UPS shares haven’t changed after analyst downgrade
UPS Inc. shares were little changed after an analyst downgraded the company’s stock, saying it’s too expensive given the extent of the downturn in the economy.
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No end in sight for DHL & UPS
After announcing plans in May 2008 to slash US operations and hire UPS to take over its US cargo sorting and hauling, DHL and UPS are still in contract negotiations.
Read MoreWill home deliveries save express freight?
The express industry is becoming increasingly reliant on the B2C segment and growing demand for online shopping deliveries as the economic downturn reduces B2B parcel volumes.
Read MoreUPS to lay off 60 airline mechanics
UPS Airlines will lay off 60 airline mechanics nationwide in an attempt to reduce costs in response to the economic slowdown.
Read MoreBrad Mitchell named President of UPS Logistics and Distribution
Mitchell’s primary focus is to provide service part logistics for aerospace and high tech industries as well as for the medical devices sector of the healthcare industry.
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