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United Parcel Service Inc

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BUSINESS
December 29, 2000 | Reuters
United Parcel Service Inc., the world's largest package delivery company, said it would raise rates in February by somewhat less than rival FedEx Corp.'s increases. Atlanta-based UPS said it would raise its air express rates 3.7% and raise ground delivery rates 3.1%, beginning Feb. 5. UPS changed its residential surcharge to $1.05 per package from $1 and raised international export rates 2.9%. A fuel surcharge of 1.
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BUSINESS
December 3, 2005
* South Korean automaker Hyundai Motor Co. said it decided against buying Gardena property that Nissan Motor Co. plans to sell after the Japanese company moves its U.S. headquarters to Tennessee next year. * FedEx Corp. said it would raise ground-shipment rates Jan. 2 by 3.9%, matching an increase announced last month by United Parcel Service Inc.
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BUSINESS
December 3, 2005
* South Korean automaker Hyundai Motor Co. said it decided against buying Gardena property that Nissan Motor Co. plans to sell after the Japanese company moves its U.S. headquarters to Tennessee next year. * FedEx Corp. said it would raise ground-shipment rates Jan. 2 by 3.9%, matching an increase announced last month by United Parcel Service Inc.
BUSINESS
July 20, 2001 | From Bloomberg News and Reuters
Delta Air Lines Inc. and Northwest Airlines Corp. on Thursday reported steep second-quarter losses, joining other industry leaders in reporting continued financial suffering as a result of higher fuel and labor expenses and lower spending by corporate travelers. Profit fell at Southwest Airlines Co. and Alaska Air Group Inc. Northwest, the nation's fourth-largest carrier, also said it will eliminate 1,500 jobs, equal to 2.8% of its work force, and scale back flights to reduce expenses. The St.
BUSINESS
June 30, 1992 | Associated Press
United Parcel Service Inc. said it has acquired a major British package delivery company, completing its European ground shipping network. UPS, a privately held company based in Atlanta, did not disclose the terms of its purchase of Carryfast Ltd., which it called the largest privately owned express parcel service in Britain. UPS has been growing rapidly in Europe during the last few years but until now has not had a major presence in the United Kingdom.
BUSINESS
April 13, 2000 | Reuters
United Parcel Service Inc., the world's largest package delivery company, said it has teamed up with four leading computer manufacturers to provide its customers fast and cost-effective ways to buy or lease new personal computers. Atlanta-based UPS said the new program, dubbed UPS Online Advantage, would allow customers the hardware necessary to use the company's automated shipping software. Compaq Computer Corp., Dell Computer Corp., Gateway Inc. and International Business Machines Corp.
BUSINESS
January 17, 2001
* United Parcel Service Inc. said it agreed to buy First International Bancorp Inc. for about $78 million in stock, using the bank's expertise in handling government-backed loans to broaden the operations of its own financial services unit. First International primarily makes loans to small and mid-size manufacturers, distributors and wholesalers, using U.S. government-backed loan programs through the Small Business Administration, the Agriculture Department and the Export-Import Bank of the U.
BUSINESS
April 27, 2001 | Reuters
United Parcel Service Inc. unveiled a business unit that it said will offer cheaper, faster and more efficient ways to send mail through the U.S. postal system, expanding the package deliverer's access to an estimated $15-billion market. Atlanta-based UPS said the new unit would include its recently acquired Mail2000 business, which electronically sorts and inserts time-sensitive first-class and standard mail, such as bills and financial statements, into the U.S. mail. The world's No.
BUSINESS
November 8, 1999 | Bloomberg News
This week's initial public offering market is on track to hit new zeniths if deals on the calendar, including heavyweights United Parcel Service Inc. and Charter Communications Inc., come to market as planned. About 26 stock issues are tentatively set for this week and expected to raise $8 billion--which would be a new weekly record for domestic proceeds raised, according to Thomson Financial Securities Data. In addition, if UPS offers 109.
NEWS
November 10, 1999 | JAMES F. PELTZ, TIMES STAFF WRITER
United Parcel Service Inc., the world's biggest package delivery concern that resisted selling its stock to the public for almost a century, finally offered its shares Tuesday and raised $5.47 billion in the biggest initial public stock offering in U.S. history. Atlanta-based UPS, known for its fleet of chocolate-brown trucks and uniforms, sold 109.4 million shares for $50 each.
BUSINESS
April 27, 2001 | Reuters
United Parcel Service Inc. unveiled a business unit that it said will offer cheaper, faster and more efficient ways to send mail through the U.S. postal system, expanding the package deliverer's access to an estimated $15-billion market. Atlanta-based UPS said the new unit would include its recently acquired Mail2000 business, which electronically sorts and inserts time-sensitive first-class and standard mail, such as bills and financial statements, into the U.S. mail. The world's No.
BUSINESS
April 26, 2001 | Associated Press
United Parcel Service Inc. plans to end its charter service, citing a slowdown in the economy and its noncompetitive fleet of aging Boeing 727s. UPS Airlines, based in Louisville, Ky., is negotiating with travel companies to terminate the flights by year's end, spokesman Mark Giuffre said. The company uses four 727-100s each weekend for flights between Atlanta, Louisville, Philadelphia and Pittsburgh and several beach destinations in the Caribbean. A fifth jet was reserved as a spare.
BUSINESS
January 17, 2001
* United Parcel Service Inc. said it agreed to buy First International Bancorp Inc. for about $78 million in stock, using the bank's expertise in handling government-backed loans to broaden the operations of its own financial services unit. First International primarily makes loans to small and mid-size manufacturers, distributors and wholesalers, using U.S. government-backed loan programs through the Small Business Administration, the Agriculture Department and the Export-Import Bank of the U.
NEWS
December 15, 2000 | From Associated Press
An icy winter storm that left thousands without electricity or heat and contributed to more than a dozen deaths this week is also delaying the delivery of holiday packages, with a shipment backlog stretching from Chicago to Dallas. FedEx temporarily suspended its money-back guarantee for Thursday deliveries and it was too early to tell how long the suspension would last, said Cornell Christion, a spokesman for the Memphis, Tenn.-based parcel handler.
BUSINESS
November 22, 2000 | From Times Staff and Wire Reports
United Parcel Service Inc., getting a major boost from U.S. regulators, on Tuesday joined the roster of carriers entitled to make flights to China, one of the world's fastest-growing markets for freight and passenger traffic. UPS, beating out several rivals in a closely watched competition, won six of 10 new weekly flights awarded by the Transportation Department.
BUSINESS
April 13, 2000 | Reuters
United Parcel Service Inc., the world's largest package delivery company, said it has teamed up with four leading computer manufacturers to provide its customers fast and cost-effective ways to buy or lease new personal computers. Atlanta-based UPS said the new program, dubbed UPS Online Advantage, would allow customers the hardware necessary to use the company's automated shipping software. Compaq Computer Corp., Dell Computer Corp., Gateway Inc. and International Business Machines Corp.
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