UPS Inc. and the Teamsters union said they have reached tentative agreement on two new five-year labor contracts in the company’s small package and freight business units.
April 26, 2013Business
UPS’ Net Rises 3.2% in 1Q; Plans to Buy 700 LNG Trucks
UPS Inc. last week said first-quarter net income rose 3.2% to $1 billion, reported it was nearing a contract agreement with the Teamsters union and announced plans to buy 700 tractors powered by liquefied natural gas.
April 29, 2013Business
UPS Reports Higher 1Q Profit; Reaffirms Earnings Guidance
UPS Inc. Thursday reported a higher first-quarter profit on strong e-commerce sales, reaffirmed its full-year earnings guidance and said it plans to buy a Hungary-based logistics company.
April 25, 2013Business
UPS Names New Presidents of Europe, Emerging Markets Divisions
UPS Inc. said it has appointed Cindy Miller president of UPS Europe and Derek Woodward president of Emerging Markets. Both appointments are effective April 30.
March 21, 2013Business
UPS Acquires VN Post Express’s 49% Interest in Joint Venture
UPS Inc. said it has acquired Vietnamese delivery company VN Post Express’s 49% interest in the two companies’ express delivery joint venture.
March 19, 2013Business
UPS Commits to Hiring 25,000 Veterans
UPS Inc. said it has committed to hire more than 25,000 veterans over the next five years.
March 14, 2013Business
Barber Appointed President of UPS International
UPS Inc. said Jim Barber will become president of UPS International, succeeding Dan Brutto, who will retire at the end of April.
February 27, 2013Business
UPS Expands Worldwide Expedited Service
UPS Inc. said it has expdanded its worldwide expedited service by tripling the coverage area and speeding up the delivery timeframe to two to five business days.
February 22, 2013Business
UPS Boosts Dividend, Sets Reverse Logistics Deal
UPS Inc. said its board approved an 8.8% dividend increase, and separately said it will provide reverse logistics services in an arrangement with Jabil Circuit Inc.
February 15, 2013Government, Business
U.S., European Union to Pursue Free-Trade Deal
The United States and the European Union said they will begin talks for a transatlantic free-trade deal, the Associated Press reported Thursday.
February 14, 2013