UPS has acquired specialist international and temperature-controlled load broker Freightex for an undisclosed sum, and will merge it with Coyote Logistics – a similar business in North America that UPS acquired in August 2015. Tim Phillips, Freightex chief executive, will remain with the business – which will operate as a wholly-owned subsidiary of UPS, which said that there was a “significant cross border opportunity” to “expand UPS’s existing carrier base to create more value for customers and carriers from the […]
A nationwide strike ballot is to be held at UPS depots nationwide according to union Unite, after talks to resolve workers’ claims of unreasonable workloads proved unsuccessful.
The European Commission (EC) believes “substantial remedies are needed” before the proposed takeover of TNT Express by UPS can be cleared. In a merger review speech made on Friday (2 November), Joaquín Almunia, EC vice-president responsible for competition, said that “serious competition concerns would arise” if it went ahead without revisions. Last month the EC revealed that approval would only come if the resulting company would be challenged enough by other parcel firms. TNT Express and UPS have since received […]
UPS is boosting the number of electric vehicles it runs from its central London depot from 65 to 170, after installing technology that marks the beginning of the end for the combustion engine.