🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

UPS tests 'smart lock' technology in New York apartment buildings

Published 07/17/2018, 09:03 AM
Updated 07/17/2018, 09:10 AM
© Reuters. The logo of United Parcel Service is seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry
FDX
-
AMZN
-
WMT
-
UPS
-

By Lisa Baertlein

LOS ANGELES (Reuters) - United Parcel Service Inc (N:UPS) 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 private funding - enables UPS drivers to open entry doors with a handheld device that has a different access credential for each building on a route. Every time a driver enters a building, Latch creates a traceable record.

Derek Banta, UPS's director of global product innovation concepts, said the parcel delivery company will assess the potential cost savings from "completing more deliveries on the first attempt."

UPS, the world's largest package delivery company, and rival FedEx Corp (N:FDX) have invested billions of dollars to upgrade their networks to handle surging demand for e-commerce deliveries. Residential deliveries typically cost more than business deliveries because drivers usually drop more packages per stop at offices than at homes.

FedEx told Reuters it began testing smart lock technology in select markets before the winter holiday shipping season last year. FedEx declined to identify the test markets or its smart access technology partner.

Latch a year ago teamed up with Walmart Inc's (N:WMT) Jet.com e-commerce site to test its technology at 1,000 residential buildings in Manhattan and Brooklyn. Walmart also made waves in September when it started dropping packages inside homes - or groceries inside refrigerators - as part of a test with August Home smart lock customers in Silicon Valley.

© Reuters. The logo of United Parcel Service is seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry

Amazon.com (O:AMZN) late last year announced a secure-lock service called Amazon Key that enables Amazon Logistics delivery workers to briefly unlock a customer's door to drop a package inside.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.