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, 2014Business
UPS Freight Teamsters Vote on New Five-Year Contract
The tentative agreement between UPS Freight and employees represented by the Teamsters went to a vote last week, seven months after the company’s original proposal was rejected by a wide margin.
January 13, 2014Business
Union Leaders Endorse New UPS Freight Deal, Clearing Way for Vote
Local Teamsters leaders cleared the way for members in UPS Inc.’s Freight unit to vote on a new tentative contract that comes seven months after the company’s original proposal was rejected by the union by a wide margin.
January 7, 2014Business
Parcel Carriers Work to Resolve Christmas Problems
Parcel carriers UPS Inc. and FedEx Corp. worked diligently in the days following Christmas to deliver packages that missed the promised Dec. 24 deadline.
December 30, 2013Business
UPS to Expand Memphis Airport Facility
UPS Inc. plans to spend $80 million to expand its facility near Memphis International Airport, according to the development board of Memphis, Tenn.
November 19, 2013