United Parcel Service Files To Sell $500 Million Of Notes
UPS filed to sell up to $500 million of notes from time to time, according to a prospectus statement filed late Monday with the Securities and Exchange Commission
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UPS Logistics to test automated parts access
UPS Logistics Group will test a program for automated, self-service parts distribution. The company’s customers can now pick up or return essential parts 24 hours a day, seven days a week using new technology that enables access to secured UPS Logistics Group storage facilities without the need for UPS staffers
Read MoreUPS mulling Chile alliance
United Parcel Service is considering an alliance with Chilexpress or Lan Courier to operate nationwide in Chile, according to published reports. UPS has in the past worked with Lan Courier, a Chilean express provider, and is now working with Chilexpress, also a courier service.
Chile’s package delivery market has grown by about 10% in 2001.
UPS struggles with economic slowdown, profits fall 9%
Earnings fell 9% at United Parcel Service + Inc., the world’s biggest package delivery company, as cost-conscious U.S. customers shipped fewer parcels in the second quarter
Read MoreUPS warns on third quarter as shipments decline
United Parcel Service warned on Thursday that its third-quarter earnings would miss Wall Street estimates as parcel shipments continue to decline in the wake of the US economic downturn. The world’s largest delivery company also reported its second-quarter earnings dropped, the company’s second consecutive quarter of falling earnings.
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