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UPS Press Release

UPS Receives The Executive Leadership Council’s 2019 Corporate Award For Support of Black Executives And Diversity & Inclusion

UPS (NYSE: UPS) has been recognized with the 2019 Corporate Award by The Executive Leadership Council (ELC), the preeminent membership organization focused on the development of global black leaders. Additionally, ELC has welcomed four UPS executives into its membership of senior executives: George Brooks, President, Americas Region; Rhonda Clark, President, Global Buildings and Systems Engineering; Charlene Thomas, Chief Human Resources Officer; and George Willis, President, U.S. Operations.

The ELC is committed to advancing the role and contributions of black executives and preparing the next generation of corporate leaders through programs, events and philanthropic endeavors. Through this award, ELC has acknowledged UPS for significant contributions to the advancement of black corporate executives, its support of employees and diverse suppliers, and its philanthropic commitment to supporting the community. The award was accepted by David Abney, UPS Chairman and CEO, at the ELC’s Recognition Gala on October 10th in D.C. The induction of UPS’s executives was also announced during that event.

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Industry News UPS News

FedEx and UPS Could Benefit From Higher Postal Prices. Trade Might Get in the Way. – Barron’s

The U.S. Postal Service is asking for an average 5.4% increase for its express-shipping products in its proposed 2020 price increases submitted Wednesday. That is a bit of good news for parcel shippers such as United Parcel Service and FedEx, which might cheer the tailwind to industry pricing.

J.P. Morgan, however, thinks investors should keep higher pricing in perspective. “We expect a muted reaction from [the parcel shippers],” analyst Brian Ossenbeck wrote in a Thursday research report, saying that price increases “weren’t another step-change like 2019.”

The increase is healthy, but lags behind last year’s request of about 7.3%, according to data from Stamps.com (ticker: STMP).

 

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UPS News

Police video shows officers tend to Cleveland UPS driver’s shotgun wounds before arresting suspect (graphic) – 19 News

The Cleveland Division of Police released body camera video that shows officers providing medical attention to the UPS delivery driver who was shot during a robbery.

Police found the 55-year-old victim, who was robbed and shot with a shotgun in his delivery truck, in the 4800 block of Scovill Avenue.

The driver first gave the shooting suspect $5, but he demanded more. The victim then laid in the cargo area of his truck and locked all of the vehicle’s doors while calling 911, detectives said.

The suspect, later identified as 42-year-old Joel Parker, fired his shotgun into the back of the truck.

 

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UPS News

UPS hits the gas on greener delivery truck fleet – Reuters

Starting next year, there will be a lot more “green” in those brown UPS delivery trucks.

United Parcel Service Inc on Wednesday announced plans to buy more than 6,000 natural gas-powered trucks over three years and step up purchases of renewable natural gas (RNG) as part of a new $450 million investment to reduce the environmental impact of its 123,000-vehicle fleet.

The latest move from the world’s largest package delivery firm comes as utility companies, investors and others seek to expand the use of RNG – which is derived from decomposing organic matter such as cow manure on dairy farms, discarded food in landfills and human waste in water treatment plants – to reduce greenhouse gas emissions.

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UPS Press Release

UPS To Add More Than 6,000 Vehicles To Its Natural Gas Fleet

  • Multiyear Agreement for Custom-Built, On-Site Natural Gas Fueling Stations and Vehicles throughout U.S.
  • Builds on More Than a Decade of UPS’s Leadership in Alt Fuel and Advanced Technology Vehicles and Fueling Stations

UPS (NYSE: UPS) today announced plans to purchase more than 6,000 natural gas-powered trucks beginning in 2020 and running through 2022. This three-year commitment represents a $450M investment in expanding the company’s alternative fuel and advanced technology vehicle fleet as well as supporting infrastructure.