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UPS News

Why UPS shares could deliver for your portfolio – CBS News

What’s been lifting stock prices this year? Thanks primarily go to improving market fundamentals, including still-low interest rates, minimal inflation, declining unemployment, rising GDP, and strengthening global economic growth. Added to these positives is the perception on Wall Street that tax cuts are coming.

However, that’s also one of the potential problems that could upset this market: What if the Trump administration fails to make any headway on its version of tax reform? It wouldn’t be the first plank of the president’s platform to go nowhere in Congress. So for investors, owning shares of companies that are not only fundamentally sound but also “politics-proof” would help protect their portfolios.

One such company that has attracted many investors of late is United Parcel Service (UPS), the world’s largest express and package delivery company, which is considered a major play on continued U.S. economic growth. In particular, it’s likely to be a big beneficiary of the huge rise in e-commerce.

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Industry News UPS News

NY teamsters weigh pension cuts in groundbreaking vote – Reuters

Roughly 34,000 union members who work for United Parcel Service Inc and other logistics companies in New York will decide on Wednesday whether to accept deep pension cuts in what could be the start of a wave of benefit reductions to shore up union retirement plans.

If approved, pensions for retired teamsters from nine New York local unions will be cut 29 percent, which the plan’s trustees have said will lower the typical monthly benefit for a retiree with 30 years service to $3,550 from $5,000.

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UPS Press Release

UPS Recognized On Dow Jones Sustainability World Index For Fifth Consecutive Year

Named to DJSI North America Index for 13th Straight Year

(NYSE: UPS) made the Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year and the Dow Jones Sustainability North America Index for the 13th straight year. The highly-regarded indices evaluate companies on their sustainability performance and positions UPS in the top 10 percent of sustainability performers among the 2,500 largest companies tracked in the S&P Global Broad Market Index.

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UPS News

UPS package traps man in his own apartment – SF Gate

A Bay Area resident was expecting a delivery from Amazon over the holiday weekend. What he wasn’t expecting was that the UPS worker would inadvertently trap him inside his own home.

Jessie Lawrence, whose Twitter bio says he handles social media for @twitchesports, tweeted Sunday that a parcel dropped off at his apartment was wedged under the door handle so it couldn’t move. The handle has to be turned downward to open the door.

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UPS Press Release

UPS Appoints Mark Robinson President Of UPS Capital

UPS (NYSE:UPS) today named Mark Robinson President of UPS Capital, a UPS subsidiary. Robinson and his staff will continue to expand UPS’s global financial and insurance services portfolio to better serve the changing needs of customers.

Robinson succeeds Ron Chang, who has accepted an assignment in Corporate Strategy reporting to Alan Gershenhorn, Chief Commercial Officer.

“UPS Capital plays a very strategic role for UPS and our customers, providing unique solutions not typically found with other logistics, insurance and financial providers,” said Kate Gutmann, Chief Sales and Solutions Officer. “Mark is ideally suited to lead our efforts in delivering new and enhanced capabilities that make both our customers and our company more successful.”