Volkswagen AG and Ford Motor Company today announced the first formal agreements in a broad alliance that positions the companies to boost competitiveness and better serve customers in an era of rapid change in the industry. Volkswagen CEO Dr. Herbert Diess and Ford CEO Jim Hackett confirmed that the companies intend to develop commercial vans […]
UPS is pleased that the UPS Freight agreement with the International Brotherhood of Teamster (IBT) has been ratified. It is an agreement that rewards our employees for their contributions to the success of the company, while enabling UPS to remain competitive. We will resume normal operations and will immediately begin accepting new volume from UPS […]
Stagecoach Group plc (“Stagecoach”) is pleased to announce that it has entered into an agreement to sell its North America Division to an affiliate of Variant Equity Advisors, LLC (“Variant”) (the “Disposal”), for an estimated enterprise valuation of US$271.4m. The cash proceeds will be used to reduce Stagecoach’s consolidated net debt. The Disposal is expected […]
Attaining environmental benefits and lower cost of ownership are driving more commercial fleets to electrify, according to a UPS (NYSE: UPS) and GreenBiz study released today. In the “Curve Ahead: The Future of Fleet Electrification” report, industry leaders identify the main motivations and barriers to electrification, as well as strategies to move the commercial electric […]
WASHINGTON — Small business leaders increasingly view U.S. participation in global trade as the way to improve the overall economy and create American jobs, according to results of the fourth FedEx Trade Index(1), a survey of more than 1,000 small business leaders which tracks the impact of international trade among the small business segment of […]
The UPS Foundation, which leads the global citizenship programs for UPS (NYSE:UPS), today announced it will award over $10 million in grants to advance diversity and inclusion programs this year. The grants will be awarded to 44 different organizations. They will help support programs focused on economic empowerment, education/scholarships, work training, and social and gender […]
MEMPHIS, Tenn., FedEx Corp. (NYSE: FDX) announced today that John A. Smith has been named President and CEO of FedEx Freight effective August 16, 2018. Smith, 56, currently serves as Senior Vice President of Operations at FedEx Freight, a subsidiary of FedEx Corp. Smith will succeed Michael L. Ducker, whose pending retirement was announced earlier […]
Illinois’ transportation infrastructure will receive a $103.6 million boost from Union Pacific Railroad in 2018. The company’s planned private investment will enhance safety, operating efficiency and support customer service. Union Pacific builds and maintains its track without taxpayer funds and its trains reduce traffic on Illinois’ congested highways. A single Union Pacific train can carry […]
UPS (NYSE:UPS) is launching a daily non-stop flight from its Worldport® global air hub in Louisville, KY., to Dubai, UAE, improving time-in-transit from North and South America to key destinations in the Middle East by a full business day. The flight, operated with one of UPS’s new 747-8F freighters, is part of the build out […]
The UPS Store, Inc., the nation’s largest franchise system of retail shipping, postal, print and business service centers, is once again ranked among the top franchise brands according to Entrepreneur Magazine’s annual Franchise 500 list. The company is ranked fourth– but first in its category – for the second year in a row – its […]
