$827m cost for UPS move to yearly pension fund reporting
UPS is set to take a $827m hit to its fourth quarter results after taking the decision to change its accounting procedures for its pension and retiree benefit funds.
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UPS to cut 433 staff in Kentucky after losing retail account
UPS is downsizing its retail supply chain logistics facility Hebron, Kentucky, after the facility’s biggest customer, Zulily, decided to take its inventory management and fulfillment services back in-house.
Read MoreIndustry Moves – new CEO for Bring; Sri Lanka PMG steps down
Rounding up some of the latest news on senior appointments around the mail and express industry…
Read More2013 trial date agreed for FedEx-UPS antitrust lawsuit
The legal challenge to FedEx and UPS policy restricting independent shipping consultants from negotiating discounts on behalf of their clients looks set to move to trial next year.
Read MoreUPS to expand network in Canada’s Atlantic provinces
UPS is investing in expanding its network within Canada, with six new locations to be established in the country’s four Atlantic provinces.
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