UPS CEO praises company direction offering logistics-as-a-service

Company CultureHigh Tech / High Touch
Written By Jennifer Joslyn

UPS CEO Carol Tomé is singing praises for UPS as they move to create more value for customers and new revenue opportunities with logistics improvement. By combining digital solutions with the company’s global integrated network, Tomé believes that the company is “unstoppable.”

The UPS logistics as a service (LaaS) strategy is primarily focusing on the following: five strategic pillars: delivery density; end-to-end visibility; financial solutions; robust reverse logistics; and advanced capabilities that assist clients optimize their supply chain. The target of UPS while integrating this business strategy is small and mid-sized businesses, which offer higher profit margins than large shippers.

Read more from The Loadstar ▶

you also might like...
UPS Overcomes First-Quarter Challenges with New USPS Contract
UPS Overcomes First-Quarter Challenges with New USPS Contract

United Parcel Service (UPS) reported a disappointing start to the year with first-quarter earnings revealing a 5.3% drop in revenue and a 31.5% plunge in operating profit compared to last year.

UPS Navigates Challenges with Strategic Cost Cuts and New Contracts
UPS Navigates Challenges with Strategic Cost Cuts and New Contracts

United Parcel Service (UPS) has reported a better-than-expected quarterly profit, navigating through softer package delivery demand with strategic cost reductions and focusing on high-margin sectors.

New Delivery Surcharges by FedEx and UPS Affecting Urban Areas
New Delivery Surcharges by FedEx and UPS Affecting Urban Areas

FedEx and UPS have introduced Delivery Area Surcharges (DAS) in 82 additional ZIP codes across the US, covering nearly 1% of the population.

FedEx and UPS Tackle Tough Decisions Amidst Market Shifts
FedEx and UPS Tackle Tough Decisions Amidst Market Shifts

In the fast-paced world of logistics, FedEx and UPS are making some big changes.

UPS Expands Saturday Home Delivery Service Across Canada
UPS Expands Saturday Home Delivery Service Across Canada

Oh, Canada! UPS is launching a new Saturday home delivery service in key Canadian markets, starting with Toronto and expanding to Greater Vancouver, Montreal, Calgary, and Laval by March.

UPS Implements Staff Reductions and Shift Cuts Across Multiple States Amidst Decreased Package Demand
UPS Implements Staff Reductions and Shift Cuts Across Multiple States Amidst Decreased Package Demand

UPS is scaling back package sorting shifts and reducing staff at facilities in Connecticut, Maryland, and Oregon due to decreased demand for package delivery.

UPS Explores Strategic Alternatives for Coyote Logistics Amid Market Challenges
UPS Explores Strategic Alternatives for Coyote Logistics Amid Market Challenges

United Parcel Service (UPS) is exploring options, including a potential sale, for its brokerage unit, Coyote Logistics.

UPS Plans to Cut 12,000 Jobs in Cost-Saving Effort Amid Revenue Decline
UPS Plans to Cut 12,000 Jobs in Cost-Saving Effort Amid Revenue Decline

UPS is set to cut 12,000 jobs in a cost-saving move aimed at reducing expenses by $1 billion.

UPS and FedEx Extend Demand Surcharges Despite Lower Year-Over-Year Volumes
UPS and FedEx Extend Demand Surcharges Despite Lower Year-Over-Year Volumes

UPS and FedEx have decided to extend their demand surcharges for additional handling and large packages, despite lower year-over-year volumes.

UPS Set to Hire Over 100,000 Holiday Workers, Matching Last Year's Numbers
UPS Set to Hire Over 100,000 Holiday Workers, Matching Last Year's Numbers

UPS is gearing up for the holiday season by planning to hire more than 100,000 workers, a number consistent with its hiring levels over the past three years.

UPS-Teamsters Deal May Heighten Wage Pressure Across Logistics Industry
UPS-Teamsters Deal May Heighten Wage Pressure Across Logistics Industry

The recently ratified labor contract between UPS and the International Brotherhood of Teamsters is expected to exert wage pressure on other logistics companies, including FedEx.

UPS Attracts Job Seekers with $170,000 Driver Pay After Union Victory
UPS Attracts Job Seekers with $170,000 Driver Pay After Union Victory

Since securing a $30 billion contract over five years, United Parcel Service (UPS) has experienced a surge in interest from job seekers.

Strike Averted, but UPS Customers May Face Higher Shipping Rates After Teamsters Deal
Strike Averted, but UPS Customers May Face Higher Shipping Rates After Teamsters Deal

The Teamsters and UPS have reached a tentative labor agreement, averting a potential strike that could have disrupted the supply chain.

Unwavering Shipper Loyalty Remains Amidst Looming UPS Strike Threats
Unwavering Shipper Loyalty Remains Amidst Looming UPS Strike Threats

Despite the looming threat of a UPS strike, many companies have not shifted their package volumes to other carriers.

