UPS, Teamsters and the matter of unintended consequences

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Sean O’Brien vowed to bring the belligerence during contract talks with UPS Inc. The Teamsters...

https://www.freightwaves.com/news/ups-teamsters-and-the-matter-of-unintended-consequences

UPS, Teamsters expected to ink deal no later than June 30

A leading parcel industry consultant said Tuesday that he expects a contract agreement between UPS Inc. and the Teamsters union to be reached no later than June 30.

The comments from Satish Jindel, president of Ship Matrix Inc., are the first from any consultant to go as far as forecasting a time frame for averting what could be a potentially devastating walkout by 350,000 UPS-employed Teamsters. Jindel has also gone on record as saying there is no chance there will be a strike.

In a follow-up...

https://www.freightwaves.com/news/ups-teamsters-expected-to-ink-deal-no-later-than-june-30

UPS finds way to steer through treacherous Q4 waters

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UPS Inc. navigated through a turbulent fourth quarter in decent fashion, posting revenues on Tuesday...

https://www.freightwaves.com/news/ups-finds-way-to-steer-through-treacherous-q4-waters

The Log Book: St. Christopher reaches $4M milestone of giving

The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: St. Christopher reaches a giving milestone and kicks off its Round Up Campaign with TA, the BTA announces a new board chairman and UPS holds its first Impact Summit.

St. Christopher reaches $4M milestone, continues partnership with TA

Non-profit organization St. Christopher Truckers Relief Fund (SCF) announced it has reached a milestone — spending over $4 million in relief to truck...

https://www.freightwaves.com/news/the-log-book-st-christopher-reaches-4m-milestone-of-giving

UPS se adapta a un entorno macroeconómico cambiante

Brown truck with the UPS logo sit at a loading dock

La transformación de UPS Inc. durante dos años, resumida por su consejera delegada, Carol B. Tomé, en su ya familiar mantra de “mejor, no más grande”, se ha desarrollado en un entorno de volúmenes en constante aumento. El mantra no ha cambiado, pero el entorno sí. 

El gigante del transporte y la logística (NYSE: UPS), con sede en Atlanta, publicó el martes los resultados del primer trimestre, que ofrecen una visión de la capacidad de la empresa para gestionar a través de una perspectiva...

https://www.freightwaves.com/news/ups-se-adapta-a-un-entorno-macroeconomico-cambiante

UPS adjusts to a changed macroenvironment

The two-year transformation of UPS Inc., summarized by CEO Carol B. Tomé in her now-familiar mantra of “better, not bigger,” has played out amid an environment of steadily rising volumes. The mantra hasn’t changed, but the environment has.

The Atlanta-based transportation and logistics giant (NYSE: UPS) posted first-quarter results on Tuesday that offered insight into the company’s ability to manage through an uncertain macroeconomic outlook that led to the first period of weaker-than-expected...

https://www.freightwaves.com/news/ups-adjusts-to-a-changed-macroenvironment

UPS fires on all cylinders in Q4 and 2021, sending shares soaring

The price of UPS Inc. shares rocketed at the start of Tuesday trading and never looked back after the company reported what may have been the strongest financial results in its 115-year history.

Near Tuesday’s market close, UPS (NYSE: UPS) shares rose nearly $29.50 a share to $231.64, a gain of nearly 14.6% on the session. Shares took off after the Atlanta-based company posted fourth-quarter results that left even analysts’ best-case estimates in the dust. UPS’ momentum is so strong that it...

https://www.freightwaves.com/news/ups-fires-on-all-cylinders-in-q4-2021-sending-shares-soaring

UPS planning shipment visibility push, CEO says

UPS Inc. is working on an initiative designed to provide end-to-end shipment visibility to all of its customers, CEO Carol Tomé said Tuesday.

The initiative, code-named Project Evolve, will give UPS (NYSE: UPS) customers digital insight into the whereabouts of their shipments from the origin manufacturer to the end customer, whether it be a business or consumer, Tomé (pictured) said during an interview that coincided with an annual one-day event held by the U.S. Chamber of Commerce to discuss...

https://www.freightwaves.com/news/ups-planning-shipment-visibility-push-ceo-says

US inventories to rise 10-15% in coming years: Prologis CEO

Prologis facility

In April 2020, at the start of the COVID-19 pandemic, logistics warehouse giant Prologis Inc. estimated U.S. inventories would increase by 5% to 10% in coming years as businesses built up buffer stock near their end markets to avoid potential supply chain disruptions.

That estimate has been raised. Speaking Wednesday at a Prologis (NYSE: PLD) global supply chain event in San Francisco, CEO Hamid R. Moghadam said U.S. inventory levels will increase by 10% to 15%. Prologis, which is the world’s...

https://www.freightwaves.com/news/us-inventories-to-rise-10-15-in-coming-years-prologis-ceo

UPS piloting single-vehicle delivery consolidation initiative for retailers-CEO

UPS Inc. is piloting an initiative to consolidate orders from multiple retailers into a single package car for delivery to consignees, CEO Carol B. Tomé said Tuesday.

On an analysts call to discuss UPS’ (NYSE:UPS) third-quarter results, Tomé said multiple pilots are underway with an unidentified partner to “see if we can move upstream” and aggregate packages at the front end of the delivery chain. She didn’t offer any details other than to say that UPS (NYSE:UPS) should have more information...

https://www.freightwaves.com/news/ups-piloting-single-vehicle-delivery-consolidation-initiative-for-retailers-ceo

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