Filed in UPS

Tuesday, November 02, 2010

UPS announced that new rates will kick in, effective January 3, 2011. Company officials said that 2011 rates will include a net increase of 4.9 percent for UPS ground packages and a net increase of 4.9 percent on all air express and U.S. origin international shipments.

Friday, October 29, 2010

Several media outlets are reporting that two United States airports—Newark, N.J. Liberty International Airport and Philadelphia International Airport—are on high alert after a UPS cargo plane originating in Yemen and had transited through Europe was carrying a suspicious package, which contained a printer toner package which was tampered with and resembled an improvised bomb.

Thursday, October 21, 2010

Keeping in line with the second quarter, UPS reported solid third quarter results earlier today. Quarterly revenue—at $12.19 billion—was up 9.3 percent year-over-year, and operating profit—at $1.6 billion—was up 74 percent. Net income at $991 million was up 80.5 percent, and earnings per share—at $0.93—were up 69 percent and topping Wall Street estimates that were in the $0.80-$0.92 range.

Friday, October 08, 2010

Taking steps to keep pace with its global rivals, UPS is aiming to set up domestic service in China, according to a recent Financial Times report. According to the FT, UPS recently submitted an application for a domestic license to the China State Post Bureau, a local regulator, in order to offer shippers in China domestic next-day delivery service and second and third day delivery products.

Friday, September 24, 2010

Earlier this week, the House of Representatives voted to extend the current authorization for federal aviation programs through December 31, 2010 in what would be the 16th extension voted by Congress since the authorization’s scheduled expiration date in 2007, according to the House Transportation and Infrastructure Committee.

Thursday, September 16, 2010

Earlier this week, UPS said it has rolled out a new less-than-container (LCL) service between Japan and the United States.

Tuesday, August 24, 2010

Citing improving financial conditions, UPS said it is reducing the number of its planned pilot furloughs from 300 down to 230, according to an Associated Press report.

Friday, August 13, 2010

UPS has rolled out a new consumer-to-business returns service, representing a step forward in reverse logistics.

Monday, August 02, 2010

Late last week, Congress passed House passed the Airline Safety and Federal Aviation Administration Extension Act of 2010, which will extend FAA’s funding through September 30.

Thursday, July 22, 2010

Despite an uneven economy, UPS earlier today reported strong second quarter results. The company said that quarterly revenue—at $12.2 billion—was up 12.7 percent year-over-year, and operating profit—at $1.4 billion—was up 56.6 percent. Earnings per share—at $0.84—were up 71 percent.