Post Tagged with: "UPS"

UPS ranked most valuable logistics brands in 2017

UPS ranked most valuable logistics brands in 2017

March 12, 2017 at 7:03 pm 0 comments

Each year UK-based valuation and strategy consultancy, Brand Finance appraises the brand values of the world’s leading logistics companies. Once again, UPS seized the top position by a long-shot, with a brand value of US$22 billion. FedEX took second place with its brand valued at $17 billion—up 31% from 2016Read More

E.U. Court sides with UPS in blocked TNT deal

E.U. Court sides with UPS in blocked TNT deal

March 10, 2017 at 6:45 pm 0 comments

Earlier this week, a Luxembourg-based General Court annulled a European Union decision made back in 2013, to block Atlanta-based UPS’ proposed US$7 billion takeover of Dutch package delivery company, TNT Express. Even though the decision will not revise history, since TNT has already been acquired by FedEx Corp., the rulingRead More

UPS, Workhorse Group make successful autonomous drone test

UPS, Workhorse Group make successful autonomous drone test

February 21, 2017 at 6:42 pm 0 comments

UPS has successfully tested a drone that launches from the top of one of its brown vans, autonomously delivers packages and then returns to the vehicle while the van moves on to the next delivery. The drone delivery took place this Monday in Lithia, Florida. The test was conducted inRead More

National carriers balk at proposed increase in Alaska jet fuel tax

National carriers balk at proposed increase in Alaska jet fuel tax

February 17, 2017 at 6:50 pm 0 comments

After cruising for decades on high oil prices, the state of Alaska is scrambling to make up budget shortfalls by introducing a bill that would triple the state tax on jet fuel, sparking predictable dismay from several U.S.-based carriers that use Anchorage as a major trans-shipment hub on long-haul routes.Read More

E-commerce challenges and opportunities in UPS’ fourth quarter

E-commerce challenges and opportunities in UPS’ fourth quarter

January 31, 2017 at 6:59 pm 0 comments

Take your pick: UPS reported either a quarter-billion dollar net loss or a one-and-a-half-billion dollar net profit for the fourth quarter of 2016. David Harris, editor of our sister publication Cargo Facts, breaks down this morning’s conflicted and rather sour quarterly report from one of the world’s biggest integrators andRead More

UPS moves on U.K.-E.U. truckload brokerage market with Freightex

UPS moves on U.K.-E.U. truckload brokerage market with Freightex

January 9, 2017 at 6:57 pm 0 comments

UPS has bought into the European truckload brokerage sector with purchase of Freightex, a U.K.-based provider of truckload, less-than-truckload, specialized and refrigerated over-the-road services. With the purchase, Freightex will add extensive cross-border routes and a carrier network, which includes a dedicated fleet, to UPS’s portfolio. The acquisition also gives UPSRead More

UPS bracing for 1.3 million returns on ‘National Returns Day’

UPS bracing for 1.3 million returns on ‘National Returns Day’

January 4, 2017 at 6:34 pm 0 comments

E-commerce giveth with one hand, and taketh away with the other, so sayeth UPS, which is bracing for what it is calling “National Returns Day,” when online shoppers are expected to return some 1.3 million unwanted packages to retailers tomorrow, Jan. 5. The whole first week of the new yearRead More

UPS invests in reverse logistics startup Optoro as returns volume rises

UPS invests in reverse logistics startup Optoro as returns volume rises

December 27, 2016 at 6:37 pm 0 comments

The wrapping paper has been cleared away, Uncle Steve is on his seventh whisky and you are ensconced on the couch, half-buried under a pile of gifts that you’ll never use or wear. But your holiday work is still not done – it’s time for unwanted gift returns season. OnRead More