United Parcel - UPS STOCK NEWS

UPS announced the appointment of Nikki Clifton as President of Social Impact and The UPS Foundation, effective November 1, following the retirement of Eduardo Martinez. Clifton, who has extensive experience in corporate and non-profit sectors, will lead UPS's global philanthropy and social impact initiatives. Martinez retires after a distinguished 44-year career, having served as Chief Diversity and Inclusion Officer. UPS aims to enhance its community engagement and address social justice issues under Clifton's leadership, reflecting its commitment to corporate social responsibility.

The UPS Store has unveiled a major redesign of its retail locations, marking the first significant change in layout in two decades. This initiative aims to enhance customer experience for small business owners and consumers by creating a more open, tech-friendly environment. The redesign includes 24/7 access smart lockers and a modern aesthetic with brighter colors and improved layout. Franchisees can benefit from a new veteran and minority incentive program that provides financial support for new franchisees. This endeavor reflects The UPS Store's commitment to adapting to changing consumer needs and improving franchise profitability.

On September 11, 2020, UPS employees participated in the fifth annual 9/11 Promise Run and Ride, honoring nearly 3,000 lives lost on 9/11. This year’s event was largely virtual due to pandemic restrictions. Over 200 UPSers from across the U.S. and seven countries completed the challenge by running or biking 9.11 miles. Many began at 9:11 a.m., documenting their efforts and contributing to fundraising efforts benefiting families of first responders and military members affected by the tragedy. UPS continues its commitment to support communities in need.

UPS hosted the fifth annual 9/11 Promise Run and Ride to honor the lives lost on 9/11. This year, over 200 UPS employees participated virtually, running or biking 9.11 miles, reflecting the tragic date. The event, which usually spans three days, took place primarily online due to circumstances. Employees logged their times and shared their experiences, many contributing to fundraising efforts for families of first responders and military personnel affected by 9/11. UPS served as the major corporate sponsor of this meaningful initiative.

UPS has elected Eva Boratto, Chief Financial Officer of CVS Health, and Wayne Hewett, former CEO of Klöckner Pentaplast Group, to its Board of Directors. This move aims to enhance the board’s expertise and support UPS’s strategic growth initiatives. Boratto brings extensive financial and strategic planning experience, while Hewett contributes his background in supply chain and operations. These appointments align with UPS's commitment to diversity and inclusion, increasing the board's membership to fifteen.

UPS announced plans to hire over 100,000 seasonal employees from October 2020 through January 2021 to manage increased package volume during the holiday season. The company highlighted that more than a third of past seasonal hires transitioned into permanent positions. With flexible shifts and roles available, UPS aims to provide employment opportunities for those affected by COVID-19. Additionally, eligible temporary workers can earn tuition assistance through the Earn and Learn program, further bolstering UPS's commitment to employee development.

Coyote Logistics, a leading global 3PL provider, announces the launch of the Coyote Collective, an industry forum aimed at tackling complex supply chain challenges. This initiative will kick off during the Coyote Logistics Digital Summit on September 30 - October 1, 2020, featuring over 25 sessions focused on various supply chain topics. Keynotes include industry leaders from UPS and Coyote. The summit aims to connect professionals and facilitate collaboration, promoting innovation within the supply chain sector.

UPS has appointed Nando Cesarone as President of U.S. Operations and Scott Price as President of UPS International. Cesarone, formerly President UPS International, will leverage his global experience to enhance cross-border services for U.S. customers. He succeeds George Willis, who has retired after 36 years at the company. Price's extensive background in strategic planning and international operations aims to capitalize on profitable growth opportunities. Both leaders are expected to drive shareholder value and strengthen UPS's market position.

On August 12, 2020, UPS announced a quarterly dividend of $1.01 per share on outstanding Class A and B shares. This dividend is payable on September 9, 2020, to shareholders of record by August 24, 2020. UPS's commitment to dividends is highlighted by its history of maintaining or increasing dividends over the last 50 years, with the dividend amount over quadrupling in the past two decades. This reflects UPS's financial strength and dedication to shareholder value.