UPS announced today it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion. Carol B. Tomé, UPS Chief Executive Officer said: “As UPS positions itself to become the premium small package provider and logistics partner in the world, the decis...

UPS announced today that it has entered into an agreement to acquire Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company that enables frictionless, no-box, no-label returns for merchants and consumers. “We know that returns have long frustrated sho...

UPS today appointed Bala Subramanian, 50, to the newly created position of Executive Vice President and Chief Digital and Technology Officer. Effective July 18, Bala will report to Chief Executive Officer Carol B. Tomé and join the UPS Executive Leadership Team with responsibility for technology...