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Buy UPS’s Transformation, Goldman Says – The Street

It’s time for UPS to show what it can do for its investors.

United Parcel Service Inc. rose on Monday, Sept. 10, after Goldman said it’s time to “buy the transformation” at the package delivery company.

The Atlanta-based company with a market capitalization of $105 billion has said it aims to create greater efficiency throughout its back office and administrative areas and generate savings through global procurement, which includes streamlining internal systems and processes as well as better aligning resources to new and emerging growth opportunities.

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Teamsters to vote on UPS contract starting this week – Louisville Business First

Balloting information for the labor deal is expected to be mailed to members tomorrow through Friday, according to a post on Teamster.org, the International Brotherhood of Teamsters’ website. The ballots will be counted on Friday, Oct. 5, at 8 p.m., the posting said.

The members will be deciding on a new five-year master contract as well as local riders. This labor deal came together after negotiations between the union and the company earlier this year. The contract would create full-time job opportunities for part-time workers and provide higher wages and benefits, according to the union. The average wage would go from $15.19 per hour now to $19.34 per hour by 2022, according to UPSRising.com, a group within the Teamsters that supports the contract. The deal also creates at least 5,000 new full-time jobs.

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UPS Readies for B2B e-commerce – Cargoforwarder

The American parcels delivery giant United Parcel Service (UPS) is not leaving the e-commerce field to the Chinese express companies or carriers. They recently decided to roll out new technology to gear themselves better towards serving their clients in the future.

A new in-house company to be formed

In order to get things going, UPS has decided to form a new in-house company which will be named ‘Ware2Go.’ The aim is to create a new digital platform and technology set-up which can compare warehouse space available as well as other services in order to give customers a far better service by fulfilling online orders faster and more efficiently. This, UPS says, will give its numerous smaller and mid-size customers a better e-commerce leverage for supply of goods.

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Why Do Firms Go Public Through Debt Instead of Equity? – Columbia Law School

Private firms can gain access to capital markets in several ways. The most well-known approach is through an initial public offering (IPO) of equity, and high-profile firms typically attract a large amount of attention from the popular press when they go public. However, a less publicized approach is going public through an initial public debt offering (IPDO), an alternative option for tapping public markets. One example of an IPDO firm that issued public debt (through a private subsidiary) before issuing public equity is United Parcel Service Inc. The company was founded in 1907, filed its IPO S-1 registration statement on July 21, 1999, and began trading its equity publicly on November 30, 1999. However, the company carried out an IPDO in December 1989, when it issued 8.375 percent 30-year debentures maturing in 2020 for $700 million through its private subsidiary, United Parcel Service of America Inc. The size of this debt offering was in the top 2 percent of all public debt issues that year.

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‘We were just the hands that God used’; Nurses save UPS driver in cardiac arrest – WSET

Brandi Creasy, a registered nurse with Centra Health, said nothing was going right Wednesday evening because her child was sick, she missed church, her gas light turned on, she pulled over and then things turned around.

“Something was pulling on my heart and I felt like the lord was telling me to turn around,” she said.

A UPS truck was stopped, in the middle of Somerset Drive in Forest.

Creasy said the driver was unresponsive and physically blue, so she started giving him CPR while he was sitting up in the driver’s seat.