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UPS News

Is UPS’ Business About to Fall Off a Cliff? – Motley Fool

In UPS’ annual 10-K filing for 2015, the company states that “no single customer accounts for 10% or more of our consolidated revenue” and that therefore “we do not believe that the loss of any single customer would materially impair our overall financial condition or results of operations.” Nonetheless, a number of UPS investors have become rather concerned about the prospect that Amazon.com could reduce its reliance on UPS, with the former seemingly focused on increasing its in-house shipping capabilities, which could mean its demand for UPS’ services will decline. Should investors really be worried?

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Industry News

FedEx fails to end New York lawsuit over illegal cigarettes – Reuters

FedEx Corp must face a second lawsuit claiming it shipped thousands of cartons of untaxed cigarettes in New York over roughly a decade, cheating the state and New York City out of tax revenue and undercutting their efforts to curb smoking.

In a decision made public on Friday, U.S. District Judge Edgardo Ramos in Manhattan rejected FedEx’s bid to dismiss claims by New York State and New York City that it violated a federal anti-racketeering law and the Contraband Cigarette Trafficking Act.

 

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UPS Press Release

UPS Integrad Opens In McKinney, TX

UPS increases to seven the number of its next generation training facilities

UPS announced another next generation driver training facility in McKinney, TX building in an ongoing commitment to bring UPS drivers the very best training available.  The new UPS Integrad® facility bolsters UPS’s growing portfolio of advanced training sites, increasing the pace of preparing UPS drivers to serve customers safely and efficiently.

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UPS Press Release

UPS Appoints Juan R. Perez Chief Information Officer As Dave Barnes Announces Retirement

UPS® (NYSE:UPS) today announced Juan R. Perez, is named Chief Information Officer effective April 1, replacing Chief Information and Global Business Services Officer Dave Barnes, who elected to retire after 38 years with the company.  Barnes will continue with UPS through June 30 to ensure a smooth transition of responsibilities

“Juan brings great experience across a broad spectrum of business, operational and customer technology areas to the CIO position,” said David Abney, UPS Chief Executive Officer.  “His contributions to UPS have led to greater efficiencies in operations, enhancements to customer service and reductions in environmental impact.  I am confident he will continue UPS’s long history of information systems innovation combined with deep integration in all aspects of UPS’s business.”

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UPS Press Release

UPS Launches #BAGS4BIRDIES Global Golf Campaign

Giving the next generation a chance to succeed on the green

UPS® (NYSE: UPS) will donate junior sets of golf clubs for every birdie or better that UPS golf ambassadors Lee Westwood or Louis Oosthuizen make during a competitive round in the four 2016 major championships to deserving kids in select markets around the world.

#Bags4Birdies is a program designed to support golf’s future talent, giving them the tools they need to succeed on the course. PING will partner with UPS in this initiative, developing PING Moxie G junior clubs and other golf gear for the kids.