United Parcel Service, Inc. Class B - UPS STOCK NEWS

UPS and Estafeta Mexicana announced a partnership aimed at enhancing international shipping for Mexican businesses.

This agreement allows access to over 220 countries and territories, with a focus on facilitating one-day delivery to the U.S. The collaboration leverages UPS’s logistics network and Estafeta’s local presence. The partnership aligns with the USMCA trade agreement, simplifying cross-border trade for key sectors like aerospace and automotive.

Benefits include competitive transit times, improved e-commerce capabilities, and expanded market access for small and medium-sized enterprises.

UPS (NYSE: UPS) praises Georgia lawmakers for enacting bipartisan legislation to impose harsher penalties for hate crimes based on race, religion, or other characteristics. CEO Carol Tomé emphasizes the importance of eradicating hate in society. This follows UPS's commitment to justice and equality, highlighted by their recent initiatives in support of the Black community, aligning with broader movements for change. UPS aims to advocate for similar hate crime laws in states lacking such legislation.

UPS announced significant expansions in its healthcare logistics network, including plans for up to 1.5 million sq. ft. of cGMP distribution space for Coronavirus shipments in California, a new facility in Shanghai, and enhancements in the UK and Hungary. The expansions aim to meet increasing demands for healthcare logistics with new cold chain solutions, including GMP cooler and freezer spaces near the Worldport® facility in Louisville. UPS Healthcare emphasizes its commitment to quality and innovative logistics solutions for complex pharmaceutical needs.

UPS (NYSE: UPS) is commemorating World Environment Day on June 5 by matching carbon offsets for all packages shipped through its carbon neutral program in June 2020. This initiative aims to increase awareness and usage of UPS's carbon neutral shipping options, encouraging customers to participate by paying a small fee to offset their carbon footprint. With over 60 million packages offset annually, UPS has invested more than $1 billion in sustainable operations and plans to buy 10,000 electric vehicles, further enhancing its commitment to environmental sustainability.

UPS Healthcare has launched UPS Premier, a new service designed to enhance reliability for critical healthcare shipments. This offering utilizes next-generation sensor technology to improve visibility and priority handling. With an emphasis on quality and patient care, UPS Premier aims to address the growing demand for precision logistics in the healthcare sector. The service is part of UPS Healthcare's broader strategy, which includes considerable investments to expand its logistics capabilities, ensuring timely delivery of sensitive medical products.

UPS (NYSE: UPS), in collaboration with McLane Global, announced the delivery of its five millionth meal through the Emergency Meals-to-You program. This initiative, launched to provide shelf-stable, nutritious meals to students in rural areas impacted by the coronavirus, has gained support from various partners, including the USDA and PepsiCo. Within six weeks, UPS developed a logistics solution that has enabled efficient food distribution, reaffirming its commitment to community support and operational excellence during challenging times.

UPS is expanding its express air network to Gary/Chicago International Airport, with services starting November 2, 2020, in preparation for the holiday shipping season. The network will utilize an Airbus A300 capable of transporting over 14,000 Next Day Air packages. This expansion enhances UPS's capacity and competitiveness in Northern Indiana and the Chicago area. UPS plans to hire around 60 employees for the new facility, which includes a 150,000-square-foot ramp area and 14,000 square feet of office space.