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UPS intensifies effort to attract small businesses
['Eric Kulisch', 'July', 'Min Read']
Yahoo Finance
United Parcel Service continues to invest in winning and retaining small-and-medium businesses, a key market constituency it has targeted over two years as a profit center as it deemphasizes low-margin, final-mile deliveries for large e-commerce shippers.
On Thursday, the Atlanta-based parcel logistics giant unveiled several digital tools aimed at enhancing and simplifying the shipping experience for sole proprietorships.
With the "Smart Pickups" feature, businesses can save up to 50% over the cost of a daily pickup, UPS said in a news release.
In the first quarter, when average daily volume increased 1.6%, SMBs made up 34.5% of total U.S. domestic volume, marking the highest small business penetration in the company's history, and 60% of volume in Canada.
Reducing common friction points and providing reliable nationwide service helps UPS attract smaller firms, he explained.