All UPS articles
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NewsUPS completes Frigo-Trans and BPL acquisitions
UPS has completed the acquisition of Germany-based Frigo-Trans and its sister company BPL, which provide complex healthcare logistics solutions across Europe.
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NewsUPS grows healthcare logistics capabilities with acquisitions
Photo: UPS UPS has struck a deal to grow its healthcare logistics capabilities with the acquisition of Germany-based Frigo-Trans and its sister company BPL. Once completed, the acquisitions will boost end-to-end temperature-sensitive and time-critical logistics services throughout Europe, said the US-headquartered company. “The fast-paced innovation in the ...
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InsightsTop 25 cargo carriers: Cargo goes slow on growth in 2023
Air cargo demand in 2023 was slow to recover from the previous year’s market slump and the top 25 cargo airlines felt the strain.2023 was undoubtedly a tough year for air cargo with global full-year demand, measured in cargo tonne-kilometers (CTKs), for the top 25 airlines down 1.7% compared to ...
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NewsUPS Q2 profit down 30% YoY
Volumes posed a challenge for UPS in the second quarter of this year, though results were bolstered slightly by the performance of the supply chain solutions division.UPS has announced second quarter consolidated revenues of $21.8bn, a 1.1% decrease from the second quarter of 2023.Consolidated operating profit was $1.9bn, down 30.1% ...
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News
UPS to acquire Estafeta
UPS has entered into an agreement to acquire Mexican express delivery company Estafeta, including a fleet of six aircraft.The acquisition has been announced as Mexico becomes strategically more important to UPS and the use of nearshoring grows.Estafeta's business include global express import and export with air service, document and parcel ...
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News
Freighter emissions up 25% since 2019
Greenhouse gas (GHG) emissions generated by freighter aircraft have grown by 25% since 2019, according to environmental campaign group Stand.earth.The report called for greater emissions transparency from carriers and said one of the major causes of the problem is the demand for faster delivery services for e-commerce shipments.The report shows ...
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News
FedEx plans to cut up to 2,000 jobs in Europe
FedEx is planning to cut thousands of jobs in Europe as it continues to struggle with sluggish market conditions.The express giant said that it would let go between 1,700 and 2,000 members of its back-office team on the continent - around 3-4% of its 52,000 European employees.It hopes the move ...
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News
UPS opens first healthcare facility by Dublin Airport
UPS has opened its first dedicated healthcare facility in Dublin to support the pharma and medical industry supply chain in Ireland.The €12m facility at Horizon Logistics Park in Swords spans around 6,000 sq m and is situated next to Dublin Airport, UPS told Air Cargo News.Fitted with specialised cold chain ...
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News
Future of the 767F given a boost as US Senate backs emissions exemption
Production of the Boeing 767 freighter has been given a lifeline after the US Senate approved a bill that would exempt the aircraft from stricter emissions rules.The US is due to implement new aircraft efficiency rules from January 1 2028 which had called into question the future of the 767 ...
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NewsUPS revenue drops 5% in Q1
Express services giant UPS recorded consolidated revenue of $21.7bn in the first three months of this year, a 5.3% fall on its performance in the first quarter of 2023.Consolidated operating profit was down further, by 36.5% year on year to $1.6bn (and down 31.5% on an adjusted basis).The company's Supply ...
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NewsStricter air cargo monitoring "not a concern"
From left to right: Airforwarders Association executive director Brandon Fried; cargo.one chief executive Moritz Claussen; Turkish Cargo cargo vice president Americas Salih Kamil Salihoğlu; UPS vice president Susana Pereira; and Southwest Airlines managing director of strategy & business services Michelle Williams. Photo: IATAAir cargo stakeholders are not concerned about the ...
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News
UPS wins US postal air cargo contract
UPS has been awarded a contract by the United States Postal Service (USPS) to become its primary air cargo provider.The contract is effective immediately, but there will be a transition period as UPS takes over from FedEx, which has had a long-term mail contract with USPS.This new contract will see ...
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NewsKessler takes up new role at UPS
Source: UPSUPS has announced that it has named Markus Kessler as its country cluster manager for the UK, Ireland, Sweden, Denmark, Norway, Finland and Iceland.He will be responsible for overseeing small package operations and driving business development and strategy in the region.The area is home to some of UPS’s most ...
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NewsQatar Cargo set to exit 747-8F operations as UPS takes aircraft
Source: Matheus Obst/ Shutterstock.comQatar Airways Cargo looks set to offload its two Boeing 747-8 freighters with UPS adding the two jumbos.Speaking following the announcement of its quarterly results, UPS chief financial officer Brian Newman confirmed that it had acquired two 747-8Fs "through Qatar".Newman said the aircraft additions were part of ...
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News
UPS to cut 12,000 jobs as market downturn bites
UPS has announced it will cut more than 12,000 jobs as part of efforts to reduce costs in light of continuing market weakness.The express giant's chief executive Carol Tomé said the job cuts would save the company $1bn per year. UPS is also considering selling its Coyote truck brokerage business.Most ...
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NewsUPS still struggles with revenues in Q4
UPS revenues in the fourth quarter dropped nearly 8% year on year as volumes fell in both the domestic and international segments.The express giant announced consolidated revenues of $24.9bn in the fourth quarter of last year, a 7.8% decrease from the fourth quarter of 2022.Meanwhile, consolidated operating profit was $2.5bn, ...
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NewsDHL, FedEx and UPS face India competition probe
Source: Worawee Meepian/shutterstockDHL, FedEx and UPS are under investigation by the Competition Commission of India (CCI) over alleged antitrust violations.Newswire Reuters reported that the local units of the three express giants were the focus of an investigation following a complaint from the Federation of Indian Publishers.According to the report, the ...
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News
UPS to end day sort at Louisville facility as volumes weaken
UPS will cut the day sort at its Louisville Centennial Hub (LCH) in its latest response to weaker package volumes.The closure of the sort is expected to result in some job losses, although at this stage it is unclear how many positions will go.The LCH facility handles ground shipments while ...
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Insights
Putzger perspective: Collaborating to solve industrial strife
For about 24 hours it looked as though two of the three largest integrator air hubs in the US could be hit by work stoppages right in the finale of the seasonal shopping frenzy. Ground workers at DHL’s Americas hub at Cincinnati/Northern Kentucky International airport had downed tools on Thursday, ...
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InsightsA new era for the Regional Air Cargo Carriers Association
The end of 2023 marked the end of an era. After two decades at the helm, Stan Bernstein, founding president of the US Regional Air Cargo Carriers Association (RACCA), handed over the baton to his successor, Jim Goddard of Cape Air. A lifelong aviation aficionado, Bernstein entered the industry as ...