UPS plans to temporarily close its Swan Island package facility in Portland, Oregon, and lay off up to 244 workers as the integrated logistics carrier moves forward with consolidating and automating facilities under a network optimization strategy announced a year ago.
The parcel giant on Friday notified Oregon authorities that it will close the facility on June 20 and release 244 unionized workers, according to the Office of Workforce Investments.
That figure represents the total number of...
UPS this week said it has incorporated a landed cost calculator to its shipping technology that e-commerce merchants can integrate into their online stores so customers see the import duties, taxes and fees upfront at checkout.
The new tool, UPS Global Checkout, aims to prevent consumers from being surprised by unpaid import fees collected upon delivery, which can sour the shopping experience and potentially cause a loss in brand loyalty. Global Checkout uses AI to assess items in the shopping...
Online retailers can make it easier for customers to return unwanted merchandise through a new program from FedEx that doesn’t require a label or box.
The service represents the latest response to shoppers’ expectations for flexible, convenient returns options as e-commerce continues to grow, and to UPS, which introduced a frictionless returns capability a year ago with the acquisition of Happy Returns.
The latest survey data shows return policies significantly influence shopping decisions. UPS (N...
https://www.freightwaves.com/news/fedex-introduces-no-box-no-label-returns
UPS said it will cut the volumes it handles for Amazon by 50% going into the second half of 2026 as part of a plan to improve profitability at the parcel carrier.
The news was announced during the company’s fourth-quarter earnings release and call with analysts Thursday before the market opened.
E-commerce giant Amazon accounted for 11.8% of revenue at UPS in 2024, but “looking ahead, we project this business, if we take no action, will drive diminishing returns,” CEO Carol Tomé said during the...
https://www.freightwaves.com/news/ups-slashing-amazon-volume-by-50-in-push-for-profitability
The Teamsters union has launched a multilocation strike against Amazon, but as with so many things involving the giant e-commerce retailer and logistics company, describing the labor action is no simple task.
The union said overnight in a prepared statement that workers would be setting up picket lines at seven Amazon locations, which are identified by a four-letter and numerical code: DBK4 in New York, DGT8 in Atlanta, DFX4, DAX5 and DAX8 in Southern California, CDK6 in San Francisco, and DIL7...
The former UPS Freight LTL carrier – which has been enough of a headache for its subsequent owner that its CEO felt the need to defend its acquisition in a recent earnings call – was not properly valued by UPS when its sale was being considered, according to the Securities and Exchange Commission.
The penalty levied against UPS, after what the SEC said was a settlement with the logistics provider, was a $45 million fine. UPS, in the settlement, did not admit or deny the SEC findings, according...
UPS on Thursday reported positive revenue and profit growth in the third quarter, turning the corner on nearly two years of subpar performance. But the company also cautioned that macroeconomic conditions and more in-store shopping could dampen peak season shipping activity.
Full-year revenue guidance of $91 billion was down slightly, mostly related to the disposal of Coyote Logistics. The forecast suggests UPS (NYSE: UPS) doesn’t expect a surge of shipping activity during the current quarter,...
https://www.freightwaves.com/news/ups-forecasts-softer-peak-shipping-season
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...
UPS (NYSE: UPS) announced on Monday it has entered an agreement to acquire Mexican express delivery company Estafeta.
According to a news release from UPS, this acquisition is a key part of the company’s Better and Bolder strategy aimed at becoming the world’s premium international small package and logistics provider.
“Global supply chains are shifting, Mexico’s role in global trade is growing, and Mexican SMB and manufacturing sectors are looking for reliable access to the US market,” said UPS...
https://www.freightwaves.com/news/ups-announces-deal-to-acquire-mexican-delivery-company-estafeta
The U.S. Postal Service plans to shift daily air cargo volumes to UPS before the contract with FedEx expires in September to ensure no service interruption for customers heading into the busy holiday shipping season, the agency and company officials said Tuesday.
UPS’ (NYSE: UPS) ability to leverage its integrated air-and-ground network and bypass its main sort hub in Louisville, Kentucky, will enable the integrated express carrier to better profit from transporting domestic airmail for the...
https://www.freightwaves.com/news/us-postal-service-to-migrate-air-cargo-to-ups-during-summer