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United Parcel Service Inc. plans to build a new $70 million distribution facility in Round Rock after city leaders approved an incentive package to lure the shipper.
In order to receive those incentives, UPS is required to spend $70 million to buy the land, build the facility and hire the equivalent of 314 full-time workers.
United Parcel Service, the world’s largest package delivery company, has partnered with two other companies to test drones for delivering blood transfusions and vaccines in remote parts of Rwanda.
If all goes well, ordering drone delivery could work a lot like ordering an Uber, one of the partners said.
Through its UPS Foundation, UPS has committed $800,000 to the project with Zipline, a California robotics company; and Gavi, a Switzerland-based group that works to bring vaccines to children in poor countries, CourierJournal reported.
On going to work for UPS after his basketball career:
“I did very well with the interview process… I drove the package car… I drove the package car for six months, I kept getting promoted, promoted, and promoted, I’m at the top of my game now. In fact, I’ve been here 29 years. Today is my anniversary today… a lot of my co-workers here say, ‘You’re seven feet tall, did you ever play basketball?’ I say, ‘Yes, you can Google me…'”
United Parcel Service reported earnings last week, beating analyst estimates for the fifth consecutive quarter. Earnings reports give investors unique insights into a company’s operations, and this quarter was no exception. Here are the things United Parcel Service management wants you to know.
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.