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President Biden is hopeful that the recently signed Ocean Shipping Reform Act of 2022 (OSRA) will be a turning point for "the consumer price that hit a new 40-year high this month," according to Supply Chain Dive.
As more carriers continue to evaluate their last-mile delivery costs and customer experience for areas of improvement, UPS put "their money where their mouth was" by purchasing leading software-as-a-service technology Delivery Solutions.
Effective on May 11, 2022, UPS Inc has successfully moved from an A-minus rating to an A, according to Standard and Poor's rating requirements.
