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June 6, 2014
07:21 EDTUPSUPS names COO Abney as new CEO
The UPS board announced that it has named David Abney, currently the company's COO, as its new CEO and appointed him to the board. Scott Davis, who has served as the company's chairman of the board and CEO since 2008, will retire from UPS and will assume the role of non-executive Chairman. Both moves are effective September 1. Prior to becoming COO, Abney served as president of UPS International where he led the expansion of the company's global logistics capabilities.
News For UPS From The Last 14 Days
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October 6, 2015
06:17 EDTUPSFedEx, UPS raise surcharges amid fuel price drop, WSJ reports
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October 2, 2015
12:23 EDTUPSSupply chain issues impact Pratt & Whitney production this summer, WSJ says
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08:03 EDTUPSConcerns about XPO Logistics 'rather overblown,' says Stifel
After meeting with XPO's (XPO) senior management and attending a Q&A session held by its CEO, Stifel says that the Con-way deal will enable the company to compete in new markets and should create "a lot more value over time" than the UPS (UPS)-Coyote deal. The firm is very upbeat on XPO's management team. It keeps a $62 price target and Buy rating on the shares.
07:35 EDTUPSUPS lobbies EU against FedEx-TNT merger, Bloomberg says
UPS (UPS) is lobbying to the EU against FedEx's (FDX) offer to acquire TNT Express (TNTEY), Bloomberg reports, citing people familiar with the EU's investigation of the proposed FedEx-TNT tie-up. UPS' proposal to acquire TNT Express was blocked by the EU two years ago, the report says. Reference Link
06:20 EDTUPSEU may demand concessions in FedEx, TNT merger, WSJ reports
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October 1, 2015
06:10 EDTUPSUPS to take minority stake in tech startup Ally Commerce, WSJ reports
UPS is investing in Ally Commerce, a tech startup that bypasses middlemen and allows brand manufacturers to set up websites and sell directly to consumers, The Wall Street Journal reports. UPS is set to take a minority stake in the startup, though exact terms of the investment have not been disclosed. Reference Link
September 29, 2015
09:34 EDTUPSDetroit Economic Club to hold a luncheon meeting
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