UPS News & Resources
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UPS preps to acquire MNX Global Logistics
September 28, 2023
MNX has more than 800 employees in 190 countries, according to UPS. Its network includes more than 2,500 agent partners, more than 45,000 couriers, and more than 700 forward stocking locations.
Logistics services providers and shippers call out for seasonal help
September 27, 2023
A sure sign that the holiday season getting closer each day are the respective announcements made by carriers, transportation and logistics services providers, and shippers alike, announcing their “help wanted” signs have been hung, as they look for seasonal workers.
FedEx reports mixed fiscal first quarter earnings, with Ground up 3%
September 21, 2023
Quarterly revenue—at $21.7 billion—was down 7% annually, and operating income—at $1.49 billion—increased 25%. Net income, at $1.08 billion, topped the $875 million recorded for the same quarter a year ago. Adjusted earnings per share came in at $4.23, up 24% annually and topping Wall Street expectations, at $3.70.
No Surcharge for Holiday Packages, USPS says
September 20, 2023
With an eye on the 2023 peak shipping season, the United States Postal Service (USPS) said it would not implement any additional surcharges on holiday shipping.
UPS CFO Newman provides details on new deal with the Teamsters
September 12, 2023
Following the formal ratification of the new five-year contract between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters late last month, a high-level UPS executive provided an overview of the deal, from the company’s perspective, on an analyst call yesterday.
UPS introduces 2024 rate increases
September 8, 2023
Keeping in line with recently announced rate increases made by its chief rival FedEx, Atlanta-based global freight transportation and logistics services provider UPS this week announced its own 2024 rate increases this week, which are set to go into effect on December 26.
FedEx rolls out new pricing increases for 2024, as well as for ‘Demand’ surcharges
August 29, 2023
Memphis-based global freight transportation and logistics services provider FedEx announced rate increases today for its FedEx Express, FedEx Freight, and FedEx Ground subsidiaries, which will take effect on January 1, 2024. The company also said that, effective September 4, it will officially rebrand “peak” surcharges to “demand” surcharges,
Reports indicate Amazon is poised to relaunch Amazon Shipping service
August 21, 2023
Various reports published late last week indicated that Seattle-based global e-commerce giant Amazon is in the process of rebooting its Amazon Shipping service, which is designed to compete with the parcel duopoly of UPS and FedEx, that it halted at the onset of the pandemic.
Nearly all UPS Teamsters Local Unions Accept Tentative Agreement
August 1, 2023
On July 25, UPS, made a tentative agreement with the International Brotherhood of Teamsters. Yesterday, the Teamsters reported that 161 out of 162 Teamsters local unions voted to endorse the tentative agreement and urge its full acceptance by all 340,000 full- and part-time UPS Teamsters members.
Nearly all UPS Teamsters local unions sign off on tentative agreement
August 1, 2023
Following a tentative agreement made between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters on July 25, the Teamsters said yesterday that Teamsters local unions voted by a nearly unanimous 161-1 vote in favor of endorsing the tentative agreement and recommend its passage by full membership, for the 340,000 full- and part-time UPS Teamsters members.
Taking a quick look at some year-to-date market trends and themes
July 31, 2023
While the calendar indicates that just about the first seven months of 2023 are officially in the books, this seems like as good of a time as any to take a quick look back at things on a year-to-date basis, as they relate to key supply chain, logistics, and freight transportation trends and themes.
UPS and Teamsters Reach New five-year Tentative Agreement
July 27, 2023
With only a few days remaining until the July 31 deadline, the contentious and on-again, off-again labor negotiations between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters reached an amicable outcome, in the form of a new five-year tentative agreement.
UPS-Teamsters tentative agreement is likely to increase costs for shippers, analysts note
July 26, 2023
As freight transportation, logistics, and supply chain stakeholders (likely) breathed a collective sigh of relief yesterday, following the new five-year tentative agreement reached yesterday between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters, there has been no shortage of opinions and views on how this agreement, assuming it is ratified by UPS Teamsters members next month, will impact shippers, especially as it relates to pricing.
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