BB&T Capital Markets Analyst Kevin Sterling says United Parcel Service, Inc. (UPS) is leading the pack in terms of technology investments. He says the company is looking to tackle the opportunities and challenges of e-commerce with things like its ORION software.
“ORION is a mapping software which essentially helps drivers reduce empty miles, maximizing their effectiveness and utilization throughout the day,” he says. “A reduction of one mile per driver per day at UPS can save the company $50 million a year.”
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Sterling says UPS believes ORION will be able to reduce by 100 million miles annually the distance driven by its drivers and result in a 100,000 metric ton reduction in CO2 emissions, which is equivalent to taking 21,000 passenger cars off the road for a year.
“In my opinion, the companies that invest in technology will be, as Charlie Sheen would say, ‘Winning,’” Sterling says.
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