UPS number 43 on the Fortune 500 list

Discussion in 'The Latest UPS Headlines' started by cheryl, Apr 21, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    UPS number 43 on the Fortune 500 list - Fortune

    The world's largest package-delivery company suffered in 2008 as a drop in consumer spending hurt shipping volumes everywhere. The effect was blunted somewhat by rival DHL's decision to leave the U.S. domestic market, opening up more share for United Parcel Service and archrival FedEx, but a deal that would allow UPS to fly DHL's freight in the U.S. has yet to be finalized.

    In order to deal with the slowdown, the company has cut or reduced some operations, frozen executive salaries and is suspending its 401(k) match
  2. User Name

    User Name Only 230 Today?? lol

    Looked thru the list and noticed several that received bail outs, several that have filled bankruptcy. I don't know what it all means but I feel that we are more stable then some of the companies that are ahead of us.