UPS has placed an order for 10,000 electric delivery vehicles with UK start-up Arrival, to be deployed across its US and European fleets. It has also revealed its venture capital arm, UPS Ventures, has completed an undisclosed ‘minority investment’ in the tech firm. The global parcel giant will work with Arrival to develop a wide range of electric vehicles with Advanced Driver Assistance Systems (ADAS). This technology is designed to boost safety and operating efficiencies, including the potential for automated […]
A consortium of companies, including Yodel, Menzies Distribution and UPS Healthcare, are managing the collection and delivery of Covid-19 home testing kits into laboratories.
UPS has pulled out of its €5.16bn offer for TNT Express – in a deal that would have created a business with a combined annual turnover of £1.3bn in the UK – blaming European Commission (EC) concerns with the acquisition. The proposed merger is expected to be prohibited by the EC, the parcel giants warned in joint statements this morning (14 January). TNT said UPS sees “no realistic prospect” that it will receive EC clearance and will formally terminate the […]
A Leicestershire haulage firm said its decision to install cameras to its fleet had been vindicated after a driver was cleared of writing off a £180,000 Lamborghini.