will prevent a repeat of last year’s parcel delivery bottleneck, United Parcel Service Inc’s Chief Executive told Reuters.
The world’s largest package delivery company delivered a record 762 million packages, exceeding forecasts, during the peak U.S. holiday shopping season which runs from around the Thanksgiving Day holiday in late November through to Christmas in late December.
But around “Cyber Monday”, the first Monday after the annual Thursday Thanksgiving holiday in late November, those extra packages also exceeded its ability to handle them, adding about $125 million in fourth-quarter operating costs, UPS CEO David Abney said.
Aircraft to Support Rapid Growth in U.S. and International Air Shipments
UPS (NYSE:UPS) today announced it has ordered 14 Boeing 747-8 cargo jets and four new Boeing 767 aircraft to provide additional capacity in response to accelerating demand for the company’s air services. All of the new aircraft will be added to the existing fleet and no existing aircraft are being replaced.
The aircraft will be delivered on an expedited schedule, building on the company’s 2016 order of 14 Boeing 747-8 freighters. All 32 of the jets will be delivered by the end of 2022, adding more than 9 million pounds of cargo capacity. UPS’s global airline network includes more than 500 owned and leased aircraft. UPS received three new 747-8 freighters in 2017.
UPS today announced more than $12 billion in investments to expand the company’s Smart Logistics Network, significantly increase pension funding, and position the company to further enhance shareowner value.
“This $12 billion investment program is an outgrowth of the opportunity for tax savings created by the Tax and Jobs Act,” said David Abney, UPS Chairman and Chief Executive Officer. “We will increase network investments and accelerate pension funding to strengthen the company for the long term, so that we maximize the benefit to our global customers, employees and shareowners.”
“Through our current and future actions, we will enhance UPS’s position as the leading logistics provider by expanding capacity and technology investments to help customers meet their needs for dependable, day- and time-definite service with enhanced visibility and flexibility,” Abney said.
Announces Positive 2018 Outlook