UPS Inc. announced it has agreed to buy truckload brokerage Coyote Logistics for $1.8 billion to expand its presence in the non-asset-based sector. The package carrier, which already has a small truckload brokerage as well as international brokerage and forwarding businesses, said in a statement that closing is expected within 30 days. Private equity company Warburg Pincus is selling the business that had $2.1 billion in sales last year and ranks No. 39 on the Transport Topics Logistics 50.
TDU in Action at UPS
"UPS management is getting leaner and meaner. Supervisors are harassing members and pushing numbers, numbers, numbers. TDU's UPS Network is the best source of information to protect yourself, period."
Craig Karnia, Local 705, Chicago
Have a question or a comment? Click here to send a question to the TDU UPS Network.
UPS Resources from TDU
United Parcel Service Inc. is in talks to buy Coyote Logistics LLC, a provider of transportation and shipping services, according to people familiar with the matter.
UPS Inc. said it will buy 46 million gallons of renewable diesel over three years, 15 times greater than prior contracts, as the company seeks to further reduce carbon emissions. In its statement, the package company said the move will enable it to buy more than 12% of ground fuel from alternative sources within two years and become “one of the largest users of renewable diesel in the world”.
July 28, 2015: UPS profits for the second quarter went up, even though revenue is down. The company is squeezing more profits out of every package and every worker.
UPS Inc. announced it is making collision-mitigation technology from Bendix Commercial Vehicle Systems standard equipment on every Class 8 tractor the company orders. Atlanta-based UPS plans to take delivery of more than 2,600 new tractors this year. The technology includes lane-departure warnings, electronic stability control and air disc brakes. The systems also can alert drivers to objects in front of the tractor and to moving objects around the vehicle.
July 1, 2015: The UPS Package Division has launched a public campaign to call on UPS to drop its support for the American Legislative Exchange Council (ALEC), because of ALEC’s extreme anti-union and anti-worker lobbying.
May 20, 2015: What to Do When UPS Management Puts a Target on Your Back.
May 20,2015: Is management handing out excessive discipline for misloads or missorts? Here are some steps you can take to protect yourself and other Teamsters.
Law360, Los Angeles (April 23, 2015, 8:16 PM ET) -- The Ninth Circuit affirmed a lower court’s punitive damages award of $6.6 million to a former employee of United Parcel Service Inc. who had alleged wrongful termination in connection with a previously filed overtime class action suit, ruling that the evidence was sufficient to support the jury’s verdict.