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The Latest UPS Headlines
UPS strikes deal with Teamsters, averting national strike
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<blockquote data-quote="MAKAVELI" data-source="post: 3587324" data-attributes="member: 43825"><p><a href="https://www.joc.com/ups-wears-uneasy-crown_19971109.html" target="_blank">UPS WEARS AN UNEASY CROWN</a></p><p>According to the Schroder survey, the main beneficiary of this cargo diversion will be Federal Express Corp., which announced in October that it was buying Caliber System Inc., RPS' parent, for about $2.4 billion.</p><p></p><p>With RPS in its fold, FedEx, which will change its name to FDX when the deal is completed, is expected to increase the pressure on UPS in the hotly contested parcel market.</p><p></p><p>Even without RPS, FedEx itself was slated to gain 15 percent more business from shippers who want to divert freight to non-Teamsters carriers, said Edward M. Wolfe, who co-authored the Schroder study.</p><p></p><p>Memphis-based FedEx said it is still hauling about 15 percent of the extra 800,000 packages a day it carried during the walkout.</p></blockquote><p></p>
[QUOTE="MAKAVELI, post: 3587324, member: 43825"] [URL='https://www.joc.com/ups-wears-uneasy-crown_19971109.html']UPS WEARS AN UNEASY CROWN[/URL] According to the Schroder survey, the main beneficiary of this cargo diversion will be Federal Express Corp., which announced in October that it was buying Caliber System Inc., RPS' parent, for about $2.4 billion. With RPS in its fold, FedEx, which will change its name to FDX when the deal is completed, is expected to increase the pressure on UPS in the hotly contested parcel market. Even without RPS, FedEx itself was slated to gain 15 percent more business from shippers who want to divert freight to non-Teamsters carriers, said Edward M. Wolfe, who co-authored the Schroder study. Memphis-based FedEx said it is still hauling about 15 percent of the extra 800,000 packages a day it carried during the walkout. [/QUOTE]
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UPS strikes deal with Teamsters, averting national strike
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