UPS News Updates

Business

UPS Inc.’s Profit Surges 66% in First Quarter

UPS Inc. said its first-quarter profit jumped 66% from a year earlier, as revenue grew 7.3%, helping boost net income over the earlier three-month period that was beset with lower volumes and several one-time charges, the Atlanta-based corporation said on April 26.

May 2, 2011
Business

UPS Reports Higher 1Q Profit; Boosts Full-Year Earnings Forecast

UPS Inc. said Tuesday its first-quarter improved as its supply chain and freight unit’s operating profit jumped 44%.

April 26, 2011
Business

UPS Airlines’ Mechanics Ratify Contract

UPS Inc. said its aircraft mechanics represented by the Teamsters union have ratified a new labor contract that runs through Nov. 1, 2013.

April 7, 2011
Business

UPS Picks Wicker for New Post

UPS Inc. said it selected Scott Wicker, one of its veteran engineers, as the corporation’s first chief sustainability officer.

March 25, 2011
Business

UPS, FedEx Suspend Some Japan Service Due to Earthquake

UPS Inc. and FedEx Corp. suspended some package-delivery service in and around Tokyo because of Japan’s earthquake Friday, while several truck and auto makers scrambled to assess the damage in that country, Bloomberg reported.

March 14, 2011
Business

UPS Buys 48 LNG Heavy Trucks

UPS Inc. has purchased 48 heavy trucks powered by liquefied natural gas and will deploy them this year, it said Tuesday.

February 22, 2011
Business

UPS Posts $1.12 Billion 4Q Profit as Volume, Rates Rise

UPS Inc. nearly doubled its fourth-quarter net earnings, which shot up to $1.12 billion as volumes and pricing improved across almost all business segments, the parcel carrier said Feb. 1.

February 7, 2011
Business

UPS Boosting Dividend

Two days after posting a big fourth-quarter profit, UPS Inc. said it is boosting its dividend by 5 cents per share.

February 3, 2011
Business

UPS’ Fourth-Quarter Income Jumps

UPS Inc. said Tuesday its fourth-quarter and full-year net income rose as it delivered almost 4 billion packages in 2010, and that it expects its 2011 profits to hit an all-time high.

February 1, 2011
Business

UPS to Sell Logistics Tech Business

UPS Inc. said Friday it will sell its UPS Logistics Technologies unit to Thoma Bravo, a private equity firm.

November 19, 2010