UPS Inc. has set a goal of reducing carbon emissions 20% by 2020 after meeting its previous emissions reduction goal early, the package carrier said.
July 30, 2014Business
UPS’ 2Q Profit Improves, Excluding Pension Charge
UPS Inc.’s second-quarter profit improved 4.5% to $1.12 billion, excluding a one-time pension charge, driven by revenue growth in all of its shipping segments.
July 29, 2014Business
UPS Plans to Invest $1 Billion in European Operations
UPS Inc. plans to invest $1 billion in its European operations in the next three to five years, chief financial officer Kurt Kuehn told a German newspaper, Reuters reported.
July 2, 2014Business
UPS to Use Dimensional Pricing for All Packages
UPS Inc. said it plans to begin using dimensional pricing to calculate rates for all ground shipments, as carriers shift pricing strategy to match lighter-weight packages.
June 17, 2014Business
UPS Names David Abney CEO, Effective Sept. 1
UPS Inc. named David Abney its new CEO, effective Sept. 1, succeeding Scott Davis, 62, who has been the company’s chairman and CEO since 2008.
June 6, 2014Business
Severe Winter Cuts UPS Earnings; Package Unit Hurt Most by Storms
UPS Inc. last week said its first-quarter net income fell 12%, as higher costs triggered by bad winter weather cut companywide profitability by $200 million.
April 28, 2014Business
UPS Reports Lower 1Q, Citing Bad Weather, Higher Expenses
UPS Inc. reported lower first-quarter income from a year ago, citing severe weather and higher expenses.
April 24, 2014Business
UPS Expands Capacity at Three North American Facilities
UPS Inc. said it has expanded capacity at facilities in Calgary, Alberta; Hebron, Ky.; and Mira Loma, Calif., driven by demand in the retail, manufacturing and health-care industries.
April 14, 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 Opens Sorting Facility at Mexican Border
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, 2014