UPS News Updates

Business

UPS Tries Arming Its Brown-Clad Drivers With an Octocopter Drone

UPS Inc. sees a day when your latest purchase may be dropped off not by a brown-clad delivery driver, but by an octocopter drone.

February 21, 2017
Business

Elite UPS Safe Driver Group Grows to 9,349

UPS Inc. has announced the induction of 1,575 drivers into its “Circle of Honor,” raising to 9,349 the number of drivers who have gone 25 years or more without an avoidable accident — accounting for nearly 10% of the UPS driver workforce.

February 21, 2017
Business

UPS Escalates Reliance on Solar Energy

UPS Inc. announced a significant escalation of its investment in solar energy as an owner/operator of solar assets starting with at least eight of its facilities in the United States.

February 10, 2017
Business

UPS Takes $239 Million Loss in 4Q Because of Charge on Pension Assets

UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets worth $1.67 billion after taxes from what was an otherwise profitable period. For the last three months of 2015, the after-tax charge was $79 million.

February 6, 2017
Business

UPS Posts 27-Cent Quarterly Loss on Pension Adjustment

UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets, decreasing net income by $1.67 billion from what was an otherwise profitable period. For the same issue at the end of 2015, the charge decreased profitability by $79 million.

January 31, 2017
Business

UPS Acquires U.K.-Based Freightex

UPS Inc. acquired Freightex, a United Kingdom-based asset-light logistics services provider that will provide a “new global and regional growth platform” from an established base of customers and carriers, it said.

January 9, 2017
Business

UPS' 'National Returns Day' Expected to Break Records

UPS expects to deliver 1.3 million returned packages to retailers on Jan. 5, which the company has dubbed "National Returns Day," according to a press release from the company.

January 4, 2017
Business

UPS Debuts Delivery by Electric Bike in Portland, Ore.

UPS Inc. will be swapping one of its big brown trucks for a big brown bike. The Atlanta logistics company said Dec. 7 that it's testing delivery by electric bicycle in Portland, a first for the company in the United States.

December 7, 2016
Business

VIDEO: UPS CEO: ‘We’re Not Sure’ There Will Be Trade Negatives Under Trump

UPS CEO David Abney told CNBC cutting regulation and growing infrastructure are likely positives.

December 7, 2016
TCA

UPS Mechanics Complain of Faulty, Dangerous Equipment

The union representing aircraft maintenance workers at UPS Inc., including those at the hub at Ontario International Airport, claimed in court the company has repeatedly failed to keep workers safe on the job.

December 2, 2016