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Industry News UPS News

Companies sharpen focus on security after workplace shootings – WRAL

Joe sat in his United Parcel Service truck at the company distribution center on Potrero Hill on Thursday waiting for a pickup call. He was listening to the radio about the shootings at YouTube that had erupted just two days before and still had the Bay Area rattled. He shrugged.

Nine months ago, a fellow UPS driver easily walked through the center’s doors with a pair of pistols and a box of bullets, and after gunning down three workers and wounding two others, he shot himself to death. Since then, UPS has changed guard companies and tightened up its policies on metal detectors and bag checks, several workers said.

Joe, a middle-aged driver who used an alias because he said UPS forbids workers from speaking to the media, was skeptical.

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Industry News UPS News

Amazon and UPS have been quietly fighting over the post office’s cost structure — long before Trump – CNBC

  • Amazon and UPS have been arguing over the post office’s cost structure through public filings with the Postal Regulatory Commission, the federal arm in charge of setting prices for the Postal Service.
  • The central issue is the 5.5 percent minimum “institutional” cost contribution requirement from the post office’s package business, which competes with UPS and FedEx.
  • The issue could give a competitive advantage to either Amazon or its rival package shippers.

 

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Industry News

Uber kills UberRush on-demand delivery service – Digital Trends

In a move that will likely come as no surprise, Uber has confirmed that it is shutting down its on-demand delivery service, UberRush. The service, which was conceived as an on-demand parcel delivery service for merchants, has been confirmed to be entering its final days. Tech Crunch reports that those who make use of the service have received an email informing them that UberRush will cease operations on July 30 of this year.

“We’re winding down UberRUSH deliveries and ending services by the end of June,” an Uber representative told Tech Crunch. “We’re thankful for our partners and hope the next three months will allow them to make arrangements for their delivery needs.

Overall, it seems that on-demand shipping simply isn’t ready for prime time. With the USPS, FedEx, and UPS all being well-established, it may be very difficult for start-ups to break in, whereas food delivery services are something that many restaurants can afford to outsource.

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Industry News UPS News

FedEx vs. UPS: Which Shipping Stock Is the Better Value Buy? – Zacks

Shares of both FedEx and United Parcel Service have fallen victim to the latest market-wide sell-off. However, this recent downturn isn’t likely to scare off many value investors, and it might actually make stocks like these two shipping and delivery powers look even more attractive.

FedEx and UPS have long dominated the industry that they helped revolutionize, which is now set to grow based on the expansion of e-commerce and increased demand for extremely fast shipping. The companies do face competition from Amazon and others, but the two legacy giants offer both stability and value, which look even more attractive amid this newly volatile market.

FedEx and UPS also seem to attract similar buy-and-hold investors. With that said, these same investors likely understand the value of a diverse portfolio. This means they might only want to pick one of these two shipping stocks.

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Industry News

FedEx to scan every parcel at two Texas facilities after blast – Reuters

FedEx Corp will screen every package at the Texas facility where a parcel exploded on Tuesday, according to a FedEx manager, describing extraordinary steps the company is taking in response to a series of bombings in the state capital.

The package delivery company will also X-ray entire truckloads of parcels at its sorting facility outside Austin, and then divert them elsewhere for sorting and delivery, said the FedEx employee who was not authorized to speak on the record. The source does not work at the sorting facility but was briefed on the situation.

FedEx spokesman Jim McCluskey said he had no immediate comment.