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United Parcel Service Inc (UPS.N)

UPS.N on New York Stock Exchange

106.40USD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

UPS Boosts Investments By $12 Bln On Favorable Tax Law Impact
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - United Parcel Service Inc ::UPS BOOSTS INVESTMENTS BY $12 BILLION ON FAVORABLE TAX LAW IMPACT.UPS - ANNOUNCED MORE THAN $12 BILLION IN INVESTMENTS TO EXPAND COMPANY'S SMART LOGISTICS NETWORK.UPS - ‍"WE WILL INCREASE NETWORK INVESTMENTS AND ACCELERATE PENSION FUNDING TO STRENGTHEN COMPANY FOR LONG TERM​".UPS - ALSO RECENTLY MADE A $5 BILLION TAX-QUALIFIED CONTRIBUTION TO COMPANY'S THREE UPS-SPONSORED U.S. PENSION PLANS.UPS - WILL INVEST ADDITIONAL $7 BILLION OVER 3 YEARS FOR CONSTRUCTION, RENOVATION OF FACILITIES, AMONG OTHERS.UPS - COMPANY PLANS TO RAISE FUTURE CAPITAL SPENDING ABOVE ITS PREVIOUSLY COMMITTED SIX-TO-SEVEN PERCENT OF ANNUAL REVENUE.  Full Article

UPS Chief Commercial Officer Alan Gershenhorn To Retire
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - United Parcel Service Inc ::UPS CHIEF COMMERCIAL OFFICER ALAN GERSHENHORN TO RETIRE.UPS - EXECUTIVE VICE PRESIDENT AND CHIEF COMMERCIAL OFFICER, ALAN GERSHENHORN, HAS CHOSEN TO RETIRE EFFECTIVE JUNE 2018.  Full Article

UPS Capital Says Announced Expansion Of UPS Capital Cargo Finance Service With New Options On In-Transit Cargo For U.S. Importers
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - United Parcel Service Inc ::UPS CAPITAL SAYS ANNOUNCED EXPANSION OF UPS CAPITAL CARGO FINANCE SERVICE WITH NEW OPTIONS ON IN-TRANSIT CARGO FOR U.S. IMPORTERS.UPS CAPITAL SAYS ENHANCED OFFERING INCREASES AMOUNT A BUSINESS CAN BORROW FROM 70% OF SUPPLIER'S COMMERCIAL INVOICE TO 100%.UPS CAPITAL SAYS ENHANCED OFFERING INCLUDES CREDIT LINES UP TO $1.5 MILLION ON IN-TRANSIT GOODS.UPS CAPITAL SAYS ENHANCED OFFERING INCLUDES LONGER REPAYMENT TERMS UP TO 90 DAYS FROM 75 DAYS.  Full Article

UPS enters agreement to buy 10 mln gallon equivalents of RNG per year​
Monday, 20 Nov 2017 

Nov 20 (Reuters) - United Parcel Service Inc ::Says ‍announced an agreement with Big Ox Energy to purchase 10 million gallon equivalents of renewable natural gas (RNG) per year​.  Full Article

UPS and Shopify Inc announce platform integration
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Shopify Inc :UPS and Shopify Inc announce a platform integration that make UPS's premium services available to small businesses​.  Full Article

UPS board announces quarterly dividend
Friday, 3 Nov 2017 

Nov 2 (Reuters) - United Parcel Service Inc :UPS board announces quarterly dividend.UPS - ‍declared a regular quarterly dividend of $0.83 per share on all outstanding class A and class B shares​.  Full Article

UPS plans to deliver more than 750 million packages globally between Thanksgiving and New Year's Eve​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - United Parcel Service Inc :UPS - ‍UPS plans to deliver more than 750 million packages globally in 25 days between Thanksgiving and New Year's Eve​.UPS - ‍deliveries between Black Friday and New Year's Eve projected to increase 5% from 2016​.UPS - ‍this peak season, plans to employ 95,000 temporary seasonal workers including drivers, delivery helpers, package sorters, and loaders​.  Full Article

United Parcel reports Q3 earnings per share $1.45
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - United Parcel Service Inc :Strong UPS execution drives positive 3Q results.Q3 earnings per share $1.45.Q3 earnings per share view $1.45 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $5.85 to $6.10.UPS qtrly ‍U.S. Operating profit of $1.2 billion, includes $50 million of negative hurricane impact​.UPS - Qtrly U.S. Domestic segment revenue $9,649 million versus $9,289 m‍​ln.UPS - Qtrly international segment revenue $3,364 million versus $3,024 million.UPS - Qtrly U.S. Domestic segment operating profit $1,182 million versus $1,252 million.UPS - Qtrly international segment operating profit $627 million versus $576 million.UPS - Qtrly consolidated revenue $15,978 million versus $14,928 m‍​ln.UPS sees ‍operating penalties for ongoing facility investments and saturday deployment will be approximately $60 million in q4​.Q3 earnings per share view $1.45, revenue view $15.62 billion -- Thomson Reuters I/B/E/S.UPS - 2017 adjusted diluted eps guidance includes about $400 million, or $0.30 per share of pre-tax currency headwinds‍​.FY2017 earnings per share view $6.01, revenue view $64.56 billion -- Thomson Reuters I/B/E/S.  Full Article

UPS says to raise rates within, between U.S., Canada & Puerto Rico
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - United Parcel Service Inc ::UPS says to raise rates within and between United States, Canada and Puerto Rico by an average of 4.9 percent, as of Dec. 24.UPS says rate increases apply to UPS ground, ups air and international services, plus UPS air freight rates.UPS says for 2018 peak season, peak surcharges on most residential packages will rise "by a few pennies" compared to 2017.UPS says a new 2018 peak season surcharge of $3.15 will apply to packages that require additional handling.UPS says as of July 8, 2018, surcharge for "large packages" delivered to a residential address will rise to $90 from $80.UPS says will raise additional handling charge for packages over 70 lbs to $19 from $12, as of July 8, 2018.  Full Article

UPS and the International Brotherhood Of Teamsters begin contract negotiations
Tuesday, 10 Oct 2017 

Oct 9 (Reuters) - United Parcel Service Inc :UPS and the International Brotherhood Of Teamsters begin contract negotiations.UPS - ‍confirmed contract talks with International Brotherhood Of Teamsters have begun on new collective bargaining agreements​.  Full Article

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Maersk says to compete with UPS, Fedex as conglomerate breaks up

COPENHAGEN A.P. Moller-Maersk plans to expand its transport and logistics business to compete directly with package delivery companies UPS and Fedex as part of a major restructuring, its chief executive said Tuesday.