Related: Online Retailers Averaged 1 Million Returns in December
UPS to Spend $7B to Upgrade Delivery Network
UPS will invest $7 billion over the next three years to upgrade its delivery network, including acquiring fleet vehicles and aircraft, to better manage heavier holiday activity.
by Staff
February 3, 2018
Photo courtesy of UPS.
1 min to read
Photo courtesy of UPS.
UPS will invest $7 billion over the next three years to upgrade its delivery network, including acquiring fleet vehicles and aircraft, to better manage heavier holiday activity.
The funds will also be spent to build and renovate facilities and enhance information technology platforms to support the network. An additional $5 billion will be used to increase pension funding. The total investment is designed to enhance shareholder value, according to a release.
UPS partly attributed the move to the Republican-backed Tax and Jobs Act approved by President Trump and Congress in late 2017.
"Tax reform is a tremendous catalyst," said David Abney, UPS chairman and CEO. "We will continue to evaluate additional actions that benefit customers, employees and shareowners as we progress further in the year."
On Feb. 1, UPS ordered 14 Boeing 747-9 cargo gets and four Boening 767 aircraft to support the company's air services. The company expects deliver of the new aircraft by the end of 2022.
More Operations
Avis Budget Group Deploys Neology Toll Management Technology Across Major Brands
Neology’s neoFleet platform will manage toll transactions and toll-authority operations for vehicles across Avis, Budget, Payless, Budget Truck and Zipcar.
Read More →
Fleet Personal-Use Charges Edge Higher in 2026
Nearly eight in 10 surveyed fleets allow personal use of company vehicles, while just over half of respondents report charging employees for the privilege.
Read More →
The Future of Fleet + What’s Changing Right Now | AF News Recap
Could developments overseas offer a preview of what’s coming for U.S. fleets? This week, we’re looking at the future of AI, autonomy, and electrification, plus Ford Pro’s new certified pre-owned program, smarter vehicle offboarding, and a new way for fleets to manage toll expenses.
Read More →
How to Handle Vehicle Offboarding
What do fleet managers need to do when a driver leaves?
Read More →
Sponsored•October 1, 2026
Fleet Manager’s Ultimate Playbook: Navigating the New Standard in OEM Connectivity
Rising operating costs, driver safety concerns, and unplanned downtime are putting unprecedented pressure on modern fleets. Discover how fleet managers use embedded OEM connectivity and real-time vehicle data to cut TCO, prevent downtime, and protect drivers without aftermarket telematics hardware.
Read More →
U.S. Bank Adds Verra Mobility Toll Management to Voyager Fleet Platform
The integration allows U.S. Bank Voyager fleet customers to manage toll payments and violations alongside fuel, EV charging and maintenance expenses.
Read More →
ADAS Prevents Crashes. But Repairs Cost More | AF News Recap
ADAS-equipped vehicles may crash less often, but they can cost more when they do. This week, we’re breaking down what that tradeoff means for fleets, plus Subaru’s first Forester Wilderness Hybrid, Nissan’s new e-POWER Rogue, and why Calstart has become Catalyst Mobility.
Read More →
Moventum Fleet Management Names Mark Iorillo Head of Sales
Iorillo brings nearly 20 years of fleet management and sales experience to the role, including previous positions at Element Fleet Management, CEI, Donlen and Ryder.
Read More →
Fleet Has a Talent Pipeline Problem. What Comes Next? | AF News Recap
Where will fleet’s next generation of leaders come from? This week, we’re looking at the industry’s talent pipeline, what certification can add to a fleet career, how to build an award-worthy track record, and the return of Automotive Fleet’s Personal Use Survey.
Read More →
Smith System Launches Driver Risk Management Program
Fleets have more driver data than ever, but identifying risky behavior doesn't necessarily correct it. Smith System's new Driver Risk Management program combines monitoring, training, and follow-up coaching to help fleets connect risk signals with driver intervention.
Read More →