UPS
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Top Stories
TuSimple raises $1.36B in IPO sales ahead of bell-ringing public debut
TuSimple, the first autonomous vehicle software maker to go public, raised $1.36 billion at $40 per share, slightly above the high end of its estimate.…
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News
Don’t ride the blockchain train unless you know the track–report
Report by University of Tennessee cautions that a business case must be firmly laid out before blockchain initiatives are launched.
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Modern Shipper
Big Brown continues greening fleet, buying Beta Technologies electric planes
UPS Flight Forward has an option to buy up to 150 electric aircraft that can transport up to 1,400 pounds of cargo each from Beta…
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News
UPS partially reinstates money-back delivery guarantee — with a twist
The company restores money-back guarantee on next-day air products and much of its international express portfolio.
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Electric Trucks
Cowen: Arrival’s unique approach sets up opportunity in EV space
Research firm Cowen has set a price target of $28.50 per share for EV startup Arrival – more than $10 higher than Monday’s trading price.…
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Modern Shipper
DHL Express ups order for Lightning eMotors’ electric Transit vans
DHL Express was pleased with a trial of nine Lightning eMotors electric Ford Transit vans and is now ordering an additional 89 units to deploy…
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News
Is Carol robbing Peter to pay Paul at UPS?
Carol Tomé has blown through UPS like a whirlwind. Will there be long-term blowback?
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Air Cargo
Exclusive: UPS pilots detained in Hong Kong while awaiting COVID test results
Hong Kong has ratcheted up quarantine requirements on inbound pilots, escalating tensions with the U.S. and impacting the operations of express carriers UPS and FedEx.
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Parcel
UPS needs to play weekend warrior to catch up to FedEx
UPS needs to step up its weekend game if it plans to overcome FedEx’s advantage in e-commerce transit times, a former UPS executive says.
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Parcel
Postal Service earmarking $40B to boost share of package market
DeJoy testifies that the Postal Service must focus on increasing its 35% share of the package market currently dominated by private carriers.
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