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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 […]