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United States

United Parcel Service Inc (UPS.N)

UPS.N on New York Stock Exchange

119.60USD
9 Dec 2016
Change (% chg)

$0.62 (+0.52%)
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Latest Key Developments (Source: Significant Developments)

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

Union urges United Parcel Service pilots to vote on authorizing strike - Reuters
Tuesday, 8 Sep 2015 08:00pm EDT 

United Parcel Service:The union representing pilots at United Parcel Service Inc said it had urged them to vote to authorize a strike - Reuters.The Independent Pilots Association said on Sept.9 that if the pilots voted in favor of authorizing a strike, its board would have the authority to request a release from federally mediated negotiations with UPS - Reuters.The National Mediation Board has been mediating since early 2014 in contract negotiations between UPS and its pilots union on issues related to compensation, pension and benefits - Reuters.  Full Article

United Parcel Service Inc completes Coyote Logistics Acquisition
Tuesday, 18 Aug 2015 02:00pm EDT 

United Parcel Service Inc:Completed the closing of the acquisition of Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company.  Full Article

United Parcel Service Inc announces quarterly dividend
Friday, 7 Aug 2015 01:45am EDT 

United Parcel Service Inc:Announces a regular quarterly dividend of $0.73 per share on all outstanding Class A and Class B shares.Says the dividend is payable Sep. 1 to shareowners of record on Aug. 17.  Full Article

United Parcel Service reaffirms FY 2015 EPS guidance
Tuesday, 28 Jul 2015 07:45am EDT 

United Parcel Service:Expects FY 2015 diluted earnings per share in the range of $5.05-$5.30, a 6 pct to 12 pct increase over adjusted 2014 results.FY 2015 EPS of $5.19 - Thomson Reuters I/B/E/S.  Full Article

UPS fired driver for union activities, social media use - NLRB judge

United Parcel Service Inc violated federal labor law when it fired a driver in Pennsylvania for his union activities and criticism of the company on social media, a National Labor Relations judge in Washington D.C. ruled on Friday.