Items tagged with (NYSE:UPS)
Amazon may have had an 'Aha!' moment, and that could be bad news for FedEx and UPS, the two delivery services the online retailer leans on to ship packages to customers in a timely manner—within two days on many items, for Prime members. In what could be a damaging blow (another one) to both shipping companies, Amazon has begun testing its own delivery service for items that qualify for free two-day shipping, on so-called last-mile routes. This does not mean that Amazon would cut FedEx and UPS loose entirely, though it would push the world's largest online retailer deeper into the same category—shipping services. This is something Amazon kicked off two years ago in India and has been slowly trying...
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Shippers like UPS and FedEx are looking for new ways to make the package delivery process more efficient as volume and costs increase across the board. For its part, UPS just showed off a new drone delivery system in Tampa, Florida that will allow the company to potentially reap millions of dollars in savings The HorseFly UAV Delivery drone, which was developed by Workhorse, resides in a compartment within the roof of UPS’ iconic brown delivery vehicle. A trap door within the ceiling allows the UPS driver to access the drone’s bottom-mounted delivery cage, into which they can place a small package. So, while the driver is off on foot making delivers, the drone can fly a few blocks...
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Life certainly has become complicated ever since we stopped bartering goods and services with our neighbors in favor of using cash and credit. Think you're safe to go shopping with your debit card at a major retailer? You'd be mistaken -- according to an advisory put out by the Department of Homeland Security, over 1,000 American businesses have been infected by a cash register malware intended to steal your personal information. The Point of Sale (PoS) malware is called "Backoff" and so far it's given remote attackers the ability to harvest data from millions of credit and debit cards from consumers without the companies knowing of its existence. At first, Backoff was thought to have only affected...
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If you were waiting in vain for UPS to arrive with your last-minute holiday packages only to see the magic day pass without the big brown truck stopping at your house, you’re not alone. UPS was overwhelmed by holiday shipping traffic. The company blames factors such as a higher-than-expected volume of packages and rough weather around the country. UPS expected some 132 million deliveries for last week, but without disclosing how many there actually were, UPS spokesperson Natalie Black said “obviously we exceeded that”. (Credit: Reuters/Carlos Allegri) UPS is busily catching up, and customers who had delivery guarantees may be getting some refunds, and Amazon customers--in particular...
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