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UPS Press Release

The UPS Foundation Awards Over $10M In Grants To Advance Diversity & Inclusion Around The World

Creates network of partners to launch the UPS Women Exporter Program which will provide capacity, expertise and funding to women entrepreneurs

The UPS Foundation, which leads the global citizenship programs for UPS (NYSE:UPS), today announced it will award over $10 million in grants to advance diversity and inclusion programs this year. The grants will be awarded to 44 different organizations. They will help support programs focused on economic empowerment, education/scholarships, work training, and social and gender equality.

“We are honored to collaborate and fund organizations that drive measurable change around the world,” said Eduardo Martinez, president of The UPS Foundation and chief diversity and inclusion officer at UPS. “Advancing the diversity and inclusion movement is a cornerstone of our company’s values. Our support for initiatives that will make a real difference in people’s lives in our communities is an extension of our dedication to help advance social and gender equality around the globe.”

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UPS News

I Don’t Care How Rich You Are, You Can’t Buy A UPS Truck – Jalopnik

It’s got style. It’s got speed. It’s got heart. It’s the adrenaline-pumping, track-destroying vehicle of your dreams. It’s the infamous UPS Package Car, and you can’t have it.

Really, you can’t.

The shipping company has a policy strictly prohibiting the resale of their trucks. Not only do they not sell them, but they make it nearly impossible for an old truck to slip back to the streets in full-UPS livery.

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UPS News

Why UPS Stock Can Rise 30% – Investopedia

Having underperformed the broader market and rival Fedex Corp. this year, things are beginning to look up for United Parcel Service Inc. By up, we mean the stock could rise 30% based on the $137 price target given by Bernstein analyst David Vernon, who is optimistic about the company’s recent agreement with the Teamsters labor union that he thinks will contribute to slower wage growth. While Vernon also likes FedEx, he warns that investor concerns over protectionism and tariffs are not without merit, according to Barron’s.

Turning Things Around

In recent negotiations with the Teamsters union, UPS secured a deal that would limit the number of hybrid drivers (i.e. drivers who also perform other duties) to 25% of the total amount of full-time carriers. That number is better than Vernon expected, allowing UPS to hire employees with more flexible roles and consequently gives the company greater flexibility in its cost structure. The deal also includes reductions to overtime and the cost of weekend operations, additional positive signs.

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Industry News UPS News

UPS, FedEx Shares Carry Upside – Barron’s

Bernstein’s David Vernon checks in with logistics giants United Parcel Service (UPS) and FedEx (FDX) on Monday, writing that there’s reason to keep the faith about both stocks.

First, UPS: The company announced an agreement late last month with its Teamsters union, and while we have scant details on that ongoing negotiation, Vernon writes that we are getting more information about hybrid drivers, one of the bones of contention between the two parties. He believes that these new drivers will lower costs–not because they are cheaper, but because they are more flexible within UPS’s cost structure.

UPS and the Teamsters agreed to protect existing full-time package jobs and limit growth of hybrid drivers to 25% of the total number of full-time carriers, which Vernon writes is better than he hoped, and that Sunday delivery options are in the works for the future. He writes that the “added flexibility in the UPS cost structure from hybrid drivers should increase the flexibility with which UPS is able to accommodate future growth from e-commerce and lower the effective rate of wage growth at the margin.”

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UPS News

Search ongoing for suspect vehicle after it hits UPS driver in Howard Co. – Fox Baltimore

Howard County Police say that they are searching for a vehicle after a UPS driver was struck in the county, on Saturday night.

According to authorities, at 7:30 p.m., a U.P.S. driver was out of his truck delivering packages in the 2300 block of Daniels Road, when a white, older model SUV, traveling southbound entered the northbound lanes and struck him.

The SUV then fled the scene. The U.P.S. driver, 27-year-old Charles Burry of Ellicott City, was transported to the University of Maryland Shock Trauma Center in critical condition.