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Calling all entrepreneurs to enter business pitch competition for a chance to win $25,000 and a feature in Inc. Magazine
The UPS Store, Inc. together with Inc. Magazine, invite entrepreneurs and small business owners from across the country to enter the Small Biz Salute Pitch Off, a contest that will reward one small business owner with $25,000 and an editorial feature in Inc. Magazine.
To enter the contest, eligible owners and entrepreneurs of qualifying small businesses need to submit an entry sharing how $25,000 would help them grow their business. Part of The UPS Store annual month-long initiative, Small Biz Salute is dedicated to honoring and supporting small business owners in their communities.
In a move that will likely come as no surprise, Uber has confirmed that it is shutting down its on-demand delivery service, UberRush. The service, which was conceived as an on-demand parcel delivery service for merchants, has been confirmed to be entering its final days. Tech Crunch reports that those who make use of the service have received an email informing them that UberRush will cease operations on July 30 of this year.
“We’re winding down UberRUSH deliveries and ending services by the end of June,” an Uber representative told Tech Crunch. “We’re thankful for our partners and hope the next three months will allow them to make arrangements for their delivery needs.
Overall, it seems that on-demand shipping simply isn’t ready for prime time. With the USPS, FedEx, and UPS all being well-established, it may be very difficult for start-ups to break in, whereas food delivery services are something that many restaurants can afford to outsource.
Shares of both FedEx and United Parcel Service have fallen victim to the latest market-wide sell-off. However, this recent downturn isn’t likely to scare off many value investors, and it might actually make stocks like these two shipping and delivery powers look even more attractive.
FedEx and UPS have long dominated the industry that they helped revolutionize, which is now set to grow based on the expansion of e-commerce and increased demand for extremely fast shipping. The companies do face competition from Amazon and others, but the two legacy giants offer both stability and value, which look even more attractive amid this newly volatile market.
FedEx and UPS also seem to attract similar buy-and-hold investors. With that said, these same investors likely understand the value of a diverse portfolio. This means they might only want to pick one of these two shipping stocks.
The Pierce County Prosecutor’s Office says no charges will be filed against the owner of pit bulls that attacked a UPS driver last year and left him in need of 133 stitches for multiple bites, including one that tore through muscle down to the bone of the man’s left leg.
The attack happened last September when United Parcel Service driver Kevin Backlund attempted to deliver a package to a property in Puyallup. He entered a gated yard and was attacked by a pack of at least four pit bulls.
Firefighters had to ram through a driveway gate to save Backlund after they were denied entry to the property by a woman who was there.