UPS introduces new flat rate shipping option
In a bid to streamline and simplify outbound processes, UPS has introduced a predictable flat rate shipping option to help small and medium-sized businesses (SMBs).
The new shipping option, UPS Simple Rate, allows SMBs to ship by UPS 2nd Day, UPS 3 Day Select and UPS Ground services to any location in the US for a flat rate. UPS offers five different pricing options based on package sizes. Their mantra? Flexible packaging. Predictable pricing. A simpler solution.
“UPS responds to our customers’ need for more convenience, choice and control,” said Kevin Warren, chief marketing officer at UPS. “Simple Rate helps small businesses take the guesswork out of shipping by providing simple, fast and transparent flat rates nationwide with guaranteed on-time delivery and no special packaging required.”
When using UPS Simple Rate, customers won’t need to enter package weight and dimensions or look up shipping zones. The service allows for SMBs and consumers to use their own boxes and packaging to fit their products and make their brand experience better. UPS Simple Rate will be available all over the US, with the exception of Alaska and Hawaii. The introduction of UPS’ flat rate shipping option sees the firm compete with rivals FedEx, who launched its own One Rate option in 2012, which offers large options for shipments with a money-back guarantee.
UPS serves over 220 countries and territories worldwide and offers a range of solutions such as transporting packages and freight, facilitating international trade and deploying advanced technology to efficiently manage the world of business.
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Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany