NYSE: UPS

More layoffs hit freight-related companies across US

Layoffs continue across the freight and logistics industry, with companies announcing 1,277 job reductions and six distribution facility closures across the country.

It is the second major round of layoffs in the industry since last week, when True Value Co., GXO, CJ Logistics America, DHL, PepsiCo, Reyes Coca-Cola Bottling LLC, Hunt & Sons LLC, Kuehne+Nagel, Americold Logistics, Amazon and Trademango Solutions announced they were eliminating 2,402 jobs.

UPS

Shipping giant UPS plans to temporarily...

https://www.freightwaves.com/news/more-layoffs-hit-freight-related-companies-across-us

UPS acquires pair of health care logistics operators

UPS has announced plans to acquire two Germany-based temperature-controlled logistics providers to augment its growing health care logistics business.

The agreement includes Frigo-Trans and its sister company BPL, both of which operate under the Frigo-Trans banner. The Frigo-Trans network provides six temperature-controlled warehouse zones, ranging from minus 196 degrees to 25 degrees Celsius.

Financial terms of the transaction were not provided “at this time,” a Tuesday news release said. The...

https://www.freightwaves.com/news/ups-acquires-pair-of-health-care-logistics-operators

Brian Dykes named UPS chief financial officer

UPS announced the appointment of Brian Dykes as executive vice president and chief financial officer on Tuesday.

Dykes will begin his new role immediately, according to a news release from the Atlanta-headquartered company. He will also lead UPS’ global finance organization, which includes planning, treasury, tax, financial reporting, financial operations and investor relations.

Dykes, 46, has spent over 25 years at UPS. He most recently served as senior vice president for global finance and...

https://www.freightwaves.com/news/brian-dykes-named-ups-chief-financial-officer

Shein and Forever 21 first to use UPS’ Happy Returns cross-brand solution

Happy Returns, a UPS company, has launched its buy-online, return-in-store (BORIS) solution for retailers to develop reverse logistics networks with physical brand locations to improve consumer experience.

Happy Returns also announced Tuesday that e-commerce giant Shein and retailer Forever 21 will be the first cross-brand partnership to use the BORIS product.

According to the company, the system integrates with any return and point-of-sales solutions, enabling brands to use either Happy Returns’...

https://www.freightwaves.com/news/shein-and-forever-21-first-to-use-ups-happy-returns-cross-brand-solution

DOT confirms boost in West Coast container imports

WASHINGTON — The Biden administration announced on Wednesday it is gaining ground on its ability to help importers and container vessel operators navigate shifts in freight flows with new information it is publishing from inland rail terminals and warehouses.

The increase in timely ocean container import data being supplied by private industry into the U.S. Department of Transportation’s Freight Logistics Optimizations Works (FLOW) initiative confirms what has been predicted since earlier in the...

https://www.freightwaves.com/news/dot-confirms-boost-in-west-coast-container-imports

At C.H. Robinson, it’s been a long, difficult trip

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On Jan. 3, 2023, the transportation world awoke to the news that Bob Biesterfeld, president and CEO...

https://www.freightwaves.com/news/at-c-h-robinson-its-been-a-long-difficult-trip

FedEx announces holiday shipping deadlines

FedEx Corp. (NYSE: FDX) disclosed on Tuesday its holiday shipping deadlines for domestic packages that need to arrive on or before Christmas Eve, which this year falls on Sunday.

Customers using FedEx Ground, the company’s U.S. ground delivery business, will need to ship by Dec. 20 if they choose two-day shipping, the company said. Customers using FedEx Home Delivery, the company’s residential delivery operation, will need to ship by Dec. 21 for two-day shipping. Parcels tendered to FedEx Ground...

https://www.freightwaves.com/news/fedex-announces-holiday-shipping-deadlines

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