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United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. [1] Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company [6] and one of the world's largest shipping couriers.
UPS Airlines is a major American cargo airline based in Louisville, Kentucky, US. [8] One of the largest cargo airlines worldwide in terms of freight volume flown, UPS Airlines flies to 815 destinations worldwide. [9] It has been a wholly owned subsidiary of United Parcel Service since its launch in 1988.
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Emery Worldwide was renamed Emery Forwarding in late 2001, and on January 1, 2004, the name was changed to Menlo Worldwide Forwarding. [4] In October 2004, Menlo Worldwide Forwarding was sold to United Parcel Service (UPS) for $150 million in cash and the assumption of approximately $110 million in long-term debt. [18]
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A courier is a person or organization that delivers a message, package or letter from one place or person to another place or person. [1] Typically, a courier provides their courier service on a commercial contract basis; however, some couriers are government or state agency employees (for example