Page 2 - Ups

UPS in talks with govt to make some parcel-tracking tags in India: Official

UPS began expanding its use of radio-frequency identification (RFID) tags on packages about two years ago, helping its workers avoid millions of package scans per day

Artificial intelligence driving more layoffs than companies want to admit

Experts struggle to get an accurate picture of just how many jobs are being eliminated as AI rapidly advances

UPS to cut 12,000 jobs, shares drop nearly 6% in premarket trading

UPS slid before the opening bell on Tuesday as the package delivery company announced that it's eliminating approximately 12,000 jobs and looking at strategic options for its Coyote truck load brokerage business. Last year union members at UPS voted to approve a tentative contract agreement, putting a final seal on contentious labor negotiations that threatened to disrupt package deliveries for millions of businesses and households nationwide. On a conference call on Tuesday morning, CEO Carol Tome said that by reducing the company's headcount UPS will realise USD 1 billion in cost savings. We are going to fit our organisation to our strategy and align our resources against what's wildly important, Tome said. She also announced that this year UPS is returning to a policy of having its employees back in the office five days a week. United Parcel Service Inc. anticipates 2024 revenue in a range of approximately USD 92 billion to USD 94.5 billion. Analysts surveyed by FactSet predic

Govt probes DHL, FedEx, UPS for alleged collusion on discounts & tariffs

Competition Commission of India (CCI) has begun reviewing hundreds of thousands of emails as it investigates the fees companies charged for airport services

Shipping & logistics firm UPS opens India's first tech centre in Chennai

Around 100 candidates were already hired in Chennai with plans to hire 350 by the end of 2023 and up to 1,000 by 2025 across India

Logistics firm UPS inks pact to train 500 women entrepreneurs in India

US-based logistics major UPS has inked a partnership with India SME Forum to train 500 women entrepreneurs in India in export and related business areas, according to a company official. The training will be provided through experts via online and offline modes, said Laura Lane, Executive Vice President and Chief Corporate Affairs and Sustainability Officer, UPS. The official was in the national capital to sign the pact with India SME Forum. "The experts will educate the women entrepreneurs of the SME segment on rules related to export, help them identity markets for their products, packaging etc.," Lane said. The company will initially train 500 women and later plans to expand the programme later, she said. Post-pandemic, women-owned businesses have increased in India, Laura said, adding that taking them to export markets will help in their economic empowerment. "Many women have started their businesses in India, but due to various reasons, they may not find the right market for

Interglobe and UPS set up logistics firm offering B2B services in India

New company called Movin will be headquartered in Gurugram and it will first start services in Mumbai, Delhi NCR and Bengaluru.

InterGlobe, UPS in 50:50 joint venture to dive into India logistics market

Analysts tracking the logistics sector said that there are multiple areas where IndiGo's cargo business can benefit from a joint venture between UPS and its parent firm

EV startups hunt for an edge as big automakers roll out vans and trucks

To survive in a world where the likes of Ford, Renault or Stellantis can make hundreds of thousands of vans a year, superior software or technology could make all the difference for new entrants

UPS shares hit three-month low on worries e-commerce is cooling

UPS is reserving planes and other equipment needed for the expected surge

Several companies freeze operations as severe weather disrupts parts of US

UPS rival FedEx said severe weather was affecting its ability to deliver packages in certain cities

Replacement demand, expansion to support revenue growth for Amara Raja

The company outperformed Exide for the fifth consecutive quarter

UPS, FedEx warn they cannot carry ballots like US Postal Service: Report

Trump opposed providing funds for the struggling Postal Service for mail voting, which is expected to surge to 50% as the coronavirus pandemic rages ahead of the Nov 3 presidential election

Exide: Replacement demand, undemanding valuations to support revenues

Margins may be under pressure on higher raw material costs

Replacement demand, spurt in UPS sales to support Exide's revenue

Margins, however, could be under pressure on higher raw material costs

Amazon boosts holiday quarter delivery; UPS, FedEx may see profit squeeze

Amazon holiday quarter delivers, threatens profit squeeze for UPS and FedEx

UPS testing drones for use in its package delivery system

It has partnered with robot-maker CyPhy Works to test the use of drones to make commercial deliveries