ups

United Parcel Service Inc (NYSE: UPS) has purchased a minority stake in the self-driving company TuSimple. The investment coincides with ongoing autonomous road tests the package delivery company is conducting on a busy freight route in Arizona. Some of the money will be used to expand new routes...

Even without the possible purchase of an idled General Motors (NYSE: GM) plant, Workhorse Group Inc. (NASDAQ: WKHS)  has a story strong enough that one analyst is doubling his earnings estimate for the maker of electric step vans. Cowen analyst Jeffrey Osborne raised his estimate for Workhorse...

Two top bond rating agencies have lowered their ratings on the unsecured debt of UPS Inc. (NYSE: UPS), saying the transport and logistics giant may struggle to generate the needed cash to fund sizable capital investments, pension fund obligations, share buybacks and dividend increases without...

UPS Inc. (NYSE: UPS) said today it has named Brian Newman, executive vice president of finance and operations, Latin America for PepsiCo. (NYSE: PEP) to be the company's new chief financial officer (CFO), taking the rare step of going outside the company to fill such a high-profile position....

For most of the 21st century, next-day air deliveries in the U.S. have wallowed in the transport dustbin, considered an expensive relic of the past as businesses migrated to lower-cost, short- to intermediate-haul ground alternatives. Now in mid-2019, the skies have become – shall we say it – chic...

UPS Inc. (NYSE: UPS) reported Wednesday adjusted second quarter earnings per share of $1.96, three cents above analysts' median estimates, as solid results from its domestic U.S. and supply chain and freight segments offset a flat performance from its international business. Overall, revenue for...

UPS Inc. (NYSE: UPS) late Tuesday rolled out extensive changes to its product portfolio that include ground pick-ups and deliveries on Sundays for the first time in its history, a new commercial drone unit and an application with the federal government to expand U.S. drone operations, extended...

Marken, a wholly-owned subsidiary of UPS Inc (NYSE: UPS), announced on July 15 that it had acquired three European companies headquartered in Austria, Hungary and Italy to expand its geographic footprint of delivering clinical trial shipments every month. UPS bought Marken in late 2016 to expand...

With IMO2020 just around the corner, FreightWaves Radio this weekend takes a look at how it might impact fuel markets. J. Scott Susich, the director of data analytics and advisory services at DTN, joined co-host John Kingston on SiriusXM Road Dog Trucking for a discussion on how the regulation...

Good day, In the U.S., there are nearly 12 million women-owned small businesses, yet they comprise only 12 percent of U.S. exporters, according to UPS Inc. (NYSE: UPS). To try and change that and open up more opportunities for women, the company is launching the Women Exporters Program workshops...

For all its symbolism, FedEx Corp.'s (NYSE: FDX) June 7 announcement that it would not renew its U.S. air delivery contract with Amazon.com, Inc. (NASDAQ: AMZN) was relatively small potatoes. The decision only affects $150 to $200 million in annual revenue for Memphis-based FedEx, whose fiscal year...

Global shipping and logistics giant UPS Inc (NYSE: UPS) said it collaborates directly with its customers to reduce wait times at docks to increase efficiency and productivity and reduce detention time for its drivers. "The use of technology and visibility solutions drives collaboration between UPS...

Entry-level driver training regulations going into force in 2020 will make it difficult for UPS to keep up with new driver demand, according to company documents. UPS Inc (NYSE: UPS), one of the nation's largest less-than-truckload (LTL) freight carriers with over 20,000 long-haul trucks, has...

On June 23, the U.S. Postal Service (USPS) implements a pricing change that subjects more parcels to rates pegged to their dimensions instead of their actual weight. What impact, if any, this has on the USPS shipper universe won't be known for months. Under the new policy, USPS will, for the first...

UPS Inc. (NYSE: UPS) said May 22 that it placed the largest order for renewable natural gas (RNG) in U.S. history with the purchase of 170 million gallon equivalents of the alternate fuel over the next seven years. Under the deal, the Atlanta-based transport and logistics giant will pay Clean...