UPS (NYSE: UPS) announced today that Brian Newman, executive vice president and chief financial officer, will leave the company on June 1. UPS will evaluate internal and external CFO candidates to identify Newman’s successor. “On behalf of the company and the entire Board of Directors, I thank Brian for his significant contributions to UPS,” said Carol Tomé, UPS chief executive officer. “Brian has been a great partner, having guided the company through unprecedented economic conditions. He is … [Read more...] about UPS Chief Financial Officer Brian Newman to depart
UPS
UPS starts Auto-Cargo trials at East Midlands
UPS and Aurrigo have announced a project to deploy Auto-Cargo, an autonomous electric vehicle designed to move heavy loads to and from aircraft, at East Midlands Airport. UPS said the autonomous technology will enable the limited numbers of security-cleared drivers to perform other roles around the airport, with the target of achieving zero tailpipe emissions. The vehicle can transport a standard full-size cargo pallet or two half-size standard containers or unit load devices (ULD) up to a … [Read more...] about UPS starts Auto-Cargo trials at East Midlands
UPS Singapore widens capacity at Changi
UPS has expanded its operations hub at Changi Airport in a move that will almost double the amount of packages the facility can process each day. UPS said the expansion, which sees the overall size of its hub extended by 25 percent, will allow the company to process 40 percent more import packages, whilst speeding up delivery times to almost 5,000 additional postal codes across the country Export processing capacity meanwhile is up 45 percent, with extended pick-up cut-off times for all … [Read more...] about UPS Singapore widens capacity at Changi
UPS tops up order for Boeing’s 767 freighters
American logistics integrator UPS has placed an order for eight more 767 freighters from Boeing as the integrator looks to modernize its fleet in view of efficiency, sustainability and reliability. The incremental order will increase the carrier’s fleet of 767 freighters to 108, along with 238 Boeing heritage freighters like the 747, 757, 767 and MD-11. UPS, who was the launch customer of the 767 freighter in 1995, will begin taking delivery of the new airplanes in 2025. The top-up … [Read more...] about UPS tops up order for Boeing’s 767 freighters
UPS adds capacity in Asia with BKK-SZX service
UPS has launched a new service from Suvarnabhumi Airport in Bangkok (BKK) to its intra-Asia Hub in China’s Shenzhen airport (SZX), which will operate five times each week. The move comes as the logistics integrator foresees growing cross-border trade between Thailand and other major markets in the region, which it says could double to over US$550 billion by 2030. Data from the company, which look at key opportunities to unleash intra-Asia trade potential, show a strong manufacturing sector … [Read more...] about UPS adds capacity in Asia with BKK-SZX service
UPS appoints new director for Singapore, Malaysia
UPS has announced the appointment of Chika Imakita as its managing director for Singapore and Malaysia, who will lead the company’s express delivery, logistics operations and strategic growth initiatives across both markets. The former marketing director for south Asia Pacific joined UPS as an intern at the company’s global headquarters in Atlanta in 1999. She has since accumulated experience in international marketing, business planning, revenue management, pricing, product development, … [Read more...] about UPS appoints new director for Singapore, Malaysia
