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UPS exploring same day delivery – Fox Business

The idea comes as the acceleration of e-commerce has pushed retailers to add more options

United Parcel Service Inc. is exploring a same-day option, a delivery model that has been employed by gig-economy players, as the pandemic has accelerated the shift to e-commerce.

“We don’t have a same-day product today, so we’re looking at it,” Chief Executive Carol Tomé said in response to a question on an investor-day webcast Wednesday. “We don’t have this all the way figured out, but we’ve got a team of people looking at it.”

She said the company is testing the concept and didn’t offer other details. A UPS spokesman said the company doesn’t comment on its pilot programs. The idea comes as the acceleration of e-commerce has pushed retailers to add more curbside and same-day delivery options.

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UPS Targets 50% Cut in CO2 Emissions per Package for Global Small-Package Ops – Marketwatch

United Parcel Service Inc. said it is targeting a 50% reduction in carbon-dioxide emissions per package delivered in 2035 compared with last year for its global small-package operations.

The delivery giant laid out the interim sustainability targets ahead of its investor-and-analyst conference that is set to begin at 9 a.m. ET on Wednesday.

The company also said it is setting a 2035 target for all its facilities to be powered by renewable energy and for 30% of the fuel used in its global air fleet to be sustainable aviation fuel.

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UPS “better” may be just as hard as “bigger” – Reuters

United Parcel Service had a good pandemic as business boomed in everything from online shopping to vaccine delivery. Its shares soared 90% in the year to Tuesday, with the company reaching a $183 billion market value. Wednesday’s investor day, in which Chief Executive Carol Tomé presented the company’s “Better, not Bigger” strategic framework, didn’t go over so well. Investors sent the stock down 5% by mid-afternoon.

UPS is going to concentrate on more lucrative packages such as those sent by small businesses and healthcare companies. The goal is to ensure deliveries are on time and to increase returns on invested capital from 22% in 2020 to as high as 29% in 2023..

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UPS shares fall as investors fret over post-pandemic growth plan – Reuters

United Parcel Service Inc shares fell as much as 6% on Wednesday as the company known for delivering everything from Amazon.com packages to coronavirus vaccines forecast disappointing post-pandemic U.S. margins.

UPS shares have nearly doubled over the last year – fueled by surging pandemic-related shipments of everything from food and furniture to medical masks and vaccines.

They pared losses to trade down 4.6% at $200.19 on Wednesday afternoon after falling as low as $197. That came as analysts pressed executives on how UPS will maintain momentum as demand moderates, pandemic surcharges roll off, and competitors – including its No. 1 customer, Amazon.com Inc – rise.

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UPS Driver Attacked In San Francisco Describes Vicious Robbery Attempt In Exclusive Interview – CBS SF Local

A UPS driver was just doing his job when a thief swiped a package from his car, and then beat him in the middle of a San Francisco street.

The victim opened up exclusively for the first time to KPIX 5’s Betty Yu.

“They start to hit me in my face, and they hitting me in my teeth, I lost two teeth here,” said Minh, describing the attack. “They hit in my back, and I fell down, and the wheel in the front they run over my feet.”

KPIX 5 obtained the viral video with permission from the driver who shot it on Thursday near Gough and Market streets around 2 p.m. It shows Minh trying to defend himself in the attack. The suspect beats him in the middle of the street before running off.