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 […]
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.
More than three quarters of UK consumers say reliable delivery is there number one priority, according to a report from UPS.
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 […]