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Industry News UPS News

Hold Your Drones: Why the Future Is Bright for UPS, FedEx – Barrons

On Tuesday, the United States Postal Service released its fourth-quarter and full-year results, and  Bernstein’s David Vernon and his team write that the situation appears “to be going from bad to worse,” which supports their thesis on publicly traded delivery companies.

Vernon writes that the USPS’s results show that the cost of final mile delivery is increasing, which means that pricing for residential services should improve–a benefit the more productive networks of FedEx (FDX) and United Parcel Service (UPS).  He reiterated an Outperform rating and $132 price target on UPS and a Market Perform rating and $212 price target on FedEx.

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UPS Press Release

UPS Delivers Holiday Wishes

Annual #WishesDelivered campaign makes wishes come true and benefits charities

The sky’s the limit for a pre-teen pilot taking flight after UPS (NYSE: UPS) granted the aspiring aviator wings for a day during the launch of its annual Wishes Delivered campaign. UPS knows that millions of deliveries during the holidays begin with a wish. This global initiative spreads goodwill and inspiration by delivering a few very special wishes to individuals in the communities we serve. The holiday campaign also raises money for various nonprofits that improve quality of life around the world.

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UPS Press Release

UPS Commends Senate On Release Of Tax Reform Bill That Will Stimulate Economic Growth

Urges House and Senate to work together

UPS® (NYSE: UPS), a global logistics provider and leading advocate for tax reform, lauded Senate leaders on the release of the Tax Cuts and Jobs Act, a critical step in finding compromise on a tax structure that has not been updated in more than 30 years.

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UPS News

UPS adds another delivery day in Louisville – Louisville Business First

Seeing more brown package cars lately? Well, there’s a reason for that.

United Parcel Service Inc. has added Saturday delivery and pickup to its ground service in Louisville. The increased service was added in the Louisville area on Oct. 14.

It’s part of a nationwide effort to deliver e-commerce packages more quickly, according to a news release from the company. Atlanta-based UPS (NYSE: UPS) says the expansion is one of the largest time-in-transit improvements it has made in its 110-year history.

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UPS Press Release

UPS And NYSERDA To Convert UPS Diesel Delivery Trucks In NYC To Electric

UPS to Work with Unique Electric Solutions to Bring Electric Vehicle Production to the Bronx

Supports Governor Cuomo’s Clean Energy Goals to Reduce Greenhouse Gas Emissions 40 Percent by 2030

UPS (NYSE: UPS) and the New York State Energy Research and Development Authority (NYSERDA) today announced that new technology will be developed to convert UPS package delivery vehicles from diesel to electric. UPS and Unique Electric Solutions LLC (UES LLC) will design, build, test and make the conversions. The project supports Governor Andrew M. Cuomo’s aggressive goal to reduce greenhouse gas emissions 40 percent by 2030 by replacing diesel vehicles with clean technology.