Category: UPS Press Release

The National Bar Association (NBA) presented the 2014 Maynard H. Jackson Jr. Legacy award to UPS® (NYSE: UPS) in recognition of the company’s community leadership efforts.

According to the National Bar Association, the Jackson Award is given to an honoree for “empowering the future and providing leadership of our communities as did the late Honorable Maynard H. Jackson Jr.”

The award was presented on Monday, July 28, during the NBA’s 89th annual convention in Atlanta. Teri McClure, chief legal, compliance and communications officer, accepted the award on behalf of UPS.

• U.S. Domestic Daily Packages Increased 7.4%
• International Export Shipments Climb 9.1% per Day
• Supply Chain and Freight Segment Operating Profit Grows 11%
• Full-Year Adjusted EPS Guidance Lowered to a Range of $4.90 to $5.00
• Increases 2014 Expenditures for Capacity and Peak Projects to $175M
• Recognizes Charge to Move Teamsters to Defined Contribution Healthcare Plans

PS (NYSE: UPS) today announced adjusted diluted earnings per share of $1.21 for the second quarter of 2014, a 7.1% improvement over the prior year period. E-commerce shipping in the U.S. and strong International Export growth contributed to a 7.2% increase in global package shipments.
As previously announced, the company completed the transfer of post-retirement liabilities for certain Teamster employees to defined contribution healthcare plans and recorded an after-tax charge of $665 million. On a reported basis, including this charge, second quarter diluted earnings per share decreased 57% to $0.49.

Company has added more than 1,100 ZIPs in 2014

The company will add another 766 UPS Next Day Air Early A.M. ZIPs beginning July 21 after adding more than 400 earlier this year. The Early A.M. service is the earliest morning delivery from UPS, guaranteeing service to more than 87 percent of U.S. businesses. The move will extend UPS’s advantage over the competition in serving more ZIPs and businesses by 8 a.m. and 10:30 a.m. than any other carrier.

“For critical, time-sensitive shipments, this is one of those services our customers rely upon,” said Charles Strain, UPS vice president, marketing. “UPS Early A.M. is experiencing strong growth over last year, and this announcement is another example of how we will continue to respond to our customers’ needs for express solutions.”

Everyday Americans and businesses like UPS will benefit from expanded use of private-public partnerships and innovative transportation financing measures

Transportation infrastructure serves as the backbone of UPS’s delivery network, connecting thousands of customers, suppliers, and small businesses every day. Investing in that infrastructure is critical to continued economic growth and maintain the safety and performance of our roads, bridges, shipyards, airports and railroads. President Obama’s launch of the Build America Investment Initiative is a bold step in expanding private businesses and the federal government’s role in transportation infrastructure. UPS supports the Administration’s creation of programs designed to jumpstart the funding and construction of these important infrastructure projects.

While many supply chain executives are well aware of the risks facing their supply chains and the undesirable consequences, many are still not developing and executing strategies to properly manage identified risks. This finding is according to a new study, Managing Risk in the Global Supply Chain, sponsored by UPS Capital^(R) Corporation, and conducted by the Global Supply Chain Institute at the University of Tennessee.

UPS Capital is a business unit of UPS^(R) (UPS) that enables smarter trade through cargo and parcel insurance¹, trade finance and payment solutions. One of the studies major findings was, of the 150+ firms surveyed, 90 percent did not formally quantify supply chain risk when outsourcing production, and not one of the surveyed participants used outside expertise to help assess supply chain risks.