UPS tests 'smart lock' technology in New York apartment buildings [Reuters]
United Parcel Service, Inc. (UPS)
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Source: Reuters
UPS tests 'smart lock' technology in New York apartment buildings | Reuters 3 Min Read LOS ANGELES (Reuters) - United Parcel Service Inc ( UPS.N ) on Tuesday said it is testing “smart lock” technology that allows its delivery drivers to open doors and drop multiple packages at secure locations inside apartment buildings around New York City.The test includes “hundreds of non-doorman” multi-family buildings in Manhattan and Brooklyn that have installed Latch’s “smart access system.” The project comes as UPS is working to make “last-mile” e-commerce deliveries to households more convenient and cost effective by reducing package theft and the need for drivers to make repeated delivery attempts. “It’s difficult to securely deliver packages in high-density, multi-family urban residences, especially when people are not at home,” said Jerome Roberts, vice president of global product innovation at UPS. The partnership with Latch - a New York City-based startup that has raised $26 million in
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UPS
News
- United Parcel Service: Logistics Leader Still In The Bargain Bin [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $170.00 price target on the stock.MarketBeat
- United Parcel Service: I See Persisting Profit Pressure Ahead [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Bank of America Co. from $157.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at BMO Capital Markets from $165.00 to $169.00. They now have a "market perform" rating on the stock.MarketBeat
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website