UPS is getting "ready to rock and roll" in order rev up for a 60 percent increase in shipping expected over the holiday season, CMO Kevin Warren told Cheddar Tuesday.
On Thanksgiving Day alone, almost 40 million people are expected to shop. The National Retail Federation, a trade group, said holiday retail sales could reach as much as $730.7 billion. After shoppers take advantage of retailer sales, shipping companies like UPS have to transport goods from buyer to seller.
"Normally, on average, we do about 20 million packages a day … but during the peak season, peak up to about 32 million," Warren said.
Warren said the company has to scale up in terms of technology and manpower to take on the influx of orders.
Though UPS has to focus on getting orders out and delivering them on time, the company is also investing in new technology to stay ahead of the curve, Warren said.
In addition to speeding up ground shipping and offering extended weekend hours to handle the holiday shopping, UPS is developing better ways to use sensors and data analytics. With new sensor technology, Warren said the company will be able to track packages that are "time-sensitive," such as medicine
UPS also obtained the FAA's first full approval for drone deliveries in early October. Last month, the company completed its first successful drone delivery of a medical prescription from a CVS. Warren says the company plans to launch the new service next year.
Elon Musk may not have founded Tesla, but he has become the company, and it’s become him. Now sales are plummeting. Is he toxic for the Tesla?
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
Europeans upset with Elon Musk still aren’t buying his electric cars, adding to a long losing streak for his company.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income compared to a year ago.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Netflix CEO Ted Sarandos claims audiences don't want to watch Netflix movies in theaters, but that seems not to be the case recently.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Load More