Nando Cesarone News Today

The shine hasn't worn off of UPS's new distribution center in Oklahoma City yet the logistics giant plans to close facilities in favor of automation.

Portending a jobs bloodbath, UPS CEO Carol Tomé confirmed the company would be automating “everything.”

The parcel delivery giant's $9 billion "Network of the Future" initiative will involves 63 sortation sites with major automation projects.

UPS told investors it is leaning into automation and robotics to increase parcel capacity, which in turn will allow the company to operate fewer physical facilities. The post UPS to close 200 sort centers in modernization push appeared first on FreightWaves.

Public Employees Retirement Association of Colorado cut its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,237 shares of the transportation company’s stock after selling 6,078 shares during the quarter. Public Employees […]

Public Employees Retirement Association of Colorado lowered its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 5.1% in the second quarter, HoldingsChannel.com reports. The fund owned 113,237 shares of the transportation company’s stock after selling 6,078 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in United Parcel Service were […]

Texas Capital Bank Wealth Management Services Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 18.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,663 shares of the transportation company’s stock after […]

Texas Capital Bancshares Inc. TX raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,044 shares of the transportation company’s stock after buying […]

Swiss National Bank cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,612,300 shares of the transportation company’s stock after selling 284,000 shares during the period. Swiss National Bank’s […]

Swiss National Bank lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,612,300 shares of the transportation company’s stock after selling 284,000 shares during the quarter. Swiss […]