Category: UPS Press Release

Bryanne Leeming of Unruly Studios takes grand prize in national competition presented by The UPS Store, Inc. and Inc. magazine

The UPS Store, Inc. and Inc. magazine announced the winner of the national Small Biz Salute Pitch Off contest at a live event on August 8 in Detroit. Bryanne Leeming, founder and CEO of Unruly Studios, won $25,000 and an editorial feature in Inc. Magazine for her STEM-focused small business.

Leeming’s live presentation at the historic Gem Theatre in Detroit won over a panel of judges, which included Bravo TV host Tabatha Coffey, tech entrepreneur Josh Linkner, former NFL linebacker Dhani Jones, and Inc. magazine executive editor Jon Fine.

Next week students enrolled in Fulton County Schools (FCS) will begin the new school year. Unfortunately for homeless Atlanta teens trying to head back to school, purchasing even the most basic items can pose a challenge. Today, to help with this need, Kevin Warren, UPS’s new chief marketing officer and members of UPS’s African American Business Resource Group (AABRG), in partnership with the Ed Isakson YMCA, led an effort to create 500 hygiene kits packed with bars of soap, toothpaste, toothbrushes, deodorant, shampoo, lotions and combs.

Initiative Supports Continued Strategic Electrification of UPS Global Fleet

UPS today announced a collaboration with Thor Trucks, Inc. to develop and test a fully-electric class 6 delivery truck in Los Angeles, Calif. The truck is expected to be ready for deployment later this year.

UPS continues to work with a range of companies to test and deploy promising alternative fuel and advanced technology vehicles that will help it meet its sustainability goals. Electric vehicles, and the charging infrastructure needed to support them, play a critical role in UPS’s vision for its fleet of the future. The Thor electric delivery truck will have a driving range of approximately 100 miles powered by a Thor-designed and built battery that will be lightweight, durable and allow long-range driving distances.

• Reports 2Q18 EPS of $1.71, up 8.2%; Adjusted 2Q18 EPS of $1.94, up 23%
• International Operating Profit up 8.4%; Adj. Operating Profit Climbed 15%
• Average Daily Exports Increased 9.5%, Led by Europe
• Supply Chain & Freight Operating Profit up 1.9%; Adjusted Operating Profit Rose 17%
• U.S. Domestic Revenue Increased 6.3% on Higher Base Pricing
• YTD Cash from Operations was $7.2B and Free Cash Flow Surged to $4.4B
• Reaffirms 2018 Adjusted EPS and Raises Free Cash Flow Guidance to $5B

UPS (NYSE:UPS) announced today the results of its Voluntary Retirement Plan (VRP) introduced on April 25, 2018. Under the VRP, a select group of U.S. based, retirement-eligible employees were offered a financial buyout to retire.

Participants in the plan will depart on a staggered schedule over the next twelve months to maintain business continuity. The company does not expect significant savings in 2018 from the VRP, full savings from the program will be realized upon completion after the second quarter 2019. UPS recorded a pre-tax transformation charge of $263 million in the second quarter, due primarily to VRP severance expense. This initiative will reduce UPS headcount and lower ongoing staffing expense. At full run rate, the initiative will generate annual savings of around $200 million.