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United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. [1] Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company [6] and one of the world's largest shipping couriers.
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The UPS Store (formerly the United States arm of Mail Boxes Etc.) is a franchised subsidiary of United Parcel Service which provides, according to its website, shipping, shredding, printing, fax, passport photos, personal and business mailboxes, and notary services.
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A sectional center facility (SCF) is a processing and distribution center (P&DC) of the United States Postal Service (USPS) that serves a designated geographical area defined by one or more three-digit ZIP Code prefixes.
Because of UPS, Louisville is the sixth-busiest cargo airport in the world, and the third busiest in the United States. [12] [23] Although UPS has had a hub at Louisville since 1980, the term was not used officially by the company until 2002, after a $1 billion, five-year expansion. [24] Previously, the project was named Hub 2000.
The legal monopoly of the government-owned United States Postal Service has narrowed during the 20th and 21st centuries due to competition from companies such as UPS & FedEx, although still delivers the vast majority of US mail.
In July 2019, the Sberbank venture fund, Fort Ross Ventures and X5 Retail Group signed an agreement on strategic partnership in innovation, exchange of technologies and looking for start-ups. [87] In December that year, X5 Retail Group and start-up accelerator Orange Fab started a joint programme for seeking and introducing innovations in Russia.