Shipping giant United Parcel Service has been named the country’s top business brand in the American Brand Excellence Awards 2006. FedEx also was named a top brand. Both Atlanta-based UPS and Memphis, Tenn.-based FedEx compete with Plantation-based DHL in the package shipping business. Respondents said they ranked UPS highly for being an industry leader, forward-thinking, easy to use, ethical, popular and a growing company.
Read MoreA 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.”
Read MoreThe 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.
Read MoreShareowners 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.
Read MoreThe 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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