Tag: UPS

Multi-Modal UPS Service Speeds Shipments Across the U.S.

Posted by | Aug 26, 2002 | |

UPS (NYSE:UPS) has launched a new ocean option for shippers who manufacture goods in China and Brazil and import into the United States. The new service dramatically speeds the movement of ocean-transported goods by minimizing stops on land.
The new service, UPS Trade Directsm Ocean, transforms ocean-containers into pre-labeled small packages or less-than-truckload shipments. Shipments move from the ports to nearby UPS freight facilities with minimal handling, processing and storage.
UPS Trade Direct Ocean, operated by UPS Freight Services, is the latest integrated service in UPS’s growing portfolio of transportation and logistics options that enable global commerce and simplify international trade for customers. This contractual service is ideal for large apparel, sporting goods, electronics and other companies that utilize ocean as an economical transport mode and want order delivery direct to their customers.

Read More

UPS, IRS agree on 'tentative basis' to resolve $2.353 billion Bermuda tax case

Posted by | Aug 26, 2002 | |

In a long-awaited agreement, United Parcel Service and the Internal Revenue Service have reached what the nation’s largest transportation company calls a “tentative basis” for settlement of a $2.353 billion tax dispute dating back to 1984.
The case involves billions of dollars in revenue UPS received from shippers who bought excess value package insurance. The IRS has claimed that income was shielded by UPS for tax benefits.
The income was funneled through a Bermuda-based company called Overseas Partners Ltd. UPS already has paid a “tax assessment charge” of $1.786 billion to the IRS – $1.442 billion, after tax benefits – in an effort to stanch interest and penalties in the case.

Read More

U.S., Mexico Attempt to Quell UPS Lawsuit

Posted by | Aug 12, 2002 | |

The governments of the United States and Mexico have lined up behind Canada in an attempt to throw out a $230-million suit brought by United Parcel Service over what it says are unfair business practices by Canada Post Corp. The three governments argue in filings before a NAFTA tribunal that UPS’s claim does not come under the scope of the trade agreement’s controversial Chapter 11, which allows firms to sue any of the three countries if they feel they have been hurt by government actions. UPS in turn accuses the governments of trying to rewrite the chapter without going through the national legislatures of the three countries as another NAFTA provision requires. The case has wider ramifications than just whether, as UPS alleges, Canada Post has cost it at least $230-million in damages by channelling monopoly revenue from the general postal service into subsidizing Canada Post courier products.

Read More

Carriers Ask for U.S. Govt. Investigation of DHL

Posted by | Aug 12, 2002 | |

United Parcel Service Inc. and FedEx Corp. have asked the federal government [U.S.] to reopen a probe of the ownership structure of rival DHL Worldwide Express, the Wall Street Journal reported on Monday. The latest moves are aimed at bringing attention to the complicated ownership structure of DHL, the largest air-express courier outside the U.S., the paper said. The requests were made last week in separate filings with the Department of Transportation, and indicate the two are uniting forces against German delivery giant Deutsche Post AG.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest