BrownCafe
Touting an incentive-laden deal to keep UPS in New Jersey — and bring it to Parsippany — as ” a clear sign of where New Jersey is headed,” Gov. Chris Christie attended the groundbreaking of the company’s new 200,000-square-foot technology center.
“We have recovered from the long recession,” Christie said. “We have put more of our people back to work than anytime before. And that’s not government doing it. That’s private-sector companies like UPS.”
The market is worried about the threat to the package delivery firms coming from online retailers expanding their cargo networks.
First it was Amazon.com) drones that were set to destroy the businesses of FedEx Corporation and United Parcel Service, Inc. Now it’s the online retailer’s expansion of its air-cargo network. It all sounds dramatic, but in reality Amazon’s moves don’t present a significant threat to the two mega-logistics players. Here are five reasons why.
UPS today announced construction of a new global technology development center in Parsippany, NJ. The facility will serve as a new location for software developers, designers and other technology professionals – previously based in Paramus, NJ – to collaborate and develop innovative technology solutions that serve our customers, improve operational efficiencies, drive growth and run UPS’s global network.
UPSers at this new location are part of the company’s global team that conceived, designed and developed industry-leading technologies that UPS customers use every day like UPS My Choice®, UPS CampusShip®, UPS WorldShip®, UPS® Tracking and other visibility tools. This specific group also supported the development of UPS® Package Flow Technologies, the company’s suite of solutions that has streamlined UPS’s scanning, automated sorting, driver dispatching and load-assist processes throughout its integrated delivery network.
United Parcel Service Inc.’s health care facilities in Louisville don’t ship packages — they ship patients.
OK, not really. But that’s how the workers there are told to think of the boxes full of medical devices and special drugs that UPS ships all over the world every day from its 1.4 million-square-foot UPS Healthcare facilities at Louisville International Airport.
Parcel delivery giant is working on a steady delivery route to investor peace of mind.
If good things come in small packages, the folks at United Parcel Service will want to consider whether a bad thing will come its way in a very, very large package. The delivery date is uncertain, but the irony here is that it could arrive by way of its largest customer.
That would be Amazon.com, which accounted for more than 6 percent of UPS business in 2015, according to Jon Budish, investment strategist in residence at Fairleigh Dickinson University’s Silberman College of Business.