We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
United Parcel (UPS) Commences Louisville Hub Expansion
Read MoreHide Full Article
United Parcel Services, Inc. (UPS - Free Report) has initiated expansion of its Louisville Centennial Hub, which has been operational since May 2008. The expansion project, estimated at around $300 million, will increase the size of the hub to 838,000 square feet and result in creation of 300 full and part-time jobs. Additionally, sorting capacity will get almost doubled to 85,000 from 40,000 packages per hour.
Importance of the Hub
The Louisville Hub had been set up in 2007 during United Parcel’s centennial year. It is an important transfer point for package shipments to locations beyond Kentucky in addition to serving customers in Louisville and nearby counties. Moreover, being close to the company’s Worldport air hub at Louisville International Airport, the hub allows package drop off at the air operations point till 1.30 a.m.
Expansion Plans
The company will carry out expansion work in three phases through 2020. Along with capacity expansion, operational efficiency will also increase as the hub’s conveyor technology will be upgraded and automated. The transformation will increase package flow through the building and improve sorting accuracy by capturing data and sending packages to the required location for shipments. The company will also introduce six-sided decode tunnels to the facility for quick information capture from address labels. “Smart labels” will be placed on the packages to improve their accuracy and integrity in addition to reducing transit time for United Parcel customers. The overall quality enhancement and improvement in operations is expected to benefit the company substantially.
Zacks Rank and Stocks to Consider
United Parcel currently carries a Zacks Rank #3 (Hold) Better-ranked stocks in the transportation space include Air Transport Services Group Inc. (ATSG - Free Report) , Copa Holdings SA (CPA - Free Report) and ANA Holdings Inc. (ALNPY - Free Report) , all carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
United Parcel (UPS) Commences Louisville Hub Expansion
United Parcel Services, Inc. (UPS - Free Report) has initiated expansion of its Louisville Centennial Hub, which has been operational since May 2008. The expansion project, estimated at around $300 million, will increase the size of the hub to 838,000 square feet and result in creation of 300 full and part-time jobs. Additionally, sorting capacity will get almost doubled to 85,000 from 40,000 packages per hour.
Importance of the Hub
The Louisville Hub had been set up in 2007 during United Parcel’s centennial year. It is an important transfer point for package shipments to locations beyond Kentucky in addition to serving customers in Louisville and nearby counties. Moreover, being close to the company’s Worldport air hub at Louisville International Airport, the hub allows package drop off at the air operations point till 1.30 a.m.
Expansion Plans
The company will carry out expansion work in three phases through 2020. Along with capacity expansion, operational efficiency will also increase as the hub’s conveyor technology will be upgraded and automated. The transformation will increase package flow through the building and improve sorting accuracy by capturing data and sending packages to the required location for shipments. The company will also introduce six-sided decode tunnels to the facility for quick information capture from address labels. “Smart labels” will be placed on the packages to improve their accuracy and integrity in addition to reducing transit time for United Parcel customers. The overall quality enhancement and improvement in operations is expected to benefit the company substantially.
Zacks Rank and Stocks to Consider
United Parcel currently carries a Zacks Rank #3 (Hold) Better-ranked stocks in the transportation space include Air Transport Services Group Inc. (ATSG - Free Report) , Copa Holdings SA (CPA - Free Report) and ANA Holdings Inc. (ALNPY - Free Report) , all carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>