United Parcel Service

US Postal Service to migrate air cargo to UPS during summer

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

UPS plans to hire 300 pilots to support Postal Service contract

UPS is looking to hire more than 300 pilots to support an anticipated increase in air cargo demand driven by a new multi-year contract from the U.S. Postal Service, according to the union representing the company’s air crews.

“The Independent Pilots Association Executive Board was informed that UPS HR is resuming their pilot hiring process to account for the additional volume surge that will occur as the year progresses,” the union said in a statement shared with FreightWaves. “The initial...

https://www.freightwaves.com/news/ups-plans-to-hire-300-pilots-to-support-postal-service-contract

Postal Service’s air cargo shift to UPS makes everyone a winner 

The U.S. Postal Service’s decision this week not to renew a contract with FedEx, worth more than $1.5 billion per year, for domestic air transport and award it to UPS after more than two decades actually benefits all three parties, according to industry analysts. 

At face value, the arrangement seems a blow for FedEx (NYSE: FDX), which will lose one its biggest customers when the existing contract expires on Sept. 29. And it raises questions about how UPS (NYSE: UPS) can make a decent profit...

https://www.freightwaves.com/news/postal-services-air-cargo-shift-to-ups-makes-everyone-a-winner

UPS wins air cargo contract with Postal Service, replaces FedEx

UPS will replace FedEx as the dominant provider of domestic air cargo for the U.S. Postal Service for the first time in more than 20 years. The express delivery giant on Monday announced that the Postal Service has awarded it a “significant” contract to move the majority of the mail agency’s air cargo in the United States.

The contract will take effect on Sept. 30 and calls for a 5.5-year minimum base term, according to the Postal Service. FedEx’s (NYSE: FDX) contract with the U.S. Postal...

https://www.freightwaves.com/news/ups-wins-air-cargo-contract-with-postal-service-replaces-fedex

How FedEx could win by losing its Postal Service business

FedEx would benefit from the partial, or complete, loss of its huge contract with the U.S. Postal Service because it would force the parcel delivery giant to downsize a bloated and expensive air transport network, which could help revive profitability, said Brandon Oglenski, who covers the company for Barclays Bank.

FedEx Express (NYSE: FDX) and UPS (NYSE: UPS) move similar quantities of domestic and international express packages, but because FedEx has a much bigger airline, it chases...

https://www.freightwaves.com/news/how-fedex-could-win-by-losing-its-postal-service-business

FedEx air fleet flies more in August

Domestic flight activity for express air parcel companies, led by FedEx, inched up in August, with the group performing better than normal for the time of year, according to research by transport analysts at Morgan Stanley. But the express carriers are still flying less than they were a year ago because of weak shipping demand.

Market reporting agency WorldACD said on Saturday that express shipments were down 17% from January to August versus the same period in 2022.

The reports underscore how...

https://www.freightwaves.com/news/fedex-air-fleet-flies-more-in-august

Sisler out as head of Coyote; CFO Pisipati rises to CEO post

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Jonathan Sisler, who had been with digital brokerage Coyote Logistics since 2008 and CEO since July...

https://www.freightwaves.com/news/sisler-out-as-head-of-coyote-cfo-pisipati-rises-to-ceo-post

Arrival and its automated driving system reach major milestone

Arrival tests automated driving system autonomous driverless vehicle car truck van

Autonomous vehicle manufacturer Arrival (NASDAQ: ARVL) announced on Monday a successful test run of its automated driving system (ADS) at a fully functioning parcel facility. It’s the first time one of its Arrival Vans has driven around a facility without a driver in tow, performing all daily operations of a commercial fleet driver. The driverless vehicles are intended to boost both safety and efficiency in depots.

The Arrival Van is the most recent addition to the company’s Robopilot project,...

https://www.freightwaves.com/news/arrival-and-its-automated-driving-system-reach-major-milestone

UPS sets sights on 30% sustainable aviation fuel by 2035

UPS announces ESG goals for 2035.

UPS Inc. (NYSE:UPS) — like many shipping and delivery companies — has a goal to reach net-zero emissions by 2050, including scope 1, scope 2 and scope 3 emissions. 

But how will UPS get there?

At an investor and analyst conference Wednesday, UPS shared some medium-term environmental, social and governance goals for 2035 that will move the company closer to net-zero emissions.

1. UPS will reduce CO2 emissions by 50% per package delivered for global small package operations by 2035, using 2020 as...

https://www.freightwaves.com/news/ups-sets-sights-on-30-sustainable-aviation-fuel-by-2035

Arrival sets second US microfactory as public trading nears

U.K. electric delivery van and bus startup Arrival Ltd. will build its second U.S. microfactory in Charlotte, North Carolina, the site of its U.S. headquarters. The SPAC-backed startup begins public trading Thursday.

The new microfactory will make vans to help fulfill a 10,000-unit order from United Parcel Service (NYSE: UPS). Many of the vehicles produced at the Charlotte microfactory are expected to enter UPS’ North American and European fleets.

“We’re excited by this significant milestone that...

https://s29755.pcdn.co/news/arrival-sets-second-us-microfactory-as-public-trading-nears

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