Category: UPS Press Release

Love is in the air and on the ground as UPS® (NYSE: UPS) prepares to transport an estimated 118 million flowers for Valentine’s Day. Most of the flowers imported for Cupid’s holiday come from Latin American countries such as Colombia and Ecuador. More than 90 percent of the imported blossoms travel through Miami International Airport, where UPS is the largest air cargo carrier.

According to the National Retail Federation, the average consumer is expected to spend $133.91 on Valentine’s Day gifts with total spending expected to hit more than $17 billion. One-third of this year’s gift-givers will purchase flowers, and UPS will be kicking it into high gear for the celebration, which marks one of UPS’s busiest single delivery days of the year

Acquisition of Polar Speed Expands UPS Specialized Healthcare Network, Enhances Temperature-Sensitive Solutions

UPS® (NYSE: UPS) today announced it has completed the purchase of U.K.-based Polar Speed, an innovative provider of temperature-sensitive pharmaceutical supply chain solutions in the U.K. The acquisition further strengthens UPS’s healthcare network across Europe, providing healthcare companies access to a single source for logistics solutions across the continent.

The purchase is part of UPS’s successful healthcare strategy and brings new value to customers in this growing market. Polar Speed is recognized for its commitment to pharmaceutical logistics customers. It specializes in active temperature-controlled deliveries to hospitals, pharmacies, wholesalers and surgery centers as well as end patients. Polar Speed also offers unique capabilities within the growing homecare direct-to-consumer delivery market. Its customers include some of the best known pharmaceutical brands in the world.

UPS (NYSE: UPS) and the Independent Pilots Association (IPA), which represents the approximately 2,600 pilots who fly for UPS, announce the following:

• In accordance with a process agreement signed last year, the company and union will request mediation by the National Mediation Board (NMB) for their ongoing contract negotiations.

• This joint request reflects the desire of both parties to continue to progress toward an agreement that is good for UPS, its customers and employees.

• The contract is governed by the Railway Labor Act (RLA) and became amendable Dec. 31, 2011. Under the RLA, contracts do not expire until the negotiation processes of the RLA are exhausted.

• Not only is NMB mediation a common part of the negotiations process under the RLA, the NMB has successfully mediated every contract UPS has negotiated with the IPA.

• The parties have utilized their best efforts over the past two and a half years of negotiations, and have not yet reached agreement in the contract areas of scheduling, compensation, pension, scope and benefits.

• The parties remain committed to bargaining in good faith and working with the NMB to reach agreement in a timely manner.

Higher Costs Driven by Surge in Shipments and Weather; FY2013 Adjusted EPS $4.57, Below Guidance of $4.65 to $4.85; Anticipates 2014 EPS Growth of 10-to-15%

UPS (NYSE: UPS) today announced that it anticipates fourth quarter 2013 diluted earnings per share of $1.25. Full-year 2013 adjusted diluted earnings per share are expected to be $4.57, below the previously provided guidance of $4.65 to $4.85.

On a reported basis, 2013 diluted earnings are expected to be $4.61 per share.

U.S. Department of Commerce and UPS work together to help U.S. companies increase their exports and grow their business

UPS® (NYSE: UPS), a global logistics provider and leading advocate for trade liberalization, applauds the introduction of the Department of Commerce-led initiative to increase trade with Mexico and the 10 other Latin American economies with which the U.S. has free trade agreements.