UPS and DHL end $1bn talks
Negotiations have ended between UPS and DHL over an air cargo contract valued at $1bn.
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FedEx threatens to cancel jet orders
FedEx is threatening to cancel the purchase of billions of dollars worth of new Boeing cargo planes if Congress passes a law that would make it easier for unions to organise at the package-delivery company.
Read MoreUPS launches $2bn notes in two-part sale
UPS has launched $2bn notes in a two-part sale, according to IFR, a Thomas Reuters service.
Read MoreUPS CEO Davis earned $5.6m in 2008 total compensation
UPS CEO Scott Davis was paid $5.6m in total compensation last year, more than double his $2.64m in 2007 total compensation when he was CFO, according to the company’s proxy statement.
Read MoreUPS looks to the future with major Asia investments
In an interview with Payload Asia, UPS Asia Pacific president Derek Woodward noted the company had ridden out serious global calamities before and would again this time.
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