UPS Inc. said it has opened a new package sorting and delivery facility in Laredo, Texas, on the border with Mexico, to double the site’s previous capacity.
March 19, 2014Business
Louisville Teamsters Reject Side Deal to UPS Pact
Teamsters at UPS Inc.’s Louisville air hub rejected a side agreement proposal by a wide margin as roadblocks still remain to full implementation of the nation’s largest transport labor contract.
April 11, 2014Business
UPS Freight to Raise Rates 4.4%
UPS Freight said it will raise its rates on average 4.4% for less-than-truckload shipments, effective March 31.
March 14, 2014Business
UPS to Buy 1,000 Propane-Fueled Trucks
UPS Inc. said it is planning to purchase 1,000 propane-fueled delivery trucks and install 50 fueling stations at its facilities, representing a $70 million investment.
March 6, 2014Business
UPS Acquires UK Health-Care Logistics Firm
UPS Inc. said it has acquired Polar Speed, a U.K.-based health-care logistics company. Terms were not disclosed.
February 11, 2014Business
UPS to Bolster Package Network as Holiday Surge Hurts Earnings
UPS Inc. last week outlined new steps to strengthen its domestic package network this year in the wake of an 8.5% decline in profit triggered by an unexpected late surge of holiday shipments.
February 3, 2014Business
UPS’ 4Q Profit Rises
UPS Inc. said its net income rose in the fourth quarter compared with a year earlier, but fell on an adjusted basis due to unexpected volume and inclement weather.
January 30, 2014Business
UPS Freight Employees Approve 5-Year Pact Making Them Highest-Paid Drivers in Sector
UPS Inc. finished another part of its Teamsters contract last week when Freight unit workers approved by a wide margin a five-year agreement, making them the best-paid drivers in the less-than-truckload industry, the union said.
January 20, 2014Business
UPS Says Holiday Surge, Short Season Lowered Profits
UPS Inc. said an unexpected surge of last-minute Internet gift orders during a compressed peak holiday season strained its delivery system, leading to fourth-quarter earnings of about $1.25 per share, or 18 cents below Wall Street estimates.
January 17, 2014Business
UPS Freight Teamsters Approve 5-Year Pact
UPS Freight employees in the Teamsters union approved a five-year agreement that gives workers a total $2.50 per hour wage boost that the union said makes them the best-paid drivers in the less-than-truckload industry.
January 13, 2014