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Who delivers Amazon orders? Increasingly, it’s plainclothes contractors with few labor protections, driving their own cars, competing for shifts on the company’s own Uber-like platform. Though it’s deployed in dozens of cities and associated with one of the world’s biggest companies, government agencies and customers alike are nearly oblivious to the program’s existence.
UPS today announced its board of directors has adopted amended bylaws that incorporate current best practices and changes in Delaware law, including proxy access, which allows eligible shareowners to include their own director nominees in the company’s proxy materials.
The board adopted proxy access as part of its ongoing commitment to strong corporate governance practices, following thoughtful discussions with shareowners through the Company’s long-standing outreach program. “We engaged with our shareowners and carefully considered their feedback on this important issue,” said David Abney, UPS Chairman and Chief Executive Officer.
The tightest U.S. labor market this century is putting pressure on margins for freight haulers and warehouse operators as they bid for hundreds of thousands of workers to move packages during the peak holiday period.
The tightest U.S. labor market this century is putting pressure on margins for freight haulers and warehouse operators as they bid for hundreds of thousands of workers to move packages during the peak holiday period.
UPS is using messaging app Snapchat (SNAP.N) to find workers in competitive markets like Portland, Oregon, and Chicago, UPS global recruitment strategies director Paul Tanguay said.
UPS is also seeking 2,700 rural drivers to deliver packages using their own cars, expanding a 2016 pilot program, Tanguay said.
Analyst Matt Reustle and his team write that the market is overlooking growing global trade, and the positive impact it will have on air freight and logistics companies, especially FedEx and UPS. While Reustle acknowledges that Amazon is a threat, and margins are a concern, he thinks investors are overly focused on these worries, and not realizing how great a factor the acceleration of international shipping will be.
Just in time for the holiday season, UPS (NYSE: UPS) and Shopify Inc. (NYSE: SHOP) (TSX: SHOP), are unveiling a platform integration that make UPS’s premium services available to small businesses. Shopify’s hundreds of thousands of small U.S. businesses will now receive competitive, pre-negotiated domestic and international rates that save on list prices, along with a streamlined shipping and fulfillment solution.