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UPS News

UPS move pressures retailers – Fox Business

Retailers are contending with a new challenge as this year’s holiday shopping season heats up: extra shipping fees during the busiest weeks.

United Parcel Service for the first time is tacking on a surcharge on packages shipped to homes around Black Friday and the week before Christmas, hoping to convince companies to send their orders outside those peak periods — or to make more money from ones that must be delivered then.

The surcharge has prompted e-commerce retailers large and small to consider other delivery options, such as FedEx or the U.S. Postal Service, passing the additional costs to their customers, or delaying shipments to cheaper times.

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UPS News

UPS Acquires Pharmacy License As Amazon Move Looms – Investors Business Daily

United Parcel Service (UPS) acquired a pharmacy license in Georgia in a move that could broaden its business into not only shipping but relabeling drugs, CNBC reported.

UPS confirmed the move, saying the license is tied to “new and potential business engagements” handled out of its Duluth, Ga., facility.

It’s not clear how strategically significant the move might be for UPS at a time when the company faces uncertainty as Amazon.com (AMZN), a major customer, tests its own final-mile delivery service, which could be a negative both for shipping rates and volume.

 

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UPS News

UPS makes curious move involving prescription drug business with new license – CNBC

  • UPS has acquired a manufacturing pharmacy license in Georgia, enabling the shipper to relabel drugs.
  • UPS confirmed to CNBC it obtained the license “to provide services related to new and potential business engagements.”
  • This does not appear to be UPS disrupting business from drug distributors like McKesson, but rather potentially providing a service for drug companies.
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UPS News

Amici Curiae Come to UPS’s Aid in Appeals over Cigarette Deliveries – Lexology

In the cross-appeals of a $246,975,614 judgment won by New York State and New York City, amici curiae have filed briefs in support of the United Parcel Service, Inc., (“UPS”). The case is New York v. UPS, Nos. 17-1993, -2107, -2111 (2d Cir.).

The amici curiae have focused on the judgment amount and several aspects of the underlying liability determinations. As might have been expected, the most salient issue raised involves the constitutional implications of the lower court’s overwhelming award of penalties – which accounted for just under 95% of the State’s award and more than 99% of the City’s.

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UPS Press Release

UPS Dramatically Increases Use Of Renewable Natural Gas

UPS Agreement for 10 Million Gallon Equivalents a Year with Big Ox Energy is its Largest Commitment to Date

UPS (NYSE: UPS) today announced an agreement with Big Ox Energy (a wholly owned subsidiary of Environmental Energy Capital LLC) to purchase 10 million gallon equivalents of renewable natural gas (RNG) per year. This is the largest investment in RNG to date for the company, and the agreement runs through 2024. Use of RNG yields up to a 90% reduction in lifecycle greenhouse gas emissions when compared to conventional diesel.