UPS Inc. posted a 3.5% increase in third-quarter net income to $1.26 billion from $1.21 billion, even as quarterly revenue dipped by 0.4% to $14.24 billion from $14.29 billion, compared with the same three months in 2014.
October 28, 2015Business
UPS Announces Rate Increases
UPS Inc. announced rate increases of 4.9% on average for the majority of its business, citing higher costs and other factors.
October 16, 2015Business
UPS Asks People to Pick Up Packages Themselves
In time for the holiday season, UPS is rolling out to 100 cities a program that requires people in some neighborhoods to fetch packages at nearby locations — such as a druggist or dry cleaner — if they weren’t home to meet a driver.
September 30, 2015Business
UPS Asks, Does Logistics Industry Need Bitcoin?
UPS Inc. recently asked in its official blog if global trade needs a virtual currency like Bitcoin as the world becomes more connected.
September 21, 2015Business
UPS to Hire as Many as 95,000 Holiday Workers
UPS Inc. said it will add between 90,000 and 95,000 seasonal employees to support the anticipated increase in package volume that begins in November and lasts through January.
September 15, 2015Business
UPS Adds Electric Vehicles With Longer Range
UPS Inc. announced that it purchased 125 additional hybrid electric delivery trucks as part of a broader program to deploy electric-powered vehicles with longer range and performance.
September 9, 2015Business
UPS Freight, Old Dominion Expand Illinois Terminals
Two major less-than-truckload operators have announced capacity expansion projects in northern Illinois.
August 24, 2015Business
UPS to Buy Coyote Logistics
UPS Inc. expanded its domestic supply chain capabilities by agreeing to buy truckload broker Coyote Logistics for $1.8 billion, as purchases of fast-growing logistics companies accelerate.
August 10, 2015BusinessLogistics
Shale Boom Nudges Propane-Powered Trucks From Dream to Reality
For almost 80 years, Blue Star Gas distributed propane throughout the U.S. West Coast on trucks mostly powered by gasoline. Now the company is working to convert its 55 vehicles to run on the same stuff it delivers.
August 5, 2015Business
Growth in International Business Aids UPS’ Profits in 2nd Quarter
UPS Inc. second-quarter net income rose to $1.23 billion, or $1.35 per share, helped by stronger results in the international sector, the parcel carrier said last week.
August 3, 2015