UPS domestic revenue slips as customers trade down to economy service

UPS’ domestic parcel volumes returned to growth in the second quarter for the first time since late 2021, but the company’s stock was down 13% late Tuesday as revenue and operating profit fell below analysts’ predictions and the parcel logistics company tightened full-year guidance.

UPS now projects 2024 revenue of $93 billion versus a previous forecast of up to $94.5 billion and capital expenditures of $4 billion, $500 million less than before.

It’s been a busy few weeks for UPS (NYSE: UPS). The...

https://www.freightwaves.com/news/ups-domestic-revenue-slips-as-customers-trade-down-to-economy-service

Technology: Risk or savior?

Bart

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

We live in a world where technology takes a much larger role than ever before. But this also brings certain risks. We’ve seen the cyberattacks in the past year that impacted the logistics industry. On Friday, CrowdStrike’s update-related outage affected Microsoft systems worldwide, which brought flights and other modes of transportation to a...

https://www.freightwaves.com/news/technology-risk-or-savior

FreightTech Friday: Alvys raises $20.5M to accelerate tech development

Logistics software provider Alvys announced Monday it has closed its Series A with $20.5 million in funding led by Titanium Ventures, with participation from Picus Capital and existing investors RTP and Bonfire. The company is looking to continue to develop its current offerings and support customer growth. Alvys has raised about $30 million to date.

Nick Darman, founder and CEO, told FreightWaves in an email Alvys is prioritizing its development in less-than-truckload and cross-border...

https://www.freightwaves.com/news/freighttech-friday-alvys-raises-20-5m-to-accelerate-tech-development

DHL Express outsources 777 operations to Chinese airline

DHL Express will hand Central Airlines a pair of Boeing 777 freighter aircraft to operate on its behalf on routes from China. This will be the first time the global logistics integrator has partnered with a domestic Chinese airline to support its air cargo network. 

DHL’s deployment of cargo jets to Central Airlines provides extra capacity for Chinese companies to reach global markets, especially e-commerce platforms that are heavily booking commercial aircraft to fulfill cross-border consumer...

https://www.freightwaves.com/news/dhl-express-outsources-777-operations-to-chinese-airline

FreightTech Friday: p44 offers eBOLs for all LTL shipments

Visibility provider project44 announced it has implemented automatic electronic bills of lading for all of its less-than-truckload pickup requests as the LTL industry looks to expedite industry adoption of the National Motor Freight Traffic Association’s (NMFTA’s) eBOL standards.

“We are proud to contribute and continue to lead LTL API innovation, which includes eBOL,” Jett McCandless, founder and chief executive officer, told FreightWaves in an email. “We are thankful for the many carriers,...

https://www.freightwaves.com/news/freighttech-friday-p44-offers-ebols-for-all-ltl-shipments

Outpost taps modern tech for parking visibility

Parking and storage provider Outpost, formerly known as Semi-Stow, announced Thursday it is launching a new technology solution to provide its customers and truck yards with visibility into assets at the company’s current 21 truck yards.

Using both company hardware and software, customers can now leverage computer vision technology, on-demand video and Internet-of-Things devices to keep track of parked assets and provide a more efficient check-in and check-out system. It allows for flexible...

https://www.freightwaves.com/news/outpost-taps-modern-tech-for-parking-visibility

FreightTech Friday: Japan’s proposed conveyor-belt highway

In a recent meeting of Japan’s Ministry of Land, Infrastructure, Transport and Tourism, the group unveiled plans to combat its transportation and logistics sector labor shortages with construction of an automated conveyor-belt highway running over 310 miles across central Japan.

Known as the Autoflow-Road proposal, the ministry showcased its blueprint for building both aboveground and underground conveyor-belt roads running between Tokyo and Osaka 24 hours a day. According to the ministry, it...

https://www.freightwaves.com/news/freighttech-friday-japans-proposed-conveyor-belt-highway

Samsara’s product strategy: Innovation through partnership

At Samsara’s annual customer event, the telematics solutions provider showcased its commitment to driving technological innovation in operations and transportation through close partnerships with its users.

With over 2,000 attendees, Samsara Beyond highlighted the company’s focus on developing practical solutions to real-world challenges faced by fleet operators, drivers and workers across industries.

In an interview with FreightWaves, Samsara’s chief product officer, Kiren Sekar, emphasized...

https://www.freightwaves.com/news/samsaras-product-strategy-innovation-through-partnership

Florida man arrested on charges of shooting Walmart delivery drone

A 72-year-old Clermont, Florida, man faces multiple charges, including a felony charge, after authorities say he shot a Walmart delivery drone that he said was flying over his house.

Dennis Winn’s mugshot was posted to Facebook by the Lake County Sheriff’s Office on Thursday. (Photo: Lake County Sheriff’s Office)

According to an arrest affidavit, Lake County Sheriff’s Office deputies arrived at Clermont’s Walmart store Wednesday in response to a drone being shot while flying on delivery.

Represen...

https://www.freightwaves.com/news/florida-man-arrested-on-charges-of-shooting-walmart-delivery-drone

Samsara releases Asset Tag at Beyond

CHICAGO — Transportation and manufacturing solutions provider Samsara announced Thursday at its user conference Beyond a product designed to improve real-time visibility of industry equipment and tooling.

Samsara’s Asset Tag. (Photo: Samsara)

Asset Tag utilizes low-energy Bluetooth capabilities to help prevent loss or theft of products during shipping. It enables drivers to share asset locations in case of a breakdown or service disruption and shares recorded shipment data with carriers to...

https://www.freightwaves.com/news/samsara-releases-asset-tag-at-beyond

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