UPS News Updates

Business

UPS Adds Saturday Deliveries to Meet Online Shopping Demand

UPS Inc. will add Saturday ground deliveries, making one of the biggest shipping-time changes in its 109-year history in response to rising demand from online shoppers.

April 3, 2017
TCA

UPS Seeks Tax Incentives for Texas Shipping Hub

UPS Inc. is seeking tax incentives to create a regional shipping hub with up to 1,400 jobs in an industrial warehouse district in southeast Arlington, Texas.

March 27, 2017
TCA

UPS Chief鈥檚 Pay Rose More Than 20% to $13.7 Million Last Year

UPS Inc. CEO David Abney鈥檚 pay increased more than 20% last year even as the package deliverer struggled with weakening profits from dropping off online orders at homes.

March 17, 2017
TCA

His Way on The Highway: 35-Year Floridian UPS Veteran Driver Has Seen It All

Bill Thompson, today a Royal Palm Beach, Florida, resident, was hired almost 35 years ago by UPS Inc. to drive one of the company鈥檚 ubiquitous brown package delivery trucks. Since then, he estimates he鈥檚 driven more than 2 million miles.

March 3, 2017
Business

UPS Tries Arming Its Brown-Clad Drivers With an Octocopter Drone

UPS Inc. sees a day when your latest purchase may be dropped off not by a brown-clad delivery driver, but by an octocopter drone.

February 21, 2017
Business

Elite UPS Safe Driver Group Grows to 9,349

UPS Inc.聽has announced the induction of 1,575 drivers into its聽鈥淐ircle of Honor,鈥 raising to 9,349 the number of drivers who have gone 25 years or more without an聽avoidable accident 鈥 accounting for nearly 10% of the UPS driver workforce.

February 21, 2017
Business

UPS Escalates Reliance on Solar Energy

UPS Inc. announced a significant escalation of its investment in solar energy as an owner/operator of solar assets starting with at least eight of its facilities in the United States.

February 10, 2017
Business

UPS Takes $239 Million Loss in 4Q Because of Charge on Pension Assets

UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time 鈥渕ark to market鈥 charge on pension assets worth $1.67 billion after taxes from what was an otherwise profitable period. For the last three months of 2015, the after-tax charge was $79 million.

February 6, 2017
Business

UPS Posts 27-Cent Quarterly Loss on Pension Adjustment

UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time 鈥渕ark to market鈥 charge on pension assets, decreasing net income by $1.67 billion from what was an otherwise profitable period. For the same issue at the end of 2015, the charge decreased profitability by $79 million.

January 31, 2017
Business

UPS Acquires U.K.-Based Freightex

UPS Inc. acquired Freightex, a United Kingdom-based asset-light logistics services provider that will provide a 鈥渘ew global and regional growth platform鈥 from an established base of customers and carriers, it said.

January 9, 2017