Tag: UPS

UPS pilot talks again on hold

Posted by | May 12, 2006 | |

A split within union leadership ranks has put contract talks between UPS and its pilots back into an indefinite recess, just as formal bargaining sessions were set to resume in the coming week, said a key union official. Tom Nicholson, president of the Independent Pilots Association, said in a message to members that after spending almost a full day on May 9 with union officials, the senior mediator from the National Mediation Board “concluded that the association is not prepared to enter negotiations at this time.”

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UPS Board sets dividend

Posted by | May 8, 2006 | |

The Board of Directors of UPS today declared a regular quarterly dividend of 38-cents per share on all outstanding Class A and Class B shares. The dividend is payable May 31, 2006, to shareholders of record on May 15, 2006.

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UPS shareowners elect Board

Posted by | May 4, 2006 | |

Shareowners of UPS today elected a Board of Directors for 2006 and reappointed Deloitte & Touche LLP as the company’s independent auditor. Twelve directors stood for election to the Board of Directors and all were overwhelmingly elected to one-year terms. The appointment of Deloitte & Touche to serve as the company’s independent auditors for 2006 also was ratified.

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European courier urged to put up hub in Subic

Posted by | Apr 29, 2006 | |

The Philippine Government is wooing a European courier service firm to put up shop in Subic as the scheduled transfer of Federal Express’ Asian hub from the freeport to China nears. An official privy to the matter said authorities had invited the company to visit possible sites in Subic and assess opportunities for a hub of operations here through their respective distribution network. The official declined to name the firm, saying it might get turned off with the premature publicity. With American firms Fedex operating a hub in Subic and UPS in Clark special economic zone, the country is hosting half of the four biggest package delivery and supply chain service providers in the world. The remaining two are Netherlands-headquartered TNT NV and Germany’s DHL International, both of which already have presence here.

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UPS in position to buy

Posted by | Apr 21, 2006 | |

UPS is in a position to make an “extremely large” acquisition if it finds a deal that makes strategic sense, said Scott Davis, chief financial officer.
The comments revived long-standing speculation that UPS could bid for TNT, the Dutch post group, which has large package delivery operations in Europe and Asia. UPS is considered a potential buyer of TNT’s logistics division, which the group plans to auction this year, but some analysts believe the parcel business could also be sold. Mr Davis gave no clues about possible targets but cited the company’s Dollars 1.9bn of free cash flow in the first quarter as evidence that UPS had the financial strength to make a big deal. The comments came as UPS announced a 10.5 per cent increase in first-quarter net profits to Dollars 975m, driven by surging international shipments.

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