Elite UPS Safe Driver Group Grows to 9,349
UPS Inc. has announced the induction of 1,575 drivers into its “Circle of Honor,” raising to 9,349 the number of drivers who have gone 25 years or more without an avoidable accident — accounting for nearly 10% of the UPS driver workforce.
February 21, 2017UPS Escalates Reliance on Solar Energy
UPS Inc. announced a significant escalation of its investment in solar energy as an owner/operator of solar assets starting with at least eight of its facilities in the United States.
February 10, 2017UPS Takes $239 Million Loss in 4Q Because of Charge on Pension Assets
UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets worth $1.67 billion after taxes from what was an otherwise profitable period. For the last three months of 2015, the after-tax charge was $79 million.
UPS Posts 27-Cent Quarterly Loss on Pension Adjustment
UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets, decreasing net income by $1.67 billion from what was an otherwise profitable period. For the same issue at the end of 2015, the charge decreased profitability by $79 million.
UPS Acquires U.K.-Based Freightex
UPS Inc. acquired Freightex, a United Kingdom-based asset-light logistics services provider that will provide a “new global and regional growth platform” from an established base of customers and carriers, it said.
January 9, 2017UPS' 'National Returns Day' Expected to Break Records
UPS expects to deliver 1.3 million returned packages to retailers on Jan. 5, which the company has dubbed "National Returns Day," according to a press release from the company.
UPS Debuts Delivery by Electric Bike in Portland, Ore.
UPS Inc. will be swapping one of its big brown trucks for a big brown bike. The Atlanta logistics company said Dec. 7 that it's testing delivery by electric bicycle in Portland, a first for the company in the United States.
VIDEO: UPS CEO: ‘We’re Not Sure’ There Will Be Trade Negatives Under Trump
UPS CEO David Abney told CNBC cutting regulation and growing infrastructure are likely positives.
UPS Mechanics Complain of Faulty, Dangerous Equipment
The union representing aircraft maintenance workers at UPS Inc., including those at the hub at Ontario International Airport, claimed in court the company has repeatedly failed to keep workers safe on the job.
UPS to Hike Rates Again, Based on Dimensional Weight Calculation Change
Two months after UPS Inc. announced that it would raise rates next year, the company stated it will add a price hike through changes to the dimensional weight calculation for North American parcels and freight effective Jan. 8.