Category: UPS Press Release

• Builds on UPS’s Commitment to Help All Customers Grow and Succeed
• Enables Customers to Refine Holiday Shipping Plans
• Modified Over-maximum, Large and Additional Handling Peak Surcharges Announced

UPS (NYSE:UPS) today said the company will not apply additional surcharges for U.S. residential deliveries during the busy 2019 holiday season, unless by contractual exception or for those requiring special handling. The company once again expects to handle a record number of holiday deliveries during peak season 2019.

• UPS Ventures takes minority stake in TuSimple, completing transaction on August 13, and complementing ongoing purchased transportation services
• UPS, TuSimple studying potential network efficiency benefits of future autonomous systems
• Law requires driver in vehicle at all times
• TuSimple believes its technology can reduce the costs of shipping goods via tractor trailer by 30%

Richard Peretz to Retire and Brian Newman Appointed CFO

UPS (NYSE:UPS) today announced Richard Peretz, UPS Chief Financial Officer, 57 plans to retire. Brian Newman, 50 currently Executive Vice President, Finance and Operations, Latin America for PepsiCo, is appointed UPS Chief Financial Officer, effective September 16, 2019. Newman will join the UPS Management Committee, the senior-most leadership team responsible for management of the company. Peretz will remain with the company through December 2019 to assist Newman to ensure a smooth transition period.

Newman is a proven senior corporate leader with extensive finance, operations, corporate strategy and information technology experience. He served in positions of increasing responsibility at PepsiCo over 26 years and has worked in Asia, Europe, Russia and the U.S. in various corporate, regional and sector assignments. He began his career in investment banking prior to joining PepsiCo. In his current role, Newman has leadership responsibility for all finance and operations activity across the Latin America region.

• Online shoppers want transparency on fees, control over the delivery process, easy returns and loyalty rewards
  
• 96% of online shoppers have used a marketplace
  
• 56% track the status of deliveries
  
• 36% returned an item in the last three months

A glitzy website or a modern app aren’t enough to satisfy today’s savvy online shoppers. They demand upfront transparency on fees, control over the delivery process, a clearly-stated returns policy and loyalty rewards, according to new research from the 2019 UPS (NYSE: UPS) Pulse of the Online ShopperTM study.

Logistics partnership provides school supplies to students and educators at home

It’s back to school season – time for millions of students to start another year of reading, writing and arithmetic. It’s also time for UPS (NYSE: UPS) and online education company K12 Inc. (NYSE: LRN) to receive, ready and render millions of school supplies to students and educators around the globe.

K12, the nation’s leading provider of K-12 proprietary curriculum and online education programs, delivers digital learning platforms and curriculum to over 70 public and private schools and more than 2,000 school districts in all 50 states and more than 100 countries. With the help of UPS, each year the company sends kits to thousands of students and staff, customized with everything they need to complete their lessons — from textbooks and laptops to science lab supplies like gravel, sand and soil.