UPS to Acquire Coyote Logistics for $1.8 Billion
UPS will acquire Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company, for $1.8 billion from Warburg Pincus.
Logistics
UPS Beats Q2 Earnings Estimate Even As Revenue Falls
UPS’s Q2 earnings beat analyst estimates, even as revenue was slightly below expectations. Its B2B business gained from ecommerce, omnichannel and returns.
UPS Access Point Network Expands to 100 Cities
UPS is expanding its Access Point pickup program to 100 U.S. cities by the end of 2015, with 8,000 locations here and 22,000 in 10 countries worldwide.
Supply Chain Risk: When Bad Things Happen to Good Cargo
As supply chains are often global in scope and impact fiscal health, supply chain risk is a major issue. Here are some steps to take to mitigate that risk.
UPS Expands Billing Options with Staples Partnership
UPS and Staples are teaming up to make it easier to ship UPS packages from any Staples location. See what this will mean for small businesses.
How to Turn Omnichannel from Retail Disruptor to Game-Changer
Bala Ganesh, Director of Retail Marketing at UPS, talks candidly about what retailers are getting out of omnichannel – increased revenue, reduced costs and increased return on assets. Watch and listen to Ganesh here…
UPS Capital Acquisition Enhances Luxury Goods Logistics Offering
UPS Capital has acquired the Insured Parcel Services (IPS) of G4S International Logistics, pushing further into the luxury goods market.
Appellate Court Upholds Ruling That FedEx Drivers Were Employees
A federal appellate court has ruled against FedEx in a case from 2003 involving 500 drivers in Kansas who claimed they were misclassified as contractors.
UPS Buys Parcel Pro, Boosts Insurance of Luxury Goods Shipments
UPS Capital, a subsidiary of UPS, has acquired Parcel Pro to bolster insurance of luxury goods shipments.
FAA Allows Drone Testing Beyond Line of Sight
The FAA said it will allow commercial testing of drones beyond pilot line-of-sight, making drone deliveries by Amazon and Google a bit closer to reality.