United States

United Parcel Service Inc (UPS.N)

UPS.N on New York Stock Exchange

30 Sep 2016
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$1.15 (+1.06%)
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Latest Key Developments (Source: Significant Developments)

United Parcel Service files for floating rate senior notes
Wednesday, 8 Jun 2016 06:10am EDT 

United Parcel Service Inc :Files for floating rate senior notes due 2066 of up to $73.1 million - SEC filing.  Full Article

United Parcel Service Inc files for potential floating rate senior notes due 2066
Monday, 6 Jun 2016 12:21pm EDT 

United Parcel Service Inc : Files for potential floating rate senior notes due 2066, size not disclosed - SEC filing Source - (http://bit.ly/25HJaqt) Further company coverage: [UPS.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

UPS expands operations at San Antonio Facility
Tuesday, 10 May 2016 10:30am EDT 

United Parcel Service Inc : UPS expands operations at San Antonio facility . Project will add capacity for more than 150 more delivery vehicles - called "package cars" . Expansion will add about 171,000 square feet, bringing building's footprint to more than 330,000 square feet . Will also add 40 class 8 compressed natural gas (CNG) tractors that will be fueled by a new on-site CNG fueling station .Building's team will continue to provide package pickup and delivery services during project which is expected to be complete mid-2017.  Full Article

United Parcel Service Inc - UPS asks EU court to annul EU veto of its 2013 TNT bid - Reuters News
Wednesday, 6 Apr 2016 03:55am EDT 

United Parcel Service Inc:Thwarted in its bid to acquire Dutch peer TNT three years ago, U.S. package delivery company UPS UPS.N took its case to court on Wednesday, asking judges to overturn the EU veto because of "manifest errors" made by antitrust regulators. - RTRS.While TNT has since moved on with its tie-up with FedEx, the UPS challenge is important because it allows Europe's second-highest court to rule on key merger principles that could affect other problematic deals.The world's biggest package delivery company wanted to expand its presence in the fast-growing Asian and Latin American markets through the 5.2-billion-euro ($5.90 billion) deal.But the takeover was blocked by the European Commission because it said UPS had not offered sufficient concessions to fend off competition concerns.The EU competition enforcer in January this year cleared the FedEx and TNT deal without setting any conditions.The Commission's decision is riddled with mistakes and weak legal arguments, UPS is expected to tell the Luxembourg-based General Court."The Commission committed an error of law and a manifest error of assessment when examining the likely price effects of the concentration," the company said, according to a filing in the Commission's Official Journal."By setting an arbitrary standard for verifiability of efficiencies, the Commission erred in law and diverged from the standard set by the case law.".  Full Article

United Parcel Service Inc elected David P. Abney as Chief Executive Officer and Chairman; declares dividend
Wednesday, 10 Feb 2016 04:15pm EST 

United Parcel Service Inc:Unanimously elected David P. Abney, UPS Chief Executive Officer, as Chairman of the Board, effective immediately.Abney succeeds Scott Davis as Chairman, who will retire from his position on the UPS Board effective as of the 2016 Annual Meeting of Shareowners.Declared a regular quarterly dividend of $0.78 per share on all outstanding Class A and Class B shares.The dividend is payable March 9, 2016, to shareowners of record on February 22, 2016.  Full Article

United Parcel Service Inc expands agreement for renewable liquefied natural gas in texas
Wednesday, 10 Feb 2016 10:00am EST 

United Parcel Service Inc:UPS expands agreement for renewable liquefied natural gas in Texas.Expanded agreement with Clean Energy Fuels to use up to 500,000 gallon equivalents of renewable liquefied natural gas (rlng) annually in Texas.Says UPS stations in Houston and mesquite will dispense the rlng to a fleet of about 140 UPS tractors.Using about 1.5 million gallon equivalents of renewable compressed natural gas annually in California.  Full Article

United Parcel Service Inc gives FY 2016 EPS guidance in line with analysts' estimates
Tuesday, 2 Feb 2016 07:45am EST 

United Parcel Service Inc:Says guidance for FY 2016 diluted earnings per share (EPS) is $5.70 to $5.90 an increase of 5% to 9% over adjusted FY 2015 results.FY 2016 EPS of $5.73 - Thomson Reuters I/B/E/S.  Full Article

UPS pilots (Independent Pilots Association) vote to authorize strike against United Parcel Service
Friday, 23 Oct 2015 10:53am EDT 

United Parcel Service:UPS pilots voted 2,252 to 8 to authorize a strike against United Parcel Service. With just under 97 percent member participation.The five-pilot IPA Executive Board now has the authority to formally request a release from federally mediated negotiations with UPS, and the discretion to conduct a strike once mediation is concluded.UPS and IPA are scheduled to return to the bargaining table in early November with the federal mediator retaining the right to cancel scheduled sessions.  Full Article

Canada Council of Teamsters ratifies 5-year agreement with United Parcel Service
Friday, 23 Oct 2015 07:12am EDT 

United Parcel Service:Canada council of teamsters ratifies five-year agreement with UPS.Canada says new five-year agreement covering approximately 7,000 employees throughout Canada.Canada says provisions of the new five-year contract have an effective date of August 1, 2015 and will extend through July 31, 2020.Canada says new contract provides wage increases, enhancements to the pension plan as well as an increase in benefits.  Full Article

United Parcel Service must face New York lawsuit over illegal cigarette shipments - Reuters
Tuesday, 15 Sep 2015 08:00pm EDT 

United Parcel Service:A federal judge said New York State and New York City may pursue a lawsuit accusing United Parcel Service Inc UPS.N of illegally delivering more than 683,000 cartons of untaxed cigarettes in the state, depriving them of millions of dollars in taxes - Reuters.U.S. District Judge Katherine Forrest in Manhattan rejected UPS' argument that the lawsuit, which sought more than $181 million of damages and penalties, did not properly allege that it delivered contraband cigarettes to unauthorized recipients, or did so deliberately - Reuters.UPS was accused of having since 2010 illegally shipped unstamped cartons of cigarettes to unlicensed wholesalers, unlicensed retailers and residences, often from smoke shops on Indian reservations within New York - Reuters.  Full Article


With U.S. drone rules set, firms race for flight data

United Parcel Service Inc's launch this week of drone test flights simulating emergency medical-supply deliveries highlights a race for data to prove such deliveries can be performed safely.