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UPS announced it's buying Coyote Logistics, a non-asset-based truckload freight brokerage company, giving it a major presence in the U.S. truckload brokerage market.
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UPS has signed agreements with three suppliers for up to 46 million gallons of renewable diesel over the next three years as part of its goal to significantly reduce emissions by 2020.
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Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.
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UPS is making collision mitigation technology standard equipment on every new Class 8 tractor the company orders.
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Profit for package delivery and trucking giant UPS Inc. increased 12.6% in the first quarter from the same time in 2014.
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Depending on how you look at it, parcel and trucking giant UPS either saw its fourth quarter profit fall a little or a lot compared to a year earlier, thanks to expenses incurred avoiding the previous year's holiday delivery delays.
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The trucking, parcel and logistics service provider expects earnings per share to increase next year by 10% to 15% from 2014 to between $5.45 to $5.70.
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On Friday, when UPS tractor-trailer driver Ginny Odom completed her usual 650-mile route towing twin 28-foot trailers from Orlando to Unadilla, Ga., and back, she became the first female UPS driver in history to drive 40 years and more than 4 million miles without so much as a fender bender.
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Higher package volume and growth in distribution and UPS Freight business led UPS Inc. to an upswing in third-quarter earnings compared to a year ago.
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They will increase an average of 4.9% for UPS Freight along with the company’s ground, air and international operations for shipments within and between the U.S., Canada and Puerto Rico.
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