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UPS Press Release

UPS Pledges Enhanced Education And Skills Training At White House Event

Pledges to provide opportunities for 50,000 employees

UPS® (NYSE: UPS), a global logistics provider, pledged at a White House event today, to provide enhanced workforce opportunities to 50,000 UPS employees, including access to higher education, apprenticeships, up-skilling and retraining.

“UPS believes professional development is a shared responsibility, with the company ensuring employees are given educational opportunities to prepare for the future,” said David Abney, Chairman and CEO of UPS. “We are proud to stand today with the President and other companies in pledging to make available enhanced training and education programs to our employees. Our aim is to help them prepare for rewarding positions that meet both their short-term goals and opportunities for life-long careers.”

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Industry News UPS News

Is Amazon’s Latest Move Going to Crush UPS and FedEx? – Motley Fool

The e-commerce giant threatens to disrupt many industries, but here’s what may be behind its latest move.

The announcement that Amazon.com is inviting budding entrepreneurs to become Amazon Delivery Service Partners as part of its crowdsourcing delivery model will naturally concern investors in United Parcel Service and FedEx Corporation. But is it really that big of a threat? In reality, it could turn out to be more of a help than a hindrance and stockholders in the package delivery giants should not be unduly worried. Here are three reasons why.

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UPS Press Release

UPS Pilots In-Building Apartment Deliveries Through Latch Smart Access Devices

United Parcel Service Inc on Tuesday said it is testing “smart lock” technology that allows its delivery drivers to open doors and drop multiple packages at secure locations inside apartment buildings around New York City.The test includes “hundreds of non-doorman” multi-family buildings in Manhattan and Brooklyn that have installed Latch’s “smart access system.” The project comes as UPS is working to make “last-mile” e-commerce deliveries to households more convenient and cost effective by reducing package theft and the need for drivers to make repeated delivery attempts.

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UPS Press Release

Finalists Compete For $25,000 Prize In Small Biz Salute Pitch Off Contest

Three female entrepreneurs advance in national competition presented by The UPS Store, Inc. and Inc. Magazine

The UPS Store, Inc. and Inc. Magazine have announced the three finalists for the Small Biz Salute Pitch Off, a national competition that will reward one small business owner with $25,000 and an editorial feature in Inc. Magazine to help grow their business.

On August 8, Keitha Dendy of League City, Texas; Megan Eddings of Houston, Texas; and Bryanne Leeming of Boston, Massachusetts will compete at the Small Biz Salute Pitch Off event in Detroit, Michigan where the grand prize winner will be announced during the event.

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Industry News UPS News

UPS & FedEx: Buy One, Skip the Other – Barron’s

Shares of FedEx (FDX) are falling on Monday, while United Parcel Service (UPS) is rising, as UBS’s Thomas Wadewitz argues that investors should now buy the latter instead of the former.

Wadewitz upgraded UPS to Buy from Neutral and raised his price target by $4, to $125, while he downgraded FedEx to Neutral from Buy and lowered his price target to $256 from $283.

So what’s behind the call? For UPS, he writes that a combination of cost and productivity improvements, along with a supportive sales backdrop, could boost margins in its domestic package business, and fuel stronger operating income growth next year. “UPS has multiple cost-side drivers including its Transformation initiative and network investments while we believe that the new Teamsters agreement may also facilitate growth,” he writes.