"UPS...You didn't tell me there was gonna be a problem"
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Join Date: Sep 2004
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"UPS...You didn't tell me there was gonna be a problem"
http://www.ipapilot.org/
Ads from recent editions of Traffic World
May 2, "UPS...You didn't tell me there was gonna be a problem"
April 25, "UPS...Everybody's making plans for the summer"
April 18, "UPS...is the customer always right?"
Ads from recent editions of Traffic World
May 2, "UPS...You didn't tell me there was gonna be a problem"
April 25, "UPS...Everybody's making plans for the summer"
April 18, "UPS...is the customer always right?"
Join Date: Sep 2003
Location: USA
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a strike would now serve our customers, shareowners, company or our pilot group well at all. we would lose a great number of contracts that would never return. fdx and dhl (and others) would be more than willing to aquire our customers.
there is still time for brown to approach the last remaining two weeks of talks and reach an agreement.
the remaining issues are: scope, schedule, benifits, retirement and compensation.
this process has been going on for nearly 3 years and we haven't even gotten a couteroffer from brown but with that said i am hopeful that in the next two weeks an agreement can and must be reached.
100% in support of neg. comm. and eb
fbt
there is still time for brown to approach the last remaining two weeks of talks and reach an agreement.
the remaining issues are: scope, schedule, benifits, retirement and compensation.
this process has been going on for nearly 3 years and we haven't even gotten a couteroffer from brown but with that said i am hopeful that in the next two weeks an agreement can and must be reached.
100% in support of neg. comm. and eb
fbt
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Join Date: Sep 2004
Location: North and West
Posts: 53
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UPS Inc. to Buy Overnite for $1.25B
AP
UPS Inc. to Buy Overnite for $1.25B
Monday May 16, 8:44 am ET
UPS Inc. to Buy Trucking Firm Overnite for About $1.25B, Expanding Portfolio of Services
ATLANTA (AP) -- Package-delivery company UPS Inc. on Monday said it is acquiring trucking firm Overnite Corp. for about $1.25 billion in cash, expanding its portfolio of ground-transportation services.
Under the deal, Overnite stockholders will receive $43.25 for each Overnite share, representing a 46 percent premium to Overnite's closing price of $29.58 on Friday.
Richmond, Va.-based Overnite, which serves more than 60,000 customers throughout North America, earned $63.3 million on revenue of $1.65 billion in 2004.
UPS, formerly known as United Parcel Services Inc., said Overnite's management team will remain in place.
"Overnite is a perfect strategic fit for our company," UPS Chairman and Chief Executive Mike Eskew said. "We want to offer our customers the broadest portfolio of transportation and logistics services available from a single source and this is an important capability that we needed to have."
The deal has been approved by Overnite's board and is expected to close during the third quarter, pending regulatory clearance and shareholder acceptance.
Check out the most recent ad in Traffic World.
http://www.ipapilot.org/
"UPS...never is a long, long time."
UPS Inc. to Buy Overnite for $1.25B
Monday May 16, 8:44 am ET
UPS Inc. to Buy Trucking Firm Overnite for About $1.25B, Expanding Portfolio of Services
ATLANTA (AP) -- Package-delivery company UPS Inc. on Monday said it is acquiring trucking firm Overnite Corp. for about $1.25 billion in cash, expanding its portfolio of ground-transportation services.
Under the deal, Overnite stockholders will receive $43.25 for each Overnite share, representing a 46 percent premium to Overnite's closing price of $29.58 on Friday.
Richmond, Va.-based Overnite, which serves more than 60,000 customers throughout North America, earned $63.3 million on revenue of $1.65 billion in 2004.
UPS, formerly known as United Parcel Services Inc., said Overnite's management team will remain in place.
"Overnite is a perfect strategic fit for our company," UPS Chairman and Chief Executive Mike Eskew said. "We want to offer our customers the broadest portfolio of transportation and logistics services available from a single source and this is an important capability that we needed to have."
The deal has been approved by Overnite's board and is expected to close during the third quarter, pending regulatory clearance and shareholder acceptance.
Check out the most recent ad in Traffic World.
http://www.ipapilot.org/
"UPS...never is a long, long time."
