The sleeper drivers at UPS, by the end of a five-year contract, would have rates that are approaching $1 per mile.
UPS remains silent on the agreed-upon contract, but its union makes it look all but certain that Sunday delivery is coming.
Between 2008 and 2018 UPS will have invested more than $1 billion in alternative-fuel and advanced-technology vehicles and fueling stations.
Shrugging off any potential disruption due to trade war, FedEx Corp. executives were upbeat about the outlook for 2019 for both the general economy and FedEx’s operating units during its fiscal 2018 fourth-quarter and year-end earnings call on Tuesday.
As alternative energy continues to make headlines, companies are adding more electric vehicles their fleets. Both Ryder and UPS announced significant EV additions earlier this month.
55 days out from a July 31 deadline, UPS workers represented by the Teamsters have voted to authorize a strike in the event that talks fail.
According to experts, platooning is a “now” technology ready for commercial operations, but there is still some resistance and operational challenges that must be overcome.
Parcel giant UPS announced plans to increase fees for overweight shipments as the company continues to try and discourage shippers from dumping their large items into UPS’ network designed from small packages.
On the earnings calls, lots of talk about driver shortages but no suggestion that companies see it as hindering their growth.
The union’s negotiating committee tosses three members, with the issue of 7-day delivery at the heart of the dispute.
The U.S. Treasury said it would revoke authorization for aviation exports to Iran within 90 days, all but prohibiting big orders Iran placed for Boeing Co. and Airbus SE jets.
UPS is currently in talks with at least one trucking company to start an in-home delivery service for large goods such as appliances and furniture. This move could provide a competitive advantage for UPS, and allow the company to take advantage of the rapid growth in e-commerce sales of larger items.
OEMs, fleets, and policymakers came together to talk about what drives innovation in clean transport technology. They also discussed California’s lawsuit against the EPA and the uncertain regulatory climate.
Amazon and the US Postal Service have grown package volumes and profits together in a mutually beneficial relationship.
Earnings season is here; UPS posts 13th quarter of double digit growth; Knight-Swift finds synergies; Maersk trials autonomous ships; the Mustang is the last Ford car left; Barclays and Goldman Sachs collab on data standards for derivatives and blockchain; Union Pacific beats the Street.
The company is moving fast in an effort to stay on top of trends, to see industry changes as opportunities, and to continue to act offensively.
Hapag-Lloyd explores priority container freight; CSX raked in Q1 profits; aluminum prices are turbulent; UPS launches Groupon-like discounts for retailers; project44 raises $35M in Series A.
Shippers are anticipating continued volume increases, tighter capacity, and further rate increases according to a Morgan Stanley survey.
China approves drone package delivery; driver pay is up 15% in 3 years; Hapag-Lloyd has a plan to switch to low sulphur fuel; Trump gears up for fight with Amazon; Barclay’s thinks WTI crude will drop to $51 this year.
Energy and financial markets economist joins the FreightWaves data-science team.
