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UPS Press Release

UPS/Greenbiz Survey Finds Businesses Are Concerned About Impacts Of Urbanization

  • Less than Half Feel Prepared to Tackle These Challenges
  • Survey Offers New Insights Into Logistics Challenges and Opportunities
  • Collaboration Needed to Build Environmentally Sustainable Cities

A new study from UPS (NYSE:UPS) and GreenBiz Group reveals nearly all companies (95 percent) surveyed are concerned about how urbanization will impact business growth and sustainability. However, according to The Road to Sustainable Urban Logistics survey, only 47 percent feel prepared to address the associated business challenges. Further, respondents cite air quality (58 percent) and traffic congestion (53 percent) as top concerns over other urban challenges. And 65 percent of respondents believe insufficient collaboration across sectors, including government, is a key barrier to well-managed logistic operations in urban areas.

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UPS News

New York Teamsters approve slashing benefits to retired members – Reuters

Retired members of the Teamsters union in New York will have their benefits cut by around 30 percent starting in October after the 34,000 participants in the pension approved a plan aimed at extending the life of the cash-strapped fund.

Monthly pensions for retired teamsters from nine New York local unions who have 30 years’ service will be cut on average to $3,550 from $5,000, according to plan trustees. Members who are working would also have benefits cut.

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UPS News

Victims in mass shooting at UPS facility in SF file lawsuits – SFGate

Despite there being metal detectors and security guards at a San Francisco UPS facility, an armed employee easily walked into the building, killing three co-workers and wounding two others in June — a shooting that should have been prevented, attorneys for the victims and their families said.

Relatives of two of the slain drivers, two wounded employees and 28 survivors on Tuesday sued United Parcel Service, Allied Universal Security Services, and the owner of the building on 16th Street and San Bruno Avenue on Potrero Hill.

“This was entirely preventable,” said J. Kevin Morrison, an attorney representing the plaintiffs. “If Allied and UPS had done their jobs that day, we wouldn’t be here.”

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UPS Press Release

UPS Capital Introduces Cyber Liability Insurance For Small To Mid-Size Businesses

New insurance service reduces financial risk of cybercrime

UPS Capital®, a subsidiary of UPS® (NYSE:UPS), today announced a new cyber liability insurance solution for small and mid-size businesses. The insurance includes first-party coverage for security breach response, cyber extortion, income and digital asset restoration. The solution also offers third-party coverage for consequences that may result from a cyberattack such as litigation, investigation and fines.

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UPS Press Release

Going Up! The UPS Store Launches Elevator Pitch Season Two Featuring Marcus Lemonis

Small business owners get a chance to pitch their business for a chance to win $10,000

Knowing your business is one thing, the ability to pitch to a potential investor is another. Today The UPS Store, Inc. debuts season two of its web series Elevator Pitch, where real small business owners are put on the spot. This season, small business owners will step out of the elevator and stand side-by-side as they give their best pitch to Marcus Lemonis, serial entrepreneur and host of CNBC’s The Profit, for a chance to win $10,000.