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Industry News UPS News

Big UPS customer Amazon leases its own fleet of 767 cargo jets – Atlanta Business Chronicle

One of Atlanta-based United Parcel Service Inc.’s (NYSE: UPS) big retail customers – Amazon.com Inc. – will lease its own fleet of 767 cargo jets to move merchandise.

There has been a lot of talk that Amazon (Nasdaq: AMZN) might set up its own delivery service that would compete with UPS and FedEx.

Amazon says the new lease deal will compliment the company’s existing delivery network and ensure air cargo capacity to support one and two-day delivery for customers. Company officials also say the move is meant to reduce shipping costs.

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UPS News

Teamsters hint at strike, which UPS calls impossible – Atlanta Business Chronicle

After four years of contract negotiations, the tension between Teamsters Local 2727 and the United Parcel Service Inc. remain high. But a spokesperson UPS said, no matter what the union says, a strike is not imminent.

The teamsters group, which is based in Louisville and represent a workforce of approximately 1,300 employees, filed their second request Friday with the National Mediation Board (NMB) asking to be released from mediated contract negotiations with the Atlanta-based package delivery company. The teamsters want a new contract for their aircraft mechanics and related classifications but allege that “UPS has refused to bargain fairly or offer reasonable proposals to come to a fair agreement, causing growing unrest and instability within the maintenance workforce as the busy holiday shipping season nears.”

The mediation board declined the union’s request on Friday afternoon, according to UPS, meaning the two sides will continue to negotiate.

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UPS Press Release

The UPS Foundation And UPS Airlines Continue To Support Humanitarian Relief Needs

“Hurricanes Maria, Irma and Harvey, together with the earthquake in Mexico, have left behind an almost unprecedented need for humanitarian aid throughout the Carribbean and southeastern U.S.,” said Eduardo Martinez, president of The UPS Foundation and chief diversity and inclusion officer. “When the International Federation of the Red Cross called to request assistance to aid those in Cuba, we knew how important it was to answer that call. Likewise, we are delivering to those in need after the earthquake in Mexico, and now also assisting in Puerto Rico, as we work with our global relief partners on as many fronts as we can.”

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UPS Press Release

UPS To Hire About 95,000 For Holiday Season

  • Seasonal and part-time positions often an entry point to UPS careers
  • Up to 35% of those hired seasonally over the last three years have permanent jobs with the company

UPS (NYSE: UPS) announced today that it expects to hire about 95,000 seasonal employees to support the anticipated increase in package volume that will begin in November and continue through January 2018.

“Our seasonal jobs often lead to permanent employment and even careers for some,” said CEO David Abney. “We offer flexible shifts and full- and part-time positions. If you are a student, a working mom or just looking to make extra money for the holidays, we have a job for you.”

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Industry News

Cyber attack, hurricane weigh on FedEx quarterly profit – Reuters

Package delivery company FedEx Corp on Tuesday reported a lower-than-expected quarterly net profit due to service disruptions from a cyber attack on its Dutch unit, the impact of Hurricane Harvey and higher costs, and also lowered its full-year earnings forecast.

Shares of the company, often considered a bellwether for the U.S. economy as are those of rival United Parcel Service Inc, dipped more than 2 percent in after-hours trading.