Filed in UPS

Tuesday, February 01, 2011

Even though the economy is still taking its lumps en route to a full-fledged recovery, UPS appears to be ahead of the game based on its fourth quarter and full-year 2010 earnings performance.

Tuesday, January 04, 2011

In response to its growing healthcare business, UPS said it is opening up new facilities in Asia, Europe, Canada, and the United States that will serve as part of its global healthcare facility network.

Friday, December 10, 2010

Following the recent news that TNT, the fourth largest global parcel operator, plans to sell off its Express unit, media reports out of Europe indicate that UPS will not be a potential buyer of the unit. UPS Chief Financial Officer Kurt Kuehn told a German newspaper, the Boersen-Zeitung, that the UPS does not intend to make any large acquisitions in the future.

Tuesday, December 07, 2010

Last week, the House of Repre­senta­tives once again voted to extend the current authorization for federal aviation programs through March 31, 2010. For those keeping score at home, that marks the 17th extension voted by Congress since the authorization’s scheduled expiration date in 2007.

Monday, December 06, 2010

FedEx recently announced it will up its rates for its FedEx Ground and FedEx Home Delivery units by an average of 4.9 percent, which will take effect on January 3, 2011.

Friday, December 03, 2010

Netherlands-based TNT NV, a provider of mail and couriers services and the fourth largest global parcel operator, said it plans to “demerge” operations by separating its Express and Mail operations into two independent companies. Company officials said that the main reasons for an internal separation are the increasingly divergent strategic profiles of the two units and the limited existing synergies between them.

Monday, November 22, 2010

UPS recently announced an agreement to sell its UPS Logistics Technologies unit to Thoma Bravo, LLC, a leading private equity investment firm. Financial details were not disclosed.

UPS recently announced an agreement to sell its UPS Logistics Technologies unit to Thoma Bravo, LLC, a leading private equity investment firm. Financial details were not disclosed.

Thursday, November 18, 2010

UPS Freight, the less-than-truckload (LTL) subsidiary of UPS said this week it has improved transit times between U.S. cities and Calgary and Edmonton, Alberta, Canada.

Tuesday, November 16, 2010

Provisions that block foreign firms from bidding on major contracts with the federal government will stifle trade, says UPS