Category: UPS News

United Parcel Service is planning to freeze pension plans for thousands of nonunion employees, seeking to contain the burden of a retirement fund with a nearly $10 billion deficit.

The carrier is expected to announce measures to corral the rising pension obligations to its workforce Wednesday, people familiar with the matter said. Other details couldn’t be learned.

UPS has more than 434,000 workers world-wide, with more than 80% in the U.S. Most of them are unionized. Any retirement-plan changes would apply only to management employees, who number 78,000.

Boeing will convert three second-hand 767 passenger planes to freighters on behalf of package delivery company United Parcel Service, the companies said on Monday.

It is the first time UPS has converted 767 jetliners into freighters, rather than buying them as freighters directly off the production line, and it selected Boeing after a competition against other conversion providers.

The United Parcel Service Inc said it will suspend the transit of goods to and from Qatar in Saudi Arabia, Egypt, the United Arab Emirates and Bahrain amid an ongoing dispute in the region.

A decades-old problem is coming home to roost and the Teamsters want taxpayers to bailout their sinking ship.

Every year that passes, the trustees of the International Brotherhood of Teamsters’ pension funds get more and more desperate.

With several pension funds already going belly up and their biggest one—the Central States Pension Fund—losing $2 billion per year, time is running out.

Now, the Teamsters has come up with a new scheme that the union is trying to sell to Washington lawmakers—one that may require Americans to, ultimately, foot the bill.

About 800 to 1,200 new jobs could come to Tacoma when United Parcel Service moves into a large warehouse on the Tacoma Tideflats.

The international shipping giant recently landed a lease for the 770,000-square-foot space from Prologis, a San Francisco company that invests in industrial real estate.

These are new jobs coming to the region, a UPS spokeswoman confirmed on Tuesday. The company will hire in time to support the 2017 holiday shipping season.

UPS also has a freight-handling facility in Kent and a small customer service center in Fife. Both will remain open.