UPS Brazil has obtained an Authorized Economic Operator (AEO) certification by Brazil’s Tax Authority, Secretaria da Receita Federal. Aiming to ensure better security and facilitation of global supply chains, the AEO certification allows UPS to offer its customers faster transit through customs, providing them value that can make them more competitive.
Business is built on relationships, and for many small business owners, cultivating those connections is critical. According to a recent survey* conducted by The UPS Store, Inc., networking and marketing are two of the most important areas for growth for small business owners. Two-thirds of the small business owners surveyed agreed that it is important to form strong relationships with other small business owners and 75 percent revealed there are opportunities to expand their marketing efforts.
UPS® (NYSE: UPS), is proud to have been named among the 2016 Best-of-the-Best Top 30 Corporations for Inclusion by the National Business Inclusion Consortium (NBIC). The recognition acknowledges UPS’s outstanding commitment to employee and supplier diversity and inclusion across community sectors.
The Memphis-based parcel delivery service said the $4.8 billion acquisition of Europe’s third-largest delivery company entered the home stretch with approval by Ministry of Commerce People’s Republic of China. The acquisition is expected to close by June 30.
The company, which withdrew from the $17.8 billion pension fund as part of a collective bargaining agreement with the International Brotherhood of Teamsters at the end of 2007, might also be required to pay between $3.2 billion and $3.8 billion in benefit payments if the benefit reduction is approved by the Treasury Department.
A “backstop agreement” in that CBA stated that in the event “at some point in the future if Central States ever lawfully cut benefits to that group, UPS would provide a supplemental retiree benefit,” UPS spokesman Steve Gaut said. “As a result of that backstop agreement now, we are potentially liable for a future payment to those (UPS) employees that are retirees that are eligible, associated with what that benefit cut turns out to be,” Mr. Gaut said.