Potential UPS Strike Looms Large: Implications for Inflation Progress
Potential UPS Strike Looms Large: Implications for Inflation Progress

A potential strike by 340,000 unionized workers at United Parcel Service Inc. (UPS) has the U.S. economy on edge, as it could intensify two significant challenges: inflation and supply-chain disruptions.

Possibility of UPS Strike Triggers Changes in Logistics Sector as Negotiations Continue
Possibility of UPS Strike Triggers Changes in Logistics Sector as Negotiations Continue

As negotiations between UPS and the Teamsters Union continue, the possibility of a strike is already having an impact on the logistics sector.

UPS Negotiations Resume as Shippers Hope for Resolution on Part-Time Employee Pay Issue
UPS Negotiations Resume as Shippers Hope for Resolution on Part-Time Employee Pay Issue

Negotiations between UPS and the Teamsters Union have resumed after a pause, bringing hope to UPS shippers.

Potential UPS Strike Threatens Supply Chain Chaos and Economic Impact
Potential UPS Strike Threatens Supply Chain Chaos and Economic Impact

With the July 31 strike deadline approaching for Teamsters at UPS, concerns are growing about the potential impact on the supply chain and the economy.

Teamsters President Urges White House to Refrain from Intervention in Potential UPS Worker Strike
Teamsters President Urges White House to Refrain from Intervention in Potential UPS Worker Strike

Negotiations between UPS and the Teamsters union, representing 340,000 workers, have reached a standstill, with a looming July 31 deadline for a new contract.

A 10-day UPS strike could be the costliest in US history
A 10-day UPS strike could be the costliest in US history

A potential 10-day strike by UPS workers in the US could have significant economic consequences, estimated to cost the country $7.1 billion, according to an analysis by Anderson Economic Group.

Wages for Part-Time Employees Cause Stalemate in UPS-Teamsters Contract Negotiations
Wages for Part-Time Employees Cause Stalemate in UPS-Teamsters Contract Negotiations

The ongoing contract negotiations between UPS and the International Brotherhood of Teamsters have reached an impasse primarily due to differing proposals regarding part-time employee wages.

US CEP Market Experiences Shifts in Demand, Pricing Power, and Competition
US CEP Market Experiences Shifts in Demand, Pricing Power, and Competition

The US Courier, Express, and Parcel (CEP) market has seen a decline in demand and a shift in consumer spending patterns, leading to decreased package deliveries.

What can we learn from the UPS strike in 1997?
What can we learn from the UPS strike in 1997?

The 1997 UPS strike exposed the risks associated with relying on a single carrier for business operations, impacting companies across various sectors.

Nationwide Strike at UPS Looms as Union Walks Away from Contract Talks
Nationwide Strike at UPS Looms as Union Walks Away from Contract Talks

The International Brotherhood of Teamsters has declared that a nationwide strike at UPS is imminent after union negotiators abruptly left national contract talks with the company.

FedEx Anticipates No Benefit from UPS-Teamsters Negotiations
FedEx Anticipates No Benefit from UPS-Teamsters Negotiations

FedEx does not expect any significant benefits from the ongoing labor negotiations between UPS and the International Brotherhood of Teamsters, according to EVP and Chief Customer Officer Brie Carere.

ABF's latest labor agreement entails a gradual $6.50 per hour wage hike implemented by 2027 
ABF's latest labor agreement entails a gradual $6.50 per hour wage hike implemented by 2027 

ABF Freight System has disclosed the details of its recently reached tentative agreement with its unionized workforce.

UPS and the Teamsters Union have reached an agreement to install air conditioning in delivery trucks
UPS and the Teamsters Union have reached an agreement to install air conditioning in delivery trucks

Negotiators for UPS and the International Brotherhood of Teamsters (IBT) have reached an agreement to improve working conditions for UPS drivers.

Parcel consultants predict significant rate increases in 2024
Parcel consultants predict significant rate increases in 2024

Parcel consultants anticipate significant rate increases of 6% to 10% in base rates and accessorials charges for 2024.

The potential strike by UPS workers has the potential to disrupt e-commerce
The potential strike by UPS workers has the potential to disrupt e-commerce

The potential strike by UPS workers has raised concerns about the disruption it could cause to e-commerce and the broader supply chain.

UPS to Open Seven Healthcare Logistics Facilities in 2023, According to Report
UPS to Open Seven Healthcare Logistics Facilities in 2023, According to Report

UPS aims to become the leading healthcare logistics provider in the world, according to CEO Carol Tomé.

Jennifer Joslyn
Previous

Extortion and violence disrupt South African coal shipments
Next

EU’s Oil Sanctions on Russia leave some gaps