The Business Times

UPS

Transport & Logistics

UPS profit beats estimates, to cut 20,000 jobs on economic worries

The company deploys fixed robotic arms and AI-driven software in its high-tech Velocity facilities.
Transport & Logistics

UPS in talks with startup Figure AI to deploy humanoid robots

The move to scale back business with Amazon.com by 50 per cent will allow UPS to focus on more profitable shipments.
Transport & Logistics

UPS breaks with Amazon to take ‘control of own destiny’

FILE PHOTO: A United Parcel Service (UPS) truck on delivery is pictured in downtown Los Angeles, California October 29, 2014. Determined not to repeat a holiday season that left millions of packages delivered too late and customers seething, United Parcel Service Inc and FedEx Corp are investing heavily in new infrastructure - but the continued dynamic growth of e-commerce will test those efforts. The world's two largest shipping companies are building new facilities, adding more temporary holiday workers and pushing retailers to help them avoid a recurrence of a pre-Christmas shipping logjam. REUTERS/Mike Blake (UNITED STATES - Tags: BUSINESS LOGO)/File Photo
Companies & Markets

UPS sees profit growth for first time in nearly 2 years

UPS posted an adjusted profit of US$1.79 per share for the quarter, below analysts’ estimates of US$1.99
Transport & Logistics

UPS misses quarterly estimates on high labour costs, weak small-package demand

UPS bought Coyote Logistics from private equity firm Warburg Pincus for US$1.8 billion in 2015 to expand its full-truckload services.
Transport & Logistics

UPS announces sale of Coyote Logistics unit to RXO for US$1 billion

FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo
Companies & Markets

Goldman strikes US$43 billion investing deal for UPS pension funds

UPS reported a 3.2 per cent decline in average daily volumes in its domestic segment and a 5.8 per cent drop in its international segmen
Transport & Logistics

UPS profit beats estimates as cost cuts offset weak delivery demand

UPS said the postal service’s award was “significant.”
Transport & Logistics

UPS to replace FedEx as US Postal Service’s primary air cargo provider

epa10904016 A UPS truck driver unloads boxes from a truck onto a dolly in Washington, DC, USA, 06 October 2023. The United States economy added 336,000 jobs in September 2023, according to a new jobs report - which far exceeded expectations. The Dow gained three hundred points after the jobs report was released by the Bureau of Labor Statistics. Unemployment in the US has now remained under four percent for the longest stretch since the 1960s. EPA-EFE/MICHAEL REYNOLDS
Transport & Logistics

UPS to cut 12,000 jobs as annual revenue forecast disappoints on weak ecommerce demand

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