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Good news from UPS may also be good news for Main Street. The Atlanta-based UPS and its main rival, FedEx, are in some ways economic bellwethers. The 15.1 million packages that UPS handles every day translate into about 6% of the U.S.'s gross domestic product and 2% of...
It's part of an evolving intermodal strategy that has environmental benefits as a by-product. For instance, UPS is now U.S. railroads' largest customer, paying a premium for the fastest trains. "Instead of putting some of our larger loads on an airplane, we can send them by truck, which...
Abroad, though, is also where UPS faces some of its biggest risk. Increasingly stringent environmental laws and rising costs for Asian labor and raw materials all make this business vulnerable. An even more immediate concern is the possibility of government-imposed tariffs or border restrictions. "Global trade is going to...
At home, UPS treads a fine line on labor costs. Unlike at FedEx, most of its workers are unionized, meaning salaries are higher. Over the years, however, this has engendered tremendous loyalty to the firm--the average tenure for drivers is 16 years. UPS will try to reward some of...
According to a new study conducted by Harvard's Berkman Center for Internet & Society, Canada has some of the slowest and most expensive Internet services in the world.