Author: Thomas Black

UPS Inc. cut its annual profit target on a spike in costs from a new union labor contract and weaker package demand.

Union Pacific Corp. reported profit that topped analysts’ estimates, which had been adjusted down in the last month, as the railroad leaned on efficiency to make up for lower carloads and higher labor costs.

A.P. Moller-Maersk A/S, the maritime shipping giant that has been diversifying into land transportation, is betting that driverless trucks will help make deliveries more reliable.

The freight unit of Uber Technologies has tapped its vast data files to create an AI tool that can predict late shipments — and make suggestions for alternative routes.

UPS Inc. will pay out the biggest portion of its new labor pact over the next 12 months while trying to win back customers it lost during the contentious contract talks, CEO Carol Tomé said.

UPS Inc. will raise prices 5.9%, to take effect on Dec. 26.

UPS Inc. is offering a voluntary severance package for 167 pilots amid a slump in air freight volume.

UPS Inc. and its union will resume labor talks after negotiations had stalled earlier this month as the company seeks to head off a strike that could occur as early as Aug. 1.

FedEx Corp. hired John Dietrich, the former head of an aircraft leasing company, as its new chief financial officer amid a sweeping plan to restructure the package delivery giant.

UPS Inc. plans to train nonunion employees to deliver packages in the event of a labor disruption in the U.S, underscoring the potential for a strike as a crucial negotiating deadline nears.