Recent tensions between UPS and Amazon have created a semi-hostile relationship. UPS couldn’t handle the costs incurred from delivering Amazon’s packages. In response, they jacked up their prices and Amazon threw a fit. Amazon relies on relentless cost cutting to stay afloat with their razor thin margins. Bezos’ intention is to ruthlessly undercut any and all competitors. In response to UPS’ price hikes, Bezos decided to start taking deliveries into his own hands.
A former United Parcel Service driver who stole shipments of gold and silver found himself fitted with steel handcuffs Wednesday as he was sentenced to eight months in Shasta County Jail and placed on formal probation for three years.
Kevin Christopher Peel, who would face more than eight years in prison if he violates his probation, was remanded into jail custody Wednesday after pleading no-contest in November to six felony counts of grand theft and a related enhancement.
Revenue is rising and margins are expanding for the package delivery giant, but investors haven’t noticed.
Last week, FedEx finally got the official word that European regulators will not challenge its planned acquisition of Dutch rival TNT Express. While this news was expected, it is still a key milestone, as it removes the last major obstacle stopping the merger.
Acquiring TNT will make FedEx a much more viable competitor to DHL and United Parcel Service in Europe. Meanwhile, adding TNT’s roughly $7 billion in annual revenue will put FedEx nearly on par with UPS.
UPS My Choice® and UPS Access Point™ Network Integration Recognized for Digital Feat
UPS® (NYSE:UPS) today announced that it received a Digital Edge 25 award for its successful integration of two innovative technology-driven consumer services, UPS My Choice® and the UPS Access Point™ network. The Digital Edge 25 awards, presented by the AGENDA16 conference and produced by IDG Enterprise, honor companies that put digital innovation at the center of their business and continually strive to be on the “edge” of digital disruption.