UPS

By Jeff Berman · August 12, 2013
Last week, Rotunda Capital Partners, a middle market private equity firm, announced it sold off global logistics services provider Worldwide Express to an investment group, which included a significant investment from Worldwide’s management team.
By John D. Schulz · July 18, 2013
The company was dealt an historic rebuke when the largest union contract in North America covering 235,000 full- and part-time Teamsters at UPS’s parcel division rejected 18 side agreements known as supplemental agreements. The master parcel contract was passed by a narrow 53-47 margin.
By Jeff Berman · July 12, 2013
UPS said today it is lowering its diluted earnings per share guidance to $1.13, which is below the Wall Street estimate of $1.20.
By Jeff Berman · July 2, 2013
The company said that this offering is a proactive shipment monitoring and risk management product that protects consumers against lost profits, as well as help ensure time- and temperature-sensitive shipments reach their destinations while guaranteeing up to the retail value, and other costs, when unexpected events occur, such as weather delays.
By Jeff Berman · June 27, 2013
UPS intends to buy an additional 285 natural-gas powered trucks in 2014, which will cover every new heavy-duty vehicle purchased for its small-package delivery business, according to a Bloomberg News report.
By LM Staff · June 26, 2013
While Teamsters at UPS Freight, the less-than-truckload subsidiary of UPS, recently rejected a proposed labor contract, UPS said today that its employees represented by the Teamsters have voted to approve a new National Master contract, which covers roughly 235,000 full- and part-time employees in the United States.
By John Schulz · June 25, 2013
Following news of a tentative agreement between the International Brotherhood of Teamsters and transportation and parcel bellwether UPS roughly two months ago, it now appears that the deal is off.
By Patrick Burnson · June 13, 2013
The amount of data in our world has been exploding, and analyzing large data sets—so-called big data—will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus, according to research by The McKinsey Global Institute (MGI) and McKinsey’s Business Technology Office.
By Jeff Berman · May 8, 2013
While UPS and the Teamsters Union came to a tentative agreement on two, new five-year contracts for UPS’s small package and freight (less-than-truckload) business units last week, one of its key delivery services, UPS SurePost, may be subject to some changes if the deal is formally ratified.
By Jeff Berman · April 29, 2013
On top of announcements heralding its first quarter earnings and its brokered deal with union membership last week, transportation and parcel bellwether UPS made inroads on other fronts, too, including its planned acquisition of CEMELOG, Zrt., a pharmaceutical logistics company based in Hungary, and rolling out its plan to purchase roughly 700 liquefied natural gas (LNG) vehicles and build four refueling stations by the end of next year.
By John Schulz · April 26, 2013
UPS said yesterday that it has reached a tentative agreement with the Teamsters on two, new five-year contracts for UPS’s small package and freight business units.
By Jeff Berman · April 25, 2013
UPS reported today that first quarter revenue rose 2.2 percent year-over-year to $13.43 billion, with operating profit up 0.7 percent at $1.58 billion. Quarterly earnings per share—at $1.04—saw a 7.4 percent gain and beat Wall Street analysts expectations of $1.01 per share.
By John D. Schulz · March 25, 2013
UPS and the Teamsters union are “far apart” during their ongoing contract talks that began with optimism last year that an agreement could be reached before the current five-year deal expires July 31.
By Jeff Berman · March 21, 2013
UPS has officially acquired the 49 percent interest of Vietnam-based VN Express in the joint delivery venture between the companies, whom initially first partnered in 1994, with VN Express serving at UPS’s authorized agent in Vietnam, prior to establishing a joint stock company in 2010.
By Jeff Berman · February 28, 2013
This service, said UPS, provides shippers with time-in-transit improvements that leverage its existing North American freight network.

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