Tag: UPS

Vietnam Post and UPS set up joint venture

Posted by | Aug 20, 2003 | |

Vietnam’s largest telecom business, the Vietnam Post and Telecommunications Corporation (VNPT), and the United Parcel Service Inc (UPS) of the United States have signed a contract to form a joint venture.

Under the contract, the two sides will jointly deliver information, goods and funds to over 200 countries and territories worldwide covered by the UPS global service network. For the time being, Vietnam will be included in the UPS global air delivery network.

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UPS board boosts dividend, stock buyback authorization

Posted by | Aug 14, 2003 | |

The Board of Directors of UPS has approved a second increase in six months in the company’s quarterly dividend, raising the cash payout from 21-cents to 25-cents per share on all outstanding Class A and Class B shares.
The latest increase amounts to a 19% boost. Since the beginning of 2003, the Board has increased the quarterly dividend by 32%, up from 19-cents per share.

The dividend is payable Sept. 9, 2003, to shareholders of record on Aug. 25, 2003.

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Matsushita assists distribution plan for UPS U.S. deliveries

Posted by | Aug 13, 2003 | |

Matsushita Electric Industrial Co. said it has created, with United Parcel Service Inc., a distribution system for U.S.-bound electronic components. The new system will enable Matsushita to deliver its parts to its more than 250 U.S. corporate clients within three days after an order is placed, compared with the current five to six days, a Matsushita spokesman said.

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Judge in U.S UPS/ASTAR legal fight steps down

Posted by | Aug 13, 2003 | |

The judge overseeing a year-long legal battle between a once German-owned US cargo airline and the delivery giants FedEx and United Parcel Service has removed himself from the case after being accused of xenophobia.

Miami-based Astar Air Cargo, previously called DHL Airways, had charged in a motion that Administrative Law Judge Ronnie Yoder should step down because he had wildly exceeded his mandate and openly favoured FedEx and UPS in discovery and other matters.

In the document, Astar sought to disqualify the judge, accusing him of “deep-seated personal bias” and “xenophobia”.

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