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UPS Press Release

UPS Launches First-Of-Its-Kind Women Exporters Program Workshops In The U.S.

UPS Brings The International Program To The U.S., Hosts Workshops And Mentoring Sessions At WBENC National Conference.

As part of its continuing efforts to create an inclusive business environment and growth opportunities for women, UPS (NYSE:UPS) has announced the launch of the Women Exporters Program workshops for U.S. businesses. The program will help women business owners and leaders to gain access to the vast global marketplace, comprising 95% of the world’s buyers.

In the U.S., there are nearly 12 million women-owned small businesses, yet women-owned businesses comprise just 12% of U.S. exporters. Providing training to enable small- and medium-sized businesses owned by women to export would help propel those companies onto the world stage. According to a McKinsey Global Institute report, “In a ‘full potential’ scenario in which women play an identical role in (global) labor markets to that of men, as much as $28 trillion, or 26 percent, could be added to global annual GDP by 2025.”

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Industry News

FedEx sues the US government over the ‘impossible’ task of policing exports to China – CNBC

  • FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese companies.
  • The move came after FedEx reignited Chinese ire over its business practices when a package containing a Huawei phone sent to the U.S. was returned last week to its sender in Britain, in what FedEx said was an “operational error.”
  • FedEx’s suit and delivery error come against a backdrop of increasing tension between the world’s two biggest economies.
  • The U.S. and China have been engaged in a trade fight for nearly a year on issues such as tariffs, subsidies, technology, regulations, and cybersecurity.
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Industry News

FedEx slashes two-day air prices to match ground rates to fill its planes – Marketwatch

FedEx Corp. is offering big discounts to woo online merchants to its air network as it seeks to refashion a delivery system ill-equipped for the rise of e-commerce.
The shipping giant, which is ending an air-shipping contract with Amazon.com Inc. later this month, is cutting prices for some customers of its Express network, according to people familiar with the matter. That includes offering guaranteed two-day air service for the same price as shipping items through its Ground division, the people said.
The deals are being given to try to win over shippers from FedEx rival United Parcel Service Inc. and to get them to switch from what has historically been a lower-price shipping option in FedEx Ground, these people said.
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Industry News UPS News

Despite talk of budding rivalry, Amazon and UPS may find they’re stuck with each other – Freightwaves

For all its symbolism, FedEx Corp.’s (NYSE:FDX) June 7 announcement that it would not renew its U.S. air delivery contract with Amazon.com, Inc. (NASDAQ:AMZN) was relatively small potatoes. The decision only affects $150 to $200 million in annual revenue for Memphis-based FedEx, whose fiscal year 2019 top-line will approach, if not exceed, $70 billion.

The real story, instead, may percolate some 400 miles to the southeast in Atlanta, home of UPS Inc. (NYSE:UPS). Unlike FedEx, which had little to lose by dumping the domestic flying portion of its Amazon business, UPS has much more at stake. Amazon tendered 397 million parcels to UPS last year, the vast majority of which were delivered by UPS’ ground network, according to data from ShipMatrix, Inc., a consultancy. By some estimates, Amazon accounts for 5 to 8 percent of UPS’ $72 billion in annual revenue, compared with 1.3 percent for FedEx prior to its recent move. UPS is more deeply involved in e-commerce than is its rival, elevating the importance of its arrangement with Seattle-based Amazon, which, depending on the source of the data, has around a 40 to 50 percent share of U.S. e-commerce.
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UPS News

UPS warns training regulations will hurt its long-haul driver hiring – Freightwaves

Entry-level driver training regulations going into force in 2020 will make it difficult for UPS to keep up with new driver demand, according to company documents.

UPS, one of the nation’s largest less-than-truckload (LTL) freight carriers with over 20,000 long-haul trucks, has applied for an exemption from two requirements of the entry-level driver training (ELDT) final rule being administered by the Federal Motor Carrier Safety Administration (FMCSA).

The ELDT rule, which goes into effect on February 7, 2020, requires behind-the-wheel and theory driver training instructors have two years’ experience and have held a commercial driver’s license (CDL) for two years.