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BUSINESS
January 7, 1998 | Bloomberg News
Federal Express Corp. said it will increase rates for shipments within the U.S. an average 3% to 4% and expand its international service to include cheaper freight delivery. Domestic rates will rise Feb. 15. The Memphis, Tenn.-based company said it will begin international economy shipping Feb. 2. The new service will provide delivery within five business days to key markets on other continents and shipment tracking. Last week, United Parcel Service of America Inc.
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BUSINESS
January 7, 1998 | Bloomberg News
Federal Express Corp. said it will increase rates for shipments within the U.S. an average 3% to 4% and expand its international service to include cheaper freight delivery. Domestic rates will rise Feb. 15. The Memphis, Tenn.-based company said it will begin international economy shipping Feb. 2. The new service will provide delivery within five business days to key markets on other continents and shipment tracking. Last week, United Parcel Service of America Inc.
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BUSINESS
September 16, 1997 | Reuters
Federal Express Corp., citing a surge in business because of the United Parcel Service of America Inc. strike, reported net income of $143.3 million, or $1.22 a share, for its fiscal first quarter ended Aug. 31. That compares with $62 million, or 54 cents a share, a year earlier. Analysts' average prediction was for 75 cents a share, according to First Call, which tracks forecasts.
BUSINESS
February 19, 1999
United Parcel Service of America Inc. said its fourth-quarter earnings rose 37% to $482 million, or 86 cents a share, as it cut costs and benefited from low fuel prices. Closely held UPS, the world's largest package delivery company, said revenue rose 8.5% to $6.66 billion. Atlanta-based UPS said it still hasn't recovered all the business it lost during a strike by Teamsters in 1997, but hopes to do so this year.
BUSINESS
May 25, 1996 | Times Staff and Wire Reports
UPS Chairman to Retire at End of Year: Kent C. "Oz" Nelson, 58, the company's chairman and chief executive since 1989, joined UPS in 1959. A company statement said that under Nelson's leadership, UPS had broadened its service options and underwent a multibillion-dollar technology transformation. The company said James Kelly, 53, current executive vice president and chief operating officer, will be nominated as chairman at the November board meeting.
BUSINESS
July 20, 1998 | Bloomberg News
Airbus Industrie is in final negotiations with UPS Airlines, the world's largest package delivery company, about a firm order for about 30 airplanes, a person familiar with the talks said. With a list price of about $90 million per plane, such an order would be worth about $2.7 billion. Airbus, based in Toulouse, France, hasn't gotten a signature on the order, though it expects to win a contract from the U.S. shipper for around 30 A300-600 planes, the source said.
BUSINESS
October 10, 1997 | Bloomberg News
The Teamsters union ratified a contract agreement that ended its two-week strike against United Parcel Service of America Inc. in August. More than 81% of about 92,000 ballots cast by Teamsters members who work at UPS supported the five-year proposal, the union said. The strike against Atlanta-based UPS was widely seen as a Teamster victory.
BUSINESS
March 18, 1998 | Bloomberg News
Pilots at Atlanta-based United Parcel Service of America Inc. agreed to a union contract that will boost wages 27% over seven years. The accord, approved by a vote of 1,570 to 324, was reached after more than two years of negotiations. The union had rejected the company's final offer in October and authorized a strike. A federal mediation board refused to permit a walkout, and it ordered the parties to resume talks early this year. The pilots' pay will be increased 23% retroactive to Dec.
BUSINESS
August 15, 1998
* The Writers Guild of America reached an agreement with 20th Century Fox that gives prime-time animation writers parity with their live-action counterparts. Affected are such shows as "The Simpsons" and "King of the Hill," as well as the upcoming "Futurama" and "Family Guy." Guild leaders called the agreement a landmark pact because for the first time it establishes collective bargaining recognition for animation writers in prime time. * * United Parcel Service of America Inc.
BUSINESS
September 27, 1997 | Bloomberg News
United Parcel Service of America Inc. said company pilots are likely to reject its latest contract offer. In a telephone press conference, spokesman Ken Shapero said "it was very possible" that the company's more than 2,000 pilots will reject the latest UPS proposal when votes are tallied on Wednesday in Washington. The vote, the latest step in a two-year negotiation with the pilots, comes a month after the National Mediation Board said pilots won't be free to strike until next year.
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