UPS Inc. reported a higher second-quarter profit but cut its full-year earnings forecast, citing concern of a slowing global economy.
July 24, 2012Business
UPS Reports Drop in Net Income, But Offers Upbeat Forecast on 4Q
Parcel carrier UPS Inc. said its third-quarter net income fell 56.3% to $469 million from a year earlier due to a one-time charge on pension funding, but its upbeat forecast for the fourth quarter led its stock to jump 3% immediately following the company’s Oct. 23 report.
October 29, 2012Business
UPS, Teamsters Begin Talks on New Labor Contract
UPS Inc. last week began contract talks with the Teamsters union, while the company awaited additional developments in its planned $6.7 billion purchase of TNT Express N.V., its largest-ever planned acquisition.
October 1, 2012Business
UPS to Restructure New England Teamsters’ Pension Pact
UPS Inc. said it reached an agreement with the Teamsters union to restructure a pension plan covering 10,200 union workers in the New England region.
August 27, 2012Business
LTL Boosts UPS’ 2Q Results; Firm Warns on Rest of 2012
UPS Inc. raised second-quarter earnings to $1.12 billion, with help from its less-than-truckload unit, but the biggest parcel and freight carrier warned that its second-half profit will be diminished by a weakening U.S. economy.
July 30, 2012Business
UPS Extends TNT Deal Closure Date to 4Q
UPS Inc. said it expects its $6.3 billion acquisition of TNT Express NV will close in the fourth quarter, from an earlier projected Aug. 31 date, due to more time for review by European regulators.
July 16, 2012Business
UPS Freight Sets 5.9% Rate Increase
UPS Freight, the less-than-truckload unit of UPS Inc. said it was raising its rates an average 5.9%, effective July 16.
July 2, 2012Business
UPS’ $6.3 Billion Offer for TNT Begins Friday
UPS Inc. said its approximately $6.3 billion offer for Dutch package firm TNT Express will begin Friday and run through Aug. 31.
June 21, 2012Business
UPS, Teamsters Agree to Begin Contract Talks in September
The Teamsters union and UPS Inc. agreed this week to begin negotiations in late September on national UPS Inc. and UPS Freight contracts covering about 250,000 union members nationwide.
June 7, 2012Business
UPS Adds Early Deliveries for 2,600 U.S. ZIP Codes
UPS Inc. said it is establishing additional early morning delivery times for air and ground shipments in 2,600 ZIP codes as part of the company’s latest effort to enhance service to business customers.
May 25, 2012