Business, Technology, Logistics, Autonomous

UPS to Expand Service, Capacity, Add Operation Hours

UPS A UPS driver makes a delivery. The company said weekend network enhancements will expand residential and commercial Saturday volumes by reaching an additional 40 million U.S. consumers. (UPS Inc.)

UPS Inc. rolled out a series of offerings Jan. 29 aimed at improving service to small and midsize businesses, including an extension of weekend operations.

Jim Stinson | Staff Reporter
January 29, 2020
Business, Technology, Logistics

Holiday Returns Drive Demand for Reverse Logistics

A customer returns gifts to a Kohl's Department store. A customer returns items to a Kohl's Department store. (Jack Sauer/Associated Press)

Reverse logistics is part of retailers’ year-round operations, but returns ramp up during the holidays.

Mindy Long | Special to Transport Topics
January 3, 2020
Business, Logistics, Top 100

FedEx’s Q2 Earnings Tumble, Even More Than Wall Street Expected

FedEx trucks at distribution center in New Jersey Delivery trucks sit in the FedEx Corp. Ground distribution center in Jersey City, N.J., on Aug. 7, 2018. (Marc McAndrews/Bloomberg News)

FedEx Corp. reported lower-than-expected second-quarter fiscal year 2020 earnings Dec. 17, missing Wall Street analysts’ expectations.

Dan Ronan | Associate News Editor
December 17, 2019
Government, Business, Top 50

The 2019 Top 50 Global Freight Carriers: Growth Continues Despite Trade Tensions

A containership docked at the Port of Rotterdam. A containership docked at the Port of Rotterdam. (Katie Pyzyk for Transport Topics)

All but a handful of the companies ranked on the 2019 Top 50 Global Freight Carriers list posted higher freight revenues in 2018 than the previous year, as the majority of the world’s largest freight carriers continued to enjoy strong demand in many key markets.

Seth Clevenger | Managing Editor, Features
November 18, 2019
Business, Top 50

North America's Busiest Cargo Airports

UPS Worldport UPS employees load containers onto planes at UPS Worldport in Louisville, Kentucky, in 2012. (John Sommers II for Transport Topics)

Where North American airports ranked in terms of cargo pounds transported.

Seth Clevenger | Managing Editor, Features
November 18, 2019
Business, Top 100

UPS Net Income Up 15.9%, Revenue Rises 5%

UPS net income rose in Q3. Tim Boyle/Bloomberg News

UPS Inc. reported $1.75 billion in net income in the third quarter of 2019, up 15.9% from the same period a year ago, in an earnings statement released Oct. 22.

Jim Stinson | Staff Reporter
October 22, 2019
Business, Technology, Logistics

UPS, Shippo Collaborate on Small-Business Shipping

UPS employee delivers packages in New York City Victor J. Blue/Bloomberg News

UPS Inc. will work with shipping technology company Shippo to offer marketplace shipping rates to the more than 35,000 small- and medium-size businesses that use Shippo’s platform, according to an Oct. 10 news release.

October 10, 2019
Business, Technology, Logistics

UPS Completes Nashville-Area Distribution Facility

UPS truck UPS says its expanded facility in Whitescreek, Tenn., added more than 300 full- and part-time jobs to the area. (Daniel Acker/Bloomberg News)

UPS Inc. has completed the expansion of its Whitescreek, Tenn., ground-package sortation and distribution facility, part of a multiyear investment plan to grow its global logistics network.

September 30, 2019
Business, Technology, Logistics, Autonomous

TuSimple to Use New Funds for System Development, Route Expansion

TuSimple truck TuSimple, a provider of autonomous driving technology for heavy-duty trucks, has locked down three new Series D investors in addition to previously announced participant UPS. (TuSimple)

Startup autonomous truck company TuSimple announced commitments from investors for an additional $120 million. These funds are part of an extended Series D round that was oversubscribed and reached a total of $215 million.

Roger Gilroy | Senior Reporter
September 17, 2019
Government, Business, Logistics

Coyote Logistics: Truckload Rates to Rebound

Coyote Logistics Chicago office Coyote Logistics' Chicago office buzzes with activity. (Coyote Logistics)

Despite a freight slowdown in the first half of 2019, shipper demand is at an inflection point, and spot-market truckload business will rebound in the fourth quarter, according to officials from Coyote Logistics, a UPS Inc.-owned third-party logistics company based in Chicago.

Jim Stinson | Staff Reporter
August 29, 2019