UPS
Atlanta, GA, United States
UPS
Atlanta, GA, United States

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News Article | May 4, 2017
Site: globenewswire.com

WILMINGTON, Del., May 04, 2017 (GLOBE NEWSWIRE) -- The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.83 per share on all outstanding Class A and Class B shares. The dividend is payable May 31, 2017, to shareowners of record on May 15, 2017. Earlier this year, the UPS Board increased the regular quarterly dividend to the current level of $0.83 per share. UPS has a long history of its commitment to cash dividends. For more than four decades it has either increased or maintained its dividend. Since 2000, its dividend has more than quadrupled. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS. Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, changes in the fact or assumptions underlying our health and pension benefit funding obligations, negotiation and ratification of labor contracts, strikes, work stoppages and slowdowns, changes in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.


News Article | May 4, 2017
Site: globenewswire.com

WILMINGTON, Del., May 04, 2017 (GLOBE NEWSWIRE) -- The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.83 per share on all outstanding Class A and Class B shares. The dividend is payable May 31, 2017, to shareowners of record on May 15, 2017. Earlier this year, the UPS Board increased the regular quarterly dividend to the current level of $0.83 per share. UPS has a long history of its commitment to cash dividends. For more than four decades it has either increased or maintained its dividend. Since 2000, its dividend has more than quadrupled. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS. Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, changes in the fact or assumptions underlying our health and pension benefit funding obligations, negotiation and ratification of labor contracts, strikes, work stoppages and slowdowns, changes in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.


News Article | May 4, 2017
Site: globenewswire.com

WILMINGTON, Del., May 04, 2017 (GLOBE NEWSWIRE) -- The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.83 per share on all outstanding Class A and Class B shares. The dividend is payable May 31, 2017, to shareowners of record on May 15, 2017. Earlier this year, the UPS Board increased the regular quarterly dividend to the current level of $0.83 per share. UPS has a long history of its commitment to cash dividends. For more than four decades it has either increased or maintained its dividend. Since 2000, its dividend has more than quadrupled. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS. Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, changes in the fact or assumptions underlying our health and pension benefit funding obligations, negotiation and ratification of labor contracts, strikes, work stoppages and slowdowns, changes in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.


News Article | May 4, 2017
Site: globenewswire.com

WILMINGTON, Del., May 04, 2017 (GLOBE NEWSWIRE) -- The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.83 per share on all outstanding Class A and Class B shares. The dividend is payable May 31, 2017, to shareowners of record on May 15, 2017. Earlier this year, the UPS Board increased the regular quarterly dividend to the current level of $0.83 per share. UPS has a long history of its commitment to cash dividends. For more than four decades it has either increased or maintained its dividend. Since 2000, its dividend has more than quadrupled. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS. Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, changes in the fact or assumptions underlying our health and pension benefit funding obligations, negotiation and ratification of labor contracts, strikes, work stoppages and slowdowns, changes in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.


News Article | May 4, 2017
Site: globenewswire.com

Shareowners of UPS (NYSE: UPS) today elected a Board of Directors for a one-year term and ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accountants. Twelve directors stood for election to the Board and all were re-elected by substantial margins. The twelve include: Chairman and Chief Executive Officer David Abney, Rodney Adkins, Michael Burns, Bill Johnson, Candace Kendle, Ann Livermore, Rudy Markham, Franck Moison, Sandy Randt, John Stankey, Carol Tomé and Kevin Warsh. The appointment of Deloitte & Touche to serve as the company’s independent auditors for 2017 also was ratified by a wide margin. In other matters, shareowners approved an advisory vote on executive compensation, and approved the frequency of the advisory vote on executive compensation to be every three years. UPS shareowners did not approve a shareholder proposal that would have required additional disclosure concerning the company's government affairs and lobbying activities in excess of current requirements. The Board, which exercises independent oversight of all UPS lobbying and political contributions and expenditures, had recommended a “No” vote on the grounds that UPS already has effective policies for the appropriate disclosure and oversight of the company's lobbying and political activities. UPS shareowners also rejected a shareholder proposal that sought to require the Board to reduce the voting power of Class A stock from 10 votes per share to one vote per share. Additionally, the shareholder proposal regarding Holy Land Principles was not approved, given the company has existing policies to promote fair employment practices, equal employment opportunity and diversity in the workplace globally. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS. UPS routinely posts investor announcements on its web site -- www.investors.ups.com -- and encourages those interested in the company to check there frequently.


