UPS Hails Hong Kong/US Pact as Enhancing Global Commerce
A new bilateral aviation agreement just negotiated by Hong Kong and the United States will remove a major impediment to world economic growth, the chairman and CEO of UPS said today.
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FedEx Appeals Ruling On Late Delivery Class Action
FedEx Express unit expects the U.S. Court of Appeals to rule on its appeal of a class-action judgment in 12 to 18 months, according to a document filed Friday with the Securities and Exchange Commission.The lawsuit was filed against FedEx Express, alleging that customers who had late deliveries during the 1997 Teamsters strike at United Parcel Service were entitled to a full refund of shipping charges under a money-back guarantee, regardless of whether they gave timely notice of their claim.
Read MoreUPS hoping for U.S.-HK air breakthrough
A top UPS executive expressed optimism that negotiations between the United States and Hong Kong that begin today will produce a long-sought aviation accord.
“This is one time that our hopes and expectations are pretty well running parallel. There have been several rounds of negotiations. Both sides say now is the time for a deal,” said Tom Weidemeyer, president of UPS Airlines.
Read MoreGlobal Express Carriers challenge Chinese Government
International express courier operators, led by United Parcel Service (UPS), rejected a registration deadline to carry parcels on the mainland in a move which looks set to seriously question China’s commitment to the World Trade Organization.
Read MoreUPS wraps up $1 billion expansion in Louisville
The enlargement of the newly named UPS Worldport is the largest capital project in the company’s 95-year history and increases the hub’s sorting capacity to 304,000 packages per hour. The expanded capacity and automated sorting will mean greater reliability and faster transit times for customers, UPS said.
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