Category: UPS Press Release

“Inside Small Business Survey” Shows Americans Remain Optimistic About Starting Small Businesses

The UPS Store, Inc. released the findings of their first annual “Inside Small Business Survey” today, which found that 66 percent of respondents dream of opening a small business. Part of The UPS Store® annual initiative to celebrate National Small Business Month, Small Biz Salute, The UPS Store “Inside Small Business Survey” captures sentiments of Americans and their feelings toward both starting and shopping at small businesses. Throughout the month of May, participating The UPS Store locations across the country will be celebrating Small Biz Salute with local events geared specifically to honor and recognize small businesses and entrepreneurs right in their communities.

• International Revenue and Operating Profit Climb 15%
• Average Daily Exports grew 12%, Led by Europe and U.S. Trade Lanes
• Supply Chain & Freight Operating Profit up 14% on 16% Revenue Growth
• U.S. Domestic Revenue Rises 7.2% on 4.6% Volume Growth
• Weather Conditions Muted First Quarter U.S. Domestic Results  
• Cash from Operations of $4.1B Resulted in Free Cash Flow* of $2.6B
• Reaffirms Full-Year 2018 Adjusted EPS Guidance

UPS (NYSE: UPS) today announced further actions within the company’s organizational transformation initiatives. A select group of non-operations, retirement-eligible U.S. management employees were informed of their eligibility for participation in a special Voluntary Retirement Plan (VRP). Under the VRP, eligible employees will be offered a financial buyout to retire. The voluntary retirement program is designed to occur in phases to help maintain an orderly transition among those eligible to retire. The special VRP offer does not change the design, nor eligibility for, UPS retirement plans. This initiative will reduce headcount and lower on-going operating expense. The financial details of the voluntary program will be disclosed at a future date.

• Site allows UPS My Choice members access to hundreds of deals and discounts
• No separate log-in required for free perk for UPS My Choice members
• Businesses benefit from millions of potential customers

UPS (NYSE: UPS) today announced the launch of its UPS My Choice Deals site offering retailers an exclusive platform to reach more than 43 million UPS My Choice members with special deals and discounts.

UPS (NYSE: UPS) today appointed George Willis to the position of president of U.S. Operations, effective May 1. Willis, a 30 year veteran of UPS operations, will report to Jim Barber, UPS chief operating officer. Willis will join UPS’s Management Committee, the most senior leadership group in the company. Willis succeeds Myron Gray who has chosen to retire after a distinguished 40-year career at the company.