News Article | February 21, 2017
Site: globenewswire.com

LITHIA, Fla., Feb. 21, 2017 (GLOBE NEWSWIRE) -- UPS)">UPS (NYSE:UPS) announced today that it has successfully tested a drone that launches from the top of a UPS® package car, autonomously delivers a package to a home and then returns to the vehicle while the delivery driver continues along the route to make a separate delivery. UPS conducted the test on Monday in Lithia, Fla. with WKHS)"> Workhorse Group (NASDAQ:WKHS), an Ohio-based battery-electric truck and drone developer. Workhorse built the drone and the electric UPS package car used in the test. “This test is different than anything we’ve done with drones so far. It has implications for future deliveries, especially in rural locations where our package cars often have to travel miles to make a single delivery,” said Mark Wallace, UPS senior vice president of global engineering and sustainability. “Imagine a triangular delivery route where the stops are miles apart by road. Sending a drone from a package car to make just one of those deliveries can reduce costly miles driven. This is a big step toward bolstering efficiency in our network and reducing our emissions at the same time.” With ORION, UPS’s On-Road Integrated Optimization Navigation routing software, a reduction of just one mile per driver per day over one year can save UPS up to $50 million. UPS has about 66,000 delivery drivers on the road each day. Rural delivery routes are the most expensive to serve due to the time and vehicle expenses required to complete each delivery. In this test, the drone made one delivery while the driver continued down the road to make another. This is a possible role UPS envisions for drones in the future. “Drivers are the face of our company, and that won’t change,” Wallace said. “What’s exciting is the potential for drones to aid drivers at various points along their routes, helping them save time and deliver on increasing customer service needs that stem from the growth of e-commerce.” The drone used in Monday’s test was the Workhorse HorseFly™ UAV Delivery system. It is a high-efficiency, octocopter delivery drone that is fully integrated with Workhorse’s line of electric/hybrid delivery trucks. The drone docks on the roof of the delivery truck. A cage suspended beneath the drone, extends through a hatch into the truck. A UPS driver inside loads a package into the cage and presses a button on a touch screen, sending the drone on a preset autonomous route to an address. The battery-powered HorseFly drone recharges while it’s docked. It has a 30-minute flight time and can carry a package weighing up to 10 pounds. For this test, Workhorse preset the route for the drone. But in the future, routes could be determined by UPS’s On-Road Integrated Optimization and Navigation (ORION), which is the company’s proprietary routing software. “It’s wonderful to see this technology applied in such a practical way,” said Stephen Burns, Workhorse founder and CEO. “The drone is fully autonomous. It doesn’t require a pilot. So the delivery driver is free to make other deliveries while the drone is away.” UPS has been testing automation and robotics technologies, including drones, for years. Last September, UPS staged a mock delivery of urgently needed medicine from Beverly, Mass. to an island three miles off the Atlantic coast. Additionally, UPS is using drones extensively for humanitarian relief, partnering with third-party organizations to deliver life-saving blood and vaccines to hard-to-reach locations in Rwanda. UPS also is utilizing drones to check inventory on high storage shelves in its warehouses. Unlike all of the previous tests, the most recent UPS drone test shows how drones might assist in making non-urgent residential deliveries as part of the day-to-day operation. Last year, the U.S. Federal Aviation Administration (FAA) issued small unmanned aircraft systems rules that allow for some commercial use of drones and paved the way for future expanded applications. UPS was one of 35 selected from a cross section of key stakeholders to serve on the FAA’s drone advisory committee. The committee will provide the FAA recommendations on key drone integration issues that will ultimately allow for safe and secure operations of drones within the National Air Space System. UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS or follow @UPS_News. Workhorse Group, Inc. (NASDAQ: WKHS) is a U.S. – based original equipment manufacturer of medium duty EPA-approved battery-electric delivery vehicles and fully integrated truck-launched, FAA compliant unmanned aerial systems (UAS) delivery drones. Workhorse trucks have historically been sold to the largest fleets in the USA and Canada for last-mile delivery and related uses. For additional information visit www.workhorse.com


