UPS Purchases $18.3 Million in Property in Massachusetts – Transport Topics
United Parcel Service has purchased properties in Shrewsbury, Mass., and Grafton, Mass., for $18.3 million as it considers whether to build a $200 million distribution facility in the area.
The Atlanta-based package delivery company bought the properties, covering about 226 acres of undeveloped land, from three different entities, according to Nov. 15 filings in the Worcester County Registry of Deeds.
UPS was cautious in its remarks about the purchase.
“The Shrewsbury and Grafton area is one of the locations UPS is considering to further optimize our ground network across the Northeast,” the company said in an emailed statement. “The property acquisition is one of many initial steps in the feasibility and planning process for the proposed project.”
United Parcel Service, Inc. Chairman and CEO David P. Abney to Receive 2019 Horatio Alger Award – Marketwatch
Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that David P. Abney, chairman and CEO, United Parcel Service, Inc. (UPS) has been selected for membership in this prestigious organization. Mr. Abney joins 12 other exceptional business, civic and cultural leaders from across North America in receiving 2019 honors. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable endeavors throughout their lives.
Mr. Abney was raised in the Mississippi Delta, one of the poorest regions in the United States. His father sold insurance and his mother was a homemaker. Growing up in a family with modest means, Mr. Abney had limited options for higher education and career opportunity, but his parents instilled in him the value of hard work and persistence. With his own ambition and the help of a scholarship, he became the first in his family to attend college. In 1976, he earned a bachelor’s degree in business administration from Delta State University, which he and his wife, Sherry, support to this day, sponsoring the school’s annual symposium on international business.
Proposal would let Postal Service sell access to your mailbox – Marketwatch
Looking for ways to raise Postal Service revenue, the Trump administration has proposed a fundamental change to your mailbox: selling access to it to private companies.
The Postal Service could capitalize on a “highly valuable” asset by selling mailbox access to companies such as FedEx Corp. and United Parcel Service Inc. , the administration said in a report last week.
The Postal Service has been losing money for years as letter volume has declined and it has struggled with requirements that it fund retirement benefits decades in advance. It reported a net loss of $3.9 billion in the fiscal year ended Sept. 30.