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/UPS
News
UPS News:
20050516
-
UPS
- Transportation
- "United
Parcel Service to Buy Overnite for $1.25 Bln (Update1)."
... "United Parcel Service Inc., the world's largest package-delivery company,
agreed to buy trucking company Overnite Corp. for $1.25 billion to increase
ground- shipment services." -By Jeff Bennett -Bloomberg
20040722
-
"United
Parcel 2nd-Qtr Net Rises 18% on Global Growth (Update2)."
... "United Parcel Service Inc., the world's largest package-delivery company,
said earnings in the second quarter rose 18 percent as global economic
growth raised shipments." ... "Net income increased to $818 million, or
72 cents a share, from $692 million, or 61 cents, a year earlier, the Atlanta-based
company said in a statement. Revenue climbed 7.8 percent to $8.87 billion
from $8.23 billion." -By Mary Schlangenstein ed. by
Steve Geimann -Bloomberg
20040721
-
"EBay
2nd-Qtr Profit More Than Doubles on 52% Sales Increase."
... "EBay Inc., the world's No. 1 Internet auctioneer, said second-quarter
earnings more than doubled to $190.4 million as a record number of users
bought and sold merchandise online and utilized its electronic-payment
system." ... "EBay added 9.2 million users to sites in the U.S. and 22
countries, helping boost the value of items sold through them to $8 billion."
... "During the quarter, AuctionDrop Inc., a company that takes items on
consignment for sale on EBay, reached an agreement with United Parcel Service
Inc. to have 3,400 stores to act as drop- off points for the service."
-By Greg Wiles ed. by Vince Bielski -Bloomberg
20021109
-
"United
Parcel raises rates by up to 3.9%." ... "United Parcel
will boost prices Jan. 6 for ground shipments to businesses, its largest
market, by 3.9 percent." ... "United Parcel shares rose 73 cents to $62.34
yesterday in New York Stock Exchange composite trading. The stock has risen
14 percent this year." -Bloomberg
via -SeattlePI.NWsource
20020926
-
"UPS
faces escalating ground war." ... "FedEx Ground,
the Memphis-based company's trucking subsidiary, reported a 33 percent
increase in package shipments in the quarter that ended Aug. 31. That followed
a 15 percent jump in daily ground volume for fiscal year 2002." ... "The
recent quarter's surge was fueled in part by a spike in "diverted" volume
from UPS customers concerned about a possible Teamsters strike. UPS and
the Teamsters agreed to a new contract in July, but about 4 percent of
its package volume, or 500,000 daily packages, went to competitors in the
weeks before the agreement." ... "FedEx says it expects to keep a "significant
portion" of the 150,000 additional daily shipments it gained." -By
Dave Hirschman-AJC
20020717
-
"UPS
Doesn't Deliver for Part-Timers: Its new six-year
deal with the Teamsters shows that, in a stumbling economy, employers again
have the upper hand." ... "UPS's heavy reliance on part-timers, who make
up 57% of its 230,000 Teamsters, had been a key flash point in talks over
a new labor pact." ... "Overall, the share of Teamsters on the payroll
full-time has inched up three percentage points since 1997, to 43%." ...
"The 1997 contract narrowed the [pay] differential by lifting the part-time
starting wage by 50¢ an hour, to $8.50, the first increase in 15 years."
... [The 2002 agreement increases the starting part-time hourly wage to
$9 per hour through 2008.] ... "Their starting pay will go to $9, with
the current average wage of $10.72 climbing about 9% a year through 2008.
However, the high turnover rate of part-timers means that their average
wage will still lag behind the full-timers' by the end of the contract."
-By Brian Grow -BusinessWeek.com/Daily
20020708
-
Wireless
- "UPS,
FedEx Pick Euro [Wireless] Standard." ... "United
Parcel Service Inc. and FedEx Corp., wireless pioneers and two of the largest
users of mobile wireless data services, have both decided to standardize
globally on IP-based General Packet Radio Service (GPRS), the next-generation
version of the European Global System for Mobile Communications (GMS) standard,
to support their pickup, delivery and package-tracking operations worldwide."
... "In the future, the [GPRS] network will also support voice as well
as data, global roaming, video telephony and real-time emergency services...."
-By
Bob Brewin and Linda Rosencrance
-Computerworld
20020624
-
"Teamsters
Rally For UPS Contract." ... "While Teamsters lead
negotiator Ken Hall said the two remain far apart, UPS spokesman Norman
Black said the company was pleased with the progress so far." ... "The
Teamsters want to see higher wages and pension contributions, as well as
an increase in the number of full-time workers. Currently, 59 percent of
UPS union members work part time." -By Tami Luhby
-Newsday.com
20020604
-
"Teamsters
rally for UPS contract to pay more, offer more jobs."
... "Both sides say they want to avoid a repeat of 1997, when a two-week
strike cost the company $750 million." -By Leigh Strope
-AP via -SFGate.com
20020531
-
"Teamsters
Say Progress Is Made on Key Contract Issue With UPS."
... "The Teamsters union and United Parcel Service Inc. (UPS) made progress
toward a new contract, with the two sides striking a deal on the sticky
issue of supervisors doing work which union members contend should be theirs."
-By
Rick Brooks -WSJ.com
via -SmartMoney.com
20020520
-
"Teamsters
authorize UPS strike: Union seen walking off
the job if negotiations fail." ... "Preliminary results show 93 percent
of the Teamsters who work for UPS and voted during the weekend support
a walkout if an agreement is not reached, said union spokesman Bret Caldwell."
-AP via -MSNBC
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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