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Industry News UPS News

Amazon And UPS Are Betting This Electric Aircraft Startup Will Change Shipping – Forbes

Harvard grad and former pro hockey player Kyle Clark’s startup Beta is on the verge of bringing workhorse battery-powered cargo planes to America’s skies that can take off and land like helicopters.

When he played minor league hockey in the early 2000s, Kyle Clark says his teammates would spend the long bus rides talking about the drugs they’d taken last night and who’d brought a hooker into their hotel room. Clark, a bruising 6-foot-6 enforcer, would bury his nose in textbooks on how to build airplanes. Pretty nerdy – but he’d even stood out as an engineering egghead in the locker room at Harvard, where his teammates had nicknamed him Beta.

Clark never made the NHL, but 20 years later, his startup Beta Technologies is valued at a billion dollars and is on the cusp of making the major leagues with Alia, a potentially groundbreaking electric aircraft.

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Industry News UPS News

Why This Investor Prefers UPS Over FedEx Stock – Markets Insider

United Parcel Service Inc (NYSE:UPS) is moving higher Wednesday following bullish analyst coverage.

What Happened: UBS named UPS a top pick for 2022 and reiterated its Buy rating and price target of $266 and Citigroup upgraded UPS from a Neutral rating to a Buy rating and raised the price target from $245 to $250.

Wright’s Take: “UPS is doing an amazing job,” Decatur Capital Management’s Degas Wright said Wednesday on CNBC’s “Fast Money Halftime Report.”

Eighty percent of the company’s revenue comes from the United States, while just 20% of revenue is generated internationally. FedEx Corp (NYSE:FDX) generates more revenue internationally, but the company is not growing earnings nearly as fast as UPS, Wright said.

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Industry News

Self-driving technology won’t endanger truck driver’s role, developers say – Fleet Owner

What happens to over-the-road truck drivers as we know them when an SAE Level 4 automated truck is ready for the long haul? It’s a common question that comes up in industry conversations, but autonomous truck technology developers are intent on making one message crystal clear: Those interested in becoming truck drivers today can still retire as truck drivers in the next several decades.

“If a new driver wants to enter the field today, we can guarantee that he or she will retire a driver in 40 or 50 years,” Vivian Sun, VP of business development for TuSimple, pointed out during the Women in Trucking Association’s recent Accelerate! virtual event.

TuSimple sees trucking’s workforce issue as threefold, Sun noted. For starters, autonomous systems could help fill current driver gaps in the linehaul space. Autonomous vehicle (AV) technology will be rolled out in phases as operational kinks continue to be worked out. Finally, there always will be a need for drivers, though that role may look different years down the road, Sun said.

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Industry News UPS News

Shipping costs are rising—here’s advice on how to save this holiday according to The UPS Store president – CNBC

The holiday season is in full swing, but this year is presenting revelers with several challenges. Amid rising costs and supply-chain constraints, shipping will be more expensive and potentially face extended delays.

Estimates from the State of Holiday Shipping report from LateShipment.com indicate between 16% to 20% of packages shipped with UPS and FedEx will not arrive on time during the 2021 holiday season. And this has many Americans worried, as Loqate’s 2021 Holiday Shopper Insights Report found 80% of consumers are concerned with packages arriving in time for their celebrations.

Shipping prices are going up as well. USPS, FedEx and UPS are all raising prices this holiday season to meet demand, make up for rising operating costs and keep pace with inflation.

Fortunately, with careful planning, there are some ways to save. Ahead, Select spoke with Sarah Casalan Bittle, president of The UPS Store about what consumers can do to ensure a stress-free shipping experience this holiday season, regardless of which delivery service they choose.

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Industry News UPS News

Amazon poised to pass UPS and FedEx to become largest U.S. delivery service by early 2022, exec says – MSN

Dave Clark, CEO of Amazon’s worldwide consumer business, said Monday that the company is poised to become the largest U.S. package delivery service by early 2022, overtaking longstanding shipping rivals UPS and FedEx.

“We expect we will be one of the largest carriers in the world by the end of this year,” Clark told CNBC’s Becky Quick in an interview on “Squawk Box.” “I think we’ll probably be the largest package delivery carrier in the U.S. by the time we get to the end of the year, if not in early ’22.”

Amazon has been steadily building up vast logistics and fulfillment operations since a 2013 holiday fiasco left its packages stranded in the hands of outside carriers.