Archive | UPS Press Release

UPS Capital Offers Single-Shipment Coverage Online

Insuring one package is now simple, fast and convenient

UPS Capital®, a subsidiary of UPS® (NYSE:UPS), today announced the launch of its online single-shipment coverage which gives businesses immediate access to transactional insurance – regardless of the shipping mode or carrier.

UPS Capital CargoEdge® single-shipment coverage supports an enhanced customer experience by providing insurance coverage through a fast and secure process. Customers can request and receive insurance coverage on shipments in a matter of minutes – all online.

“As more companies rely on digital transactions to keep pace with business demands, it was important for us to respond with flexible, innovative shipping coverage,” said UPS Capital President Mark Robinson. “It puts speed, control and choice in the customer’s hands, where it should be.”

UPS Launches Flat Rate Shipping With UPS Simple Rate

  • Predictable nationwide flat rates that are simple, fast and transparent
  • Customers use their own packaging that fits their products and brand
  • Five rate options based on package size for greater convenience
  • Customers can ship UPS® Simple Rate packages by UPS 2nd Day Air®, UPS 3 Day Select® and UPS® Ground services

Small business owners manage many uncertainties, but now the final cost of shipping doesn’t have to be one of them. Just in time for the holiday shipping rush, UPS (NYSE:UPS) today announced UPS Simple Rate, a predictable flat rate (1) shipping option designed to help small and medium-sized businesses (SMBs) streamline and simplify their outbound processes.

UPS And CVS Make First Residential Drone Deliveries Of Prescription Medicines

  • Flights were the first commercial drone deliveries of a medical prescription in the United States under an FAA-approved program
  • UPS and CVS exploring a variety of drone delivery use cases
  • UPS Flight Forward expanding drone delivery beyond hospital campuses

UPS (NYSE:UPS) subsidiary UPS Flight Forward Inc. (UPSFF) and CVS Health Corporation (NYSE:CVS.N) subsidiary CVS Pharmacy, Inc. today announced the successful completion of the first revenue-generating drone delivery of a medical prescription from a CVS pharmacy directly to a consumer’s home. This was followed by another delivery of a medical prescription to a second customer in a nearby retirement community. Both flights occurred on Friday, Nov. 1, 2019, using the M2 drone system by UPS partner and drone systems developer Matternet.

UPS Forecasts Record-Breaking Holiday Returns Volume

  • UPS projects holiday returns will peak on January 2, 2020 with 1.9 million returns taking place – a 26 percent increase from last year’s peak returns day.
  • UPS also expecting 1.6 million returns per day the week before Christmas.
  • Record-breaking returns volume illustrates how e-commerce is changing the way consumers buy during the holidays.

This holiday season UPS (NYSE:UPS) is forecasting yet another record-breaking year for e-commerce returns – illustrating how e-commerce is continuing to change the way people shop for the holidays.