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    Published on 03-18-2010 06:53 AM

    FedEx profit more than doubles, tops expectations - Reuters
    Package delivery giant FedEx Corp (FDX.N) raised its outlook and posted sharply higher profit, but its shares fell as its domestic volume numbers disappointed investors' hopes for a U.S. economic recovery.

    Profit for its fiscal third quarter ended Feb 28 was $239 million, or 76 cents per share, up from $97 million, or 31 cents per share, a year earlier.

    Analysts on average had expected 72 cents per share, according to Thomson Reuters I/B/E/S

    Published on 03-16-2010 08:20 AM

    UPS becomes NCAA Corporate Partner - Atlanta Business Chronicle
    Right on time for March Madness, United Parcel Service Inc. is beefing up its advertising presence with CBS Sports by becoming an Official NCAA Corporate Partner.

    Atlanta-based UPS (NYSE: UPS) said it has a four-year agreement with NCAA, but did not report financial terms.

    Published on 03-16-2010 07:51 AM

    UPS retaliatory discharge case will go to jury - Risk and Insurance
    Case name:Scheffler v. United Parcel Service, Inc., No. 08-2648-JWL (D. Kan. 01/29/10).

    Ruling: The U.S. District Court, District of Kansas denied the United Parcel Service's motion for summary judgment, finding the employee presented sufficient evidence to go to a jury concerning whether his termination was retaliatory.

    Summary: A UPS driver alleged he was terminated in retaliation for pursuing a workers' compensation claim. The UPS argued his termination was based on the culmination of his escalating performance-related problems. It argued the driver could not establish a causal connection between his protected activity or injury and its decision to terminate him in light of its overwhelming evidence that his termination was pursuant to its progressive disciplinary policy. It further argued he could not show that its reasons for terminating him were pretext. The District Court rejected the UPS' arguments

    Published on 03-15-2010 08:02 AM

    If FedEx Soars, Will UPS Follow? - The Street
    Analysts expect big things from FedEx (FDX) when it reports quarterly results on Thursday -- no surprise in a recovering economy.

    But the expectation raises a couple of questions. First, if FedEx does well, what does that mean for UPS(UPS)? Additionally, FedEx's labor classification remains a wild card, with Congress expected to decide whether the two companies should be treated the same under labor law.

    Regarding UPS, Barclays Capital analyst Gary Chase wrote recently that while FedEx's fourth-quarter guidance will be the focus of the earnings call, "We think the call will shift investor focus towards earnings expectations for UPS -- we believe UPS earnings for the year have substantial potential upside, but especially in 1Q where we believe company guidance was very conservative."

    UPS Honored as "Best Corporate Citizen" 

    Published on 03-15-2010 07:59 AM

    UPS (NYSE:UPS) has become the only package delivery company named to this year's "100 Best Corporate Citizens" list by Corporate Responsibility magazine.

    Known as one of the world's top corporate responsibility rankings, the annual list is comprised of Russell 1000 companies that have been evaluated on their performance in seven key areas: Environment, Climate Change, Human Rights, Philanthropy, Employee Relations, Financial Performance and Governance.

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    Delivering Style: UPS Shines on the Catwalk 

    Published on 03-14-2010 07:44 PM
    Categories:
    1. Other UPSer News

    “Made in USA”. It’s vintage brown and gold, cotton and polyester, features a sewn-in name tag and an embroidered logo: the iconic UPS driver uniform. It’s work wear, functional and straight cut, but with a level of global recognition that even established designers envy.


    Is it overly daring to compare the UPS uniform with haute couture? I think not. Just as a UPS delivery driver in his ‘Browns’ looks immaculate and conforms to a certain house style, so every fashion designer has a signature look that makes his or her creations instantly recognisable.

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    Published on 03-11-2010 09:06 AM

    U.S. Sen. Bob Corker releases hold on controversial FAA Reauthorization Act - Commercial Appeal
    Sen. Bob Corker backed down Wednesday from a hold he had placed on an aviation bill in an effort to protect FedEx.

    Laura Herzog, Corker's press secretary, said the Tennessee Republican lifted the hold on the FAA Reauthorization Act "since it appears the controversial FedEx provision will not be included in the final Senate legislation." She later said that meant the provision -- which would make it easier for certain FedEx Express employees to form unions -- won't be added to the Senate bill by amendment.

    FedEx spokesman Maury Lane said Wednesday night that "we are encouraged by this development and look forward to the Tennessee senators' success with this gravely serious issue."