- Positions UPS to be the global customs broker of choice
- Immediately creates opportunities for enhanced customer experience
- Provides a robust portfolio of trade management services
- Bolsters trade and customs related information services infrastructure
- Complements UPS customs brokerage and Trade Management Services including Foreign Trade Zone services
- Analyst Amit Mehrotra upgrades shares of UPS to buy, saying the secular shift toward e-commence makes the current stock valuation cheap.
- The analyst also raises his 12-month price target on the worldwide shipping company to $135 from $125, representing 15 percent total return including dividends.
- Shares jump more than 3.5 percent.
Ribbon Cutting Ceremony Set for Dec. 2 at Laura Ward Riverwalk Plaza
UPS (NYSE: UPS) today announced the launch of an eBike that will deliver packages along Las Olas Boulevard and in surrounding neighborhoods in Fort Lauderdale, Fla. The electrically-assisted tricycle supports Fort Lauderdale’s Green Your Routine program, geared toward achieving the city’s sustainability goals, and, Vision Zero Fort Lauderdale, a citywide initiative to create safer streets for everyone. UPS’s Cycle Solutions will help reduce carbon emissions and noise, as well as improve traffic congestion and air quality in the city’s downtown corridor.
UPS (NYSE: UPS) today announced Scott A. Price will join the company as Chief Transformation Officer, effective December 11, 2017. He will also join the UPS Management Committee, the company’s senior-most leadership group. Price will report to UPS Chairman and Chief Executive Officer David Abney and will be based at the company’s global headquarters in Atlanta.
Price is currently Executive Vice President, Global Leverage for Walmart, based in Bentonville, AR. He has extensive corporate leadership experience in senior roles for Walmart, DHL Express International and The Coca-Cola Company, spanning his near 30-year professional career. He has deep international credentials and served in country marketing, country operations, regional senior operations and regional administrative management roles in both Asia and Europe for previous employers. Price is credited with restructuring operations, driving significant acquisitions and leading expansive growth in past assignments. He brings broad international operations, transportation, logistics, procurement, I.T. and supply chain experience to his new role at UPS.