UPS Freight Sets 5.9% Rate Hike
UPS Freight, the less-than-truckload unit of UPS Inc., said it will institute an average 5.9% general rate increase later this month.
October 1, 2010UPS Sets New Ocean Service from Asia
UPS Inc. has launched a new ocean shipping service from Asia to the United for less-than-container loads it said will be 20% faster.
September 16, 2010UPS Reduces Number of Expected Pilot Furloughs
UPS Inc. said it now expects to furlough 230 pilots, fewer than the 300 it estimated in February, due to improving financial conditions, the Associated Press reported.
August 24, 2010UPS to Build Healthcare Logistics Hubs in Singapore, China
UPS Inc. plans to open two health-care-logistics hubs in Singapore and China to tap rising regional demand for medical devices and drugs, Bloomberg reported Friday.
August 6, 2010UPS Aims to Improve Truck Fuel Efficiency 20%
UPS Inc. said Monday it has set a goal to increase its automotive fuel efficiency by 20% between 2000 and 2020.
July 26, 2010UPS Earnings Soar 71% in 2Q; Firm Upbeat for Second Half
UPS Inc. “fired on all cylinders” in the second quarter, boosting profits and firming rates, despite spottiness in the global economic recovery, Chief Executive Officer Scott Davis said July 22.
July 26, 2010UPS’ 2Q Income Jumps 71%
UPS Inc. said Thursday its second-quarter profit jumped 71% on stronger international shipments, and the company boosted its full-year earnings outlook.
July 22, 2010Feds Reject Teamsters’ Bid for Aircraft Mechanics to Strike at UPS
Federal officials have rejected a bid by the Teamsters union to begin a 30-day countdown to a potential strike against UPS Inc. by its aircraft mechanics, the Associated Press reported.
June 2, 2010UPS Earnings Jump 32.9%
UPS Inc.’s less-than-truckload unit is headed for a return to profitability in 2010 as part of a companywide increase in earnings, which jumped 32.9% in the first quarter, officials said last week.
May 3, 2010UPS Reports Higher 1Q Income
UPS Inc. Tuesday formally issued its first-quarter earnings statement, matching the increase it first released earlier this month, and said its sales rose 7.2%.
April 27, 2010