FACTORING BLOG

UPS

Turn Your UPS Invoices into Instant Cash

Factoring for UPS Invoices

Receive Immediate Payment on UPS Invoices

When you factor your UPS invoices with Scale Funding, we provide you immediate cash flow that you can use to buy fuel, pay bills and bring on new drivers. Not only do our freight factoring programs eliminate the gap between invoice and receiving payment, but they are also quick to set up and include a number of value-added benefits, including:

Approvals in 15 Minutes or Less
Dedicated Relationship Managers
Free Collections Services
Free Credit Checks on New Customers
Fuel Cards

Companies choose Scale Funding for their business financing needs for a number of reasons beyond eliminating the cash-flow gap. If your business is looking to expand, catch up on bills or add new employees, our factoring programs are an ideal solution. Contact us today to learn more about how we can pay you immediately on not only your UPS invoices, but your other invoices as well.

United Parcel Service (UPS)

With the help of its trademark brown uniforms and trucks, the United Parcel Service (UPS) has carved an indelible niche for itself in today’s business landscape. Since its establishment in 1907, it has become the largest package delivery company in the world. The company has also diversified its service offerings by moving into providing solutions for supply chain management. This has only further solidified its position as the top logistics option for businesses and private clients.

Today, UPS delivers more than 10 million packages. It has a customer base of over 7.9 million people spread over 220 countries; furthermore, the company generated revenues in excess of $60 billion per year and employs more than 430,000 people globally.

The global courier and freight forwarding service has its global headquarters in Sandy Springs, Georgia. UPS also operates its own air cargo and airline delivery service based out of Louisville, Kentucky.

History

In 1907, James Casey and Claude Ryan founded a new company called the American Messenger Company. It was based in Seattle, Washington. The company’s main focus was on delivering packages to retail stores, as well as delivering mail for the United States Postal Service, which was their biggest client at the time. During those early years, they made most of their deliveries on foot, or by bicycle for longer trips.

The American Messenger Company acquired its first delivery vehicle in 1913. That year, Casey and Ryan also merged with Evert McCabe – one of their largest competitors – to form Merchants Parcel Delivery. This move allowed them to introduce consolidated delivery, which entailed delivering all the packages sent to a neighborhood using one delivery truck.

Charlie Soderstrom joined the company in 1916. He brought with him more delivery trucks for the growing business. This allowed Merchants Parcel Delivery to expand outside Seattle for the first time in 1919. The company began offering its services in Oakland, California and changed its name again to United Parcel Service.

In 1922, UPS acquired an LA-based company, allowing it to expand its services to include common carrier services. By this time, the company had grown to become one of the only companies that offered common carrier services in the United States. Initially limited to a small part of Los Angeles, fast expansion allowed it to offer common carrier outside the city by 1927.

By 1930, the company had begun operating in New York and other cities in the East and Midwest. However, using common carrier to fulfill all its deliveries placed UPS in competition with large players like the Interstate Commerce Commission and the United States Postal Service. This limited the cities in which UPS could operate without state commission and ICC authority. However, the company was able to expand its operations to Chicago by 1953.

UPS began offering air freight services in 1929. The program was soon stopped because the Great Depression caused a significant drop in cargo volumes, but was reinstated in 1953 as the UPS Blue Label Air service. By 1975, UPS had moved its headquarters to Connecticut and began serving all states. This made it the first package delivery company to serve every address in the country. 1975 also marked the year when UPS went global.

Key Personnel

The company currently employs over 400,000 people worldwide. Out of this number, approximately 360,000 people are based in the United States, while 82,000 work from international stations. The company focuses on hiring the most qualified and experienced personnel. This ensures innovative ideas that will help maintain its forward momentum, as well as quality customer service. Its current Chief Executive Officer and Chairman is David Abney.

Business Model

The core business is the timely delivery of documents and packages to its customers worldwide. The company has expanded its service portfolio over the years to include supply chain management services, as well as less-than-truckload (LTL) services. It also describes its operations under three primary segments that include U.S. domestic package operations, supply chain & freight operations and international package operations.

The company’s U.S. operations include the delivery of packages, letters and documents throughout all the states in the country. On the other hand, its international deliveries serve more than 220 countries worldwide. Supply Chain & Freight operates various business units that carry out forwarding, contract logistics, supply chain design and management and consulting services throughout 175 countries globally.

UPS also operates ten other subsidiaries, including: The UPS Store, UPS Capital, UPS Airlines, UPS Freight, UPS Supply Chain Solutions, UPS Logistics, UPS Express Critical, UPS i-parcel, UPS Mail Innovations and UPS Professional Solutions.

UPS has also been at the forefront of developing new technologies that ensure improved efficiency for the courier industry. A good example of this is the Delivery Information Acquisition Device, DIAD. This is a handheld device that drivers use to record delivery information and share it on the company’s network after every pickup.

The company’s commitment to timely delivery, great customer service and continuous innovation assures that UPS will remain a leading package delivery company for many years to come.