United States

United Parcel Service Inc (UPS.N)

UPS.N on New York Stock Exchange

21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

UPS says co's unit amended the UPS retirement plan and the UPS excess coordinating benefit plan
Tuesday, 27 Jun 2017 04:10pm EDT 

June 27 (Reuters) - UPS :UPS - on june 23, co's unit amended the ups retirement plan and the ups excess coordinating benefit plan - sec filing.UPS - amended retirement plan to cease accruals of additional benefits for future service, compensation for non-union participants effective jan 1, 2023.UPS - concurrently, the company also amended the ups 401(k) savings plan effective january 1, 2023.UPS - company will reflect the impact of the remeasurement of the assets and liabilities of the amended plans and the curtailments as of june 30, 2017.UPS - the amendment provides for transition contributions to certain participants starting january 1, 2023.Amended ups 401(k) savings plan to make previously ineligible non-union u.s. Employees eligible for ups retirement contributions.UPS - non-union retirees already collecting benefits and former employees with a vested benefit will not be affected by co's amendments.UPS - employees affected by co's amendments will keep the benefits earned in the defined benefit plan through january 1, 2023.UPS - if applicable provisions of the code would limit any of contributions to 401(k) plan, such contributions will be made to ups restoration savings plan.  Full Article

UPS announces new sustainability goals to its fleet
Tuesday, 27 Jun 2017 08:00am EDT 

June 27 (Reuters) - United Parcel Service Inc :UPS - announced new sustainability goals to add more alternative fuel, advanced technology vehicles to fleet while increasing its reliance on renewable energy sources.UPS - goals support UPS's commitment to reduce its absolute greenhouse gas emissions from global ground operations 12 percent by 2025.UPS - by 2020 UPS plans that one in four new vehicles purchased annually will be alternative fuel or advanced technology vehicle, up from 16 percent in 2016.  Full Article

Boeing, UPS announce agreement for 767 passenger to freighter conversions
Monday, 19 Jun 2017 05:52am EDT 

June 19 (Reuters) - Boeing Co ::Boeing, UPS announce agreement for 767 passenger to freighter conversions.Boeing - co, UPS says an order at 2017 Paris Air Show to convert three 767 passenger airplanes into Boeing converted freighters.  Full Article

UPS ‍plans for a new package processing hub in Goodyear, Arizona​
Thursday, 1 Jun 2017 02:00pm EDT 

June 1 (Reuters) - United Parcel Service Inc ::Plans for a new package processing hub in Goodyear, Arizona​.Portion of new package processing hub is expected to begin operating later this year.‍UPS investment of over $180 million is part of increased capital commitment globally.Phased hub construction modifies a 618,000 square foot structure on 140 acres in PV303 development​.  Full Article

UPS and SF Holding to establish joint venture
Friday, 26 May 2017 10:06am EDT 

May 26 (Reuters) - UPS Canada ::UPS and SF Holding to establish joint venture.Through this agreement parties will leverage their complementary networks, service portfolios, technologies and logistics expertise.UPS Canada says ‍plans to establish a jv and collaborate to develop, provide international delivery services initially from china to u.s., with expansion plans.  Full Article

United Parcel Service announces offering of C$750 mln of senior notes
Tuesday, 16 May 2017 06:19am EDT 

May 16 (Reuters) - United Parcel Service Inc :UPS - offering C$750 million of 2.125% senior notes due 2024 - sec filing.UPS - will pay interest on the notes semi-annually on May 21 and November 21 of each year, commencing November 21, 2017.UPS - notes will bear interest at the rate of 2.125% per annum; the notes will mature on May 21, 2024.  Full Article

UPS files for potential floating rate senior notes and senior notes offering - SEC filing
Thursday, 11 May 2017 09:13am EDT 

May 11 (Reuters) - United Parcel Service Inc :UPS files for potential floating rate senior notes and senior notes offering, size not disclosed - SEC filing.  Full Article

UPS Express Critical Service launches in Europe
Wednesday, 10 May 2017 09:30am EDT 

May 10 (Reuters) - United Parcel Service Inc :UPS Express Critical Service launches in Europe.UPS - launched in Europe for urgent, time-critical shipments that require special handling such as aircraft parts or surgical tools.  Full Article

UPS Board says regular quarterly dividend of $0.83 per share
Thursday, 4 May 2017 05:02pm EDT 

May 4 (Reuters) - United Parcel Service Inc ::UPS board announces quarterly dividend.Sets regular quarterly dividend of $0.83per share.  Full Article

UPS to acquire Ireland-based Nightline Logistics Group
Wednesday, 3 May 2017 07:00am EDT 

May 3 (Reuters) - UPS ::Terms of acquisition were not disclosed.Says Nightline is a privately held company.Ups to acquire Ireland-based Nightline Logistics Group.  Full Article

DIARY-U.S. earnings week ahead

July 21 Diary of U.S. (.SPX) corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EST unless otherwise stated ** U.S. EARNINGS Start Date Start Time RIC Company Event Name 24-Jul-2017 08:00 ITW.N Illinois Tool Works Inc Q2 2017 Illinois Tool Works Inc Earnings Release 24-Jul-2017 BMO HAS.O Hasbro Inc