Category: UPS News

Twenty-eight percent of the United Parcel Service’s (UPS) voting shareholders voted “yes” on a proposal urging the Atlanta-based package delivery company to reduce its significant carbon footprint. The vote count, announced after the company’s May 5th annual meeting, comes just weeks after Environment America sent nearly 9,000 petitions urging UPS to electrify its delivery trucks to reduce global warming pollution.

“The convenience of a fast delivery shouldn’t have such an outsized impact on our planet,” said Morgan Folger, Destination: Zero Carbon campaign director for Environment America. “UPS could change that by ditching fossil fuels and committing to an all zero-emission fleet of big brown trucks. UPS could be a shipping industry leader not only in volume, but also in sustainability, if it sets targets to cut emissions across the corporation’s operations.”

Giant global companies such as UPS need to take action quickly for the world to avoid the worsening impacts of climate change. From hurricanes to wildfires and drought, the devastating impacts of global warming are repeatedly hitting home or close to it. The largest contributor to the climate crisis in the United States is transportation and UPS, with its 127,000 delivery vehicles, can have a big impact on the problem by zeroing out emissions from its ground fleet. To date, UPS has only committed to ordering 10,000 electric vehicles and doesn’t have a public plan to fully transition to electric vehicles.

Firefighters were called to UPS United Parcel Services at Birch Coppice Business Park after a methane delivery system misfired, the service said.

The injured man was airlifted to hospital for further treatment, West Midlands Ambulance Service said.

Emergency services were called to the scene on Jim Casey Way in Dordon, at about 13:00 on Tuesday.

Another man was also assessed by medics following the industrial incident and discharged at the scene, the service added.

On May 4, 2022, the Compensation and Human Capital Committee of the Board of Directors (the “Committee”) of United Parcel Service, Inc. (the “Company”) approved the United Parcel Service, Inc. Key Employee Severance Plan (the “Plan”). The following description of the Plan relates only to our principal executive officer, principal financial officer, and other currently employed named executive officers (collectively, the “NEOs”), each of whom is eligible to participate in the Plan, and is qualified in its entirety by reference to the Plan, which is incorporated herein by reference to Exhibit 10.1 to this Current Report on Form 8-K. Capitalized terms used but not defined in this description have the meanings in the Plan.

In general, the Plan will be administered by the Committee. The Plan provides for severance compensation and benefits upon certain terminations of employment of key employees of the Company, including the NEOs. The severance protections under the Plan replace cash severance benefits (if any) to which an NEO would have otherwise been entitled under their protective covenant agreements as
previously disclosed.

United Parcel Service, Inc. (NYSE:UPS) stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company’s books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company’s books on the record date. Accordingly, United Parcel Service investors that purchase the stock on or after the 13th of May will not receive the dividend, which will be paid on the 2nd of June.

The company’s next dividend payment will be US$1.52 per share, and in the last 12 months, the company paid a total of US$6.08 per share. Based on the last year’s worth of payments, United Parcel Service stock has a trailing yield of around 3.4% on the current share price of $179.92. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether United Parcel Service has been able to grow its dividends, or if the dividend might be cut.