News Article | February 20, 2017
Site: globenewswire.com

UPS (NYSE:UPS) today announced the induction of 1,575 drivers into its elite “Circle of Honor,” raising to 9,349 the number of drivers who have not had an avoidable accident for 25 years or more. Nearly 10 percent of the UPS driver workforce has gone 25 years or more without a crash. Collectively, the 9,349 drivers have logged nearly 14 billion miles and more than 266,554 years of safe driving through their careers. That’s enough miles to travel to the moon and back nearly 29,000 times – or to circle the earth at the equator 553,000 times. The number of active Circle of Honor drivers is the most in company history and includes 74 new members from Canada, Germany, Puerto Rico and France. That includes French package car driver Patrick David, who is the first inductee from that country. David delivers packages in the suburban town of Chilly-Mazarin, a traffic-laden area south of Paris. “Driving in the area south of Paris is a unique situation because there are so many people,” said David. “For me it’s quite simple – I drive safely to avoid accidents and to be able to come home and see my family every night.” UPS’s longest-tenured safe driver in 2017 is Livonia, Michigan, package car driver Tom Camp, who has now driven for more than half a century  –  54 years  – and delivered more than 5 million packages without an accident. "I salute all the UPS drivers who have steered clear of accidents for 25 years," said Debbie Hersman, President and CEO of the National Safety Council and a former Chairman of the National Transportation Safety Board.  "At a time when far too many crashes are the result of distractions and unsafe driving, these Circle of Honor drivers are a great example for all of us." Of all Circle of Honor members, 576 have been accident-free for 35 or more years, with 91 of those having driven more than 40 years without an accident. Ten drivers have eclipsed the 45-year mark safely. This year, 44 new inductees are women and 34 have joined the ranks of those with more than 30 years of safe driving. A total of 206 women are in the Circle of Honor. UPS began recognizing its safe drivers in 1923. Founder Jim Casey honored the company’s first 5-year safe driver, Ray McCue, in 1928. The company’s 102,000 drivers worldwide are among the safest on the roads, logging more than 3 billion miles per year and delivering nearly 5 billion packages annually. Before ever making a delivery, all UPS drivers are taught safe driving methods through the company’s defensive driving platform. The training continues throughout their careers. The company’s UPS Integrad® training school for delivery drivers, and Driver Trainer School (DTS) for tractor-trailer instructors boast some of the industry’s most rigorous safety training. “With Germany, Canada and now France in the mix, and other countries soon to join the Circle, it’s clear that safe driving is a common language,” said Teri McClure, chief human resources officer and senior vice president, global human resources and labor. “Congratulations to Patrick David and all the new and current Circle of Honor members. Their efforts serve as an example for all of us as to the importance of dedication and focus behind the wheel.” UPS extends its safe driving expertise to the communities it serves through UPS Road Code® training, a teen safe driving program available in the United States and internationally.  Taught by UPS volunteers and based on the company’s safe-driving methods, the program is available to teens between the ages of 13 and 18. To date, more than 25,000 teenagers have participated.  The program has been extended to Canada, China, Germany, the United Kingdom, and UPS will expand the program into the United Arab Emirates this year. UPS Road Code training is offered in the U.S. in conjunction with the Boys & Girls Clubs of America, and overseas in five countries with various youth development organizations. The UPS Foundation has contributed $13.6 million to the UPS Road Code program since its inception. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at ups.com and its corporate blog can be found at Longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.


News Article | February 23, 2017
Site: globenewswire.com

SALT LAKE CITY, Feb. 23, 2017 (GLOBE NEWSWIRE) -- UPS (NYSE:UPS) will build a new regional operations hub in Salt Lake City that will be among the largest processing facilities in its global package network. The $275 million project joins other significant capital investments announced over the past 24 months focused on new construction combined with modernization and expansion of top tier UPS® hubs in the U.S. to address planned growth. When completed in late 2018, the new 840,000 square foot facility will process 69,000 packages per hour as a complement to the existing 200,000 square foot operations in town. “This new regional hub is one of our strategic initiatives to continue to build the long-term future of UPS,” said Mark Wallace, UPS senior vice president of global engineering and sustainability. “Utah is the crossroads to serving the Western U.S., and the state-of-the-art automation technology being deployed will improve performance, increase capacity and create additional flexibility to handle the non-stop growth of e-commerce business in the region.” More than 1,500 jobs will be aided by new technology and automation that increase the accuracy of data collection for reliability and processing flexibility as packages route through the complex system of conveyors and advance across a maze of belts. Two automated processing areas will focus on smaller-sized packages, typical of today’s e-commerce purchases. Nearly 160 acres were assembled with convenient interstate and airport access to support UPS growth across the mountain west, much of it from both commercial and residential e-commerce. The property will include onsite fueling to accommodate both diesel and natural gas alternative fueled vehicles. Ken Cherry, president of the UPS Desert Mountain district that includes Utah operations, noted UPS appreciation for support from city and state officials. “UPS customers benefit from new efficiencies and capacity, and we sustain and grow jobs in the area for a positive economic impact.” UPS currently employs more than 3,500 workers across Utah in package, heavy freight and contract logistics operations. The company’s footprint includes 24 operating facilities and 46 The UPS Store® locations as independently-owned small businesses that are part of a franchise network. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS or follow @UPS_News.


