BUSINESS
January 11, 2008 | From Times Wire Services
United Parcel Service Inc. sold $4 billion of bonds in a three-part offering, according to Bloomberg News data. Proceeds from the debt sale will help fund the Atlanta-based package delivery company's withdrawal from the Central States pension fund, Lisa Jenkins, a Standard & Poor's analyst, wrote in a research report Thursday.
BUSINESS
December 29, 2007 | From Bloomberg News
United Parcel Service Inc., the world's largest package delivery company, must prove that allowing deaf workers to drive its smaller trucks is unsafe if it wants to continue barring them from such vehicles, an appeals court said Friday. The panel of judges on the U.S. Court of Appeals in San Francisco, reversing rulings by three of its members and a lower court, said Atlanta-based UPS must be given the chance to show a connection between deaf drivers and safety.
BUSINESS
November 10, 2007 | From Times Wire Services
UPS said it would increase rates for ground, air express and international shipments that originate in the United States by an average 4.9%, effective Dec. 31. United Parcel Service Inc. said the increase for air express and international shipments is based on a 6.9% increase in the base rate, less a 2% reduction in the current fuel surcharge. The increases announced by the Atlanta company appear to be in line with those recently announced by Memphis, Tenn.-based FedEx Corp.
BUSINESS
October 1, 2007 | From Bloomberg News
United Parcel Service Inc. on Sunday reached a tentative, five-year agreement with the union that represents about 240,000 full- and part-time UPS employees in the United States. UPS said the deal included wage increases and significant contributions to healthcare and pension plans for the International Brotherhood of Teamsters. The agreement beats a deadline today that the union had set for a tentative contract.
BUSINESS
April 25, 2007 | From Bloomberg News
United Parcel Service Inc. will get a new hearing on whether the Atlanta-based company violated federal law by barring hearing-impaired employees from driving smaller trucks. A full panel of judges of the U.S. 9th Circuit Court of Appeals in San Francisco agreed to rehear the case. Last year a three-judge panel of the same court said that although UPS must exclude deaf people from driving vehicles weighing more than 10,000 pounds, in accordance with U.S.
BUSINESS
March 3, 2007 | From the Associated Press
Airbus was left with an empty order book for the cargo version of its much-delayed super-jumbo jet after United Parcel Service Inc. said Friday that it would cancel its 10-plane order. The move comes just a week after UPS and Airbus reached a revised agreement that gave either party the right to terminate the order. UPS said it decided to cancel after it learned that Airbus was diverting employees from the freighter program to work on its passenger plane program.