Following a transition period, UPS will move the majority of the United States Postal Service's air cargo in the U.S.
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The parcel delivery giant's $9 billion "Network of the Future" initiative will involves 63 sortation sites with major automation projects.
UPS plans to cut 12,000 jobs this year to realize $1 billion in cost savings after both domestic and international volumes have suffered.
Meanwhile, headcount is expected to scale from an initial 200 to about 500.
In a ruling that may allow UPS to grow its drone operations, the FAA has granted the company permission to operate delivery devices beyond visual line-of-sight regulations.
A tentative 5-year deal has been reached with UPS's 340,000-member union, likely averting a nationwide strike. See our full recap of the deal and the contingency plans several distributors had prepared.
Negotiations between UPS and the union representing about 340,000 employees stalled July 5 after the parties failed to reach a deal on pay.
The increase in shipping rates comes amid a slew of changes for UPS in 2023.
