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UPS Inc. has launched a new ocean shipping service from Asia to the United for less-than-container loads it said will be 20% faster.

UPS Inc. said it now expects to furlough 230 pilots, fewer than the 300 it estimated in February, due to improving financial conditions, the Associated Press reported.

UPS Inc. plans to open two health-care-logistics hubs in Singapore and China to tap rising regional demand for medical devices and drugs, Bloomberg reported Friday.

UPS Inc. said Monday it has set a goal to increase its automotive fuel efficiency by 20% between 2000 and 2020.

UPS Inc. “fired on all cylinders” in the second quarter, boosting profits and firming rates, despite spottiness in the global economic recovery, Chief Executive Officer Scott Davis said July 22.

Federal officials have rejected a bid by the Teamsters union to begin a 30-day countdown to a potential strike against UPS Inc. by its aircraft mechanics, the Associated Press reported.

UPS Inc.’s less-than-truckload unit is headed for a return to profitability in 2010 as part of a companywide increase in earnings, which jumped 32.9% in the first quarter, officials said last week.

UPS Inc. Tuesday formally issued its first-quarter earnings statement, matching the increase it first released earlier this month, and said its sales rose 7.2%.

UPS Inc. and FedEx Corp. have begun getting flights through their major European hubs, following the slowdown in air traffic this week due to the volcano in Iceland, the Philadelphia Inquirer reported.