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UPS to hire 100,000 people

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
UPS is getting ready for the holiday season

United Parcel Service, commonly known as UPS, is already looking forward to the holiday season.

The company announced that they would hire more than 100,000 workers this winter in order to avoid being overwhelmed by deliveries, which already happened during the pandemic-induced #shopping spree.

UPS expects this year's season to by one month longer than usual, as it will start in October through January, given the fact that retailers are starting the season earlier.

The Atlanta-based company already hired 39,000 people in the US in the past quarter, and it also started to invest in automation. In #Q2, the daily average volume for domestic deliveries increased by 91% compared to the 2019’s Q4. 

Currently, UPS stock price is trading 0.53% lower. 

Sources: reuters.com, abcnews.go.com


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.