News Article | February 21, 2017
Site: globenewswire.com

NEW YORK, NY, Feb. 21, 2017 (GLOBE NEWSWIRE) -- UPS® (NYSE:UPS) today provided an update to its multi-year growth strategies, transportation and operations network transformation, and provided long term financial targets during the company’s investor conference in New York City. Senior executives discussed topics central to the theme of the conference; Invest. Grow. Deliver.  The company’s plans include: “Over the next several years, you will see the most sweeping transformation of our network in its history,” said David Abney, UPS chairman and CEO. “We are adding more flexible capacity, more technology, more capabilities and becoming more efficient, ultimately to improve customer and shareowner value.” The company also announced plans to expand its U.S. delivery and pickup schedule to include six days for ground shipments.  UPS will offer Saturday delivery options to the largest metropolitan areas and has started rollout throughout the U.S. At the conference, Chief Financial Officer Richard Peretz provided the company’s 2017 outlook and updated the 2018 and 2019 financial objectives.  Peretz also commented on plans for continued UPS revenue and margin expansion. The company provides guidance on an adjusted (non-GAAP) basis because it is not possible to predict or provide a reconciliation reflecting the impact of future pension mark-to-market adjustments, which would be included in reported (GAAP) results and could be material. Highlights for the 2018 and 2019 long-term financial targets are: Peretz also outlined plans for capital investments of 6% to 7% of revenue annually. “The strong financial hallmarks of UPS remain unchanged,” said Peretz. “We are great stewards of capital, generate strong cash from operations and have a generous shareowner distribution policy.” “We continue to deliver the highest operating margins in the industry,” continued Peretz. “This legacy combined with our future growth prospects makes UPS a high-quality investment today, and for years to come as we build the smart logistics network.” Abney and Peretz were joined at the conference by Jim Barber, president, UPS International; Alan Gershenhorn, executive vice president and chief commercial officer; Myron Gray, president, U.S. operations; Kate Gutmann, senior vice president, worldwide sales and solutions; Juan Perez, chief information officer and Mark Wallace, senior vice president, global engineering and sustainability. Presentation materials from the conference, which was publicly available through a live webcast, and the webcast replay are available on the UPS Investor Relations website. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at ups.com® and its corporate blog can be found at Longitudes.ups.com. To get UPS news directly, visit pressroom.ups.com/RSS. Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, negotiation and ratification of labor contracts, strikes, work stoppages and slowdowns, changes in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.


News Article | February 21, 2017
Site: globenewswire.com

NEW YORK, NY, Feb. 21, 2017 (GLOBE NEWSWIRE) -- UPS® (NYSE:UPS) today provided an update to its multi-year growth strategies, transportation and operations network transformation, and provided long term financial targets during the company’s investor conference in New York City. Senior executives discussed topics central to the theme of the conference; Invest. Grow. Deliver.  The company’s plans include: “Over the next several years, you will see the most sweeping transformation of our network in its history,” said David Abney, UPS chairman and CEO. “We are adding more flexible capacity, more technology, more capabilities and becoming more efficient, ultimately to improve customer and shareowner value.” The company also announced plans to expand its U.S. delivery and pickup schedule to include six days for ground shipments.  UPS will offer Saturday delivery options to the largest metropolitan areas and has started rollout throughout the U.S. At the conference, Chief Financial Officer Richard Peretz provided the company’s 2017 outlook and updated the 2018 and 2019 financial objectives.  Peretz also commented on plans for continued UPS revenue and margin expansion. The company provides guidance on an adjusted (non-GAAP) basis because it is not possible to predict or provide a reconciliation reflecting the impact of future pension mark-to-market adjustments, which would be included in reported (GAAP) results and could be material. Highlights for the 2018 and 2019 long-term financial targets are: Peretz also outlined plans for capital investments of 6% to 7% of revenue annually. “The strong financial hallmarks of UPS remain unchanged,” said Peretz. “We are great stewards of capital, generate strong cash from operations and have a generous shareowner distribution policy.” “We continue to deliver the highest operating margins in the industry,” continued Peretz. “This legacy combined with our future growth prospects makes UPS a high-quality investment today, and for years to come as we build the smart logistics network.” Abney and Peretz were joined at the conference by Jim Barber, president, UPS International; Alan Gershenhorn, executive vice president and chief commercial officer; Myron Gray, president, U.S. operations; Kate Gutmann, senior vice president, worldwide sales and solutions; Juan Perez, chief information officer and Mark Wallace, senior vice president, global engineering and sustainability. Presentation materials from the conference, which was publicly available through a live webcast, and the webcast replay are available on the UPS Investor Relations website. UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at ups.com® and its corporate blog can be found at Longitudes.ups.com. To get UPS news directly, visit pressroom.ups.com/RSS. Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, negotiation and ratification of labor contracts, strikes, work stoppages and slowdowns, changes in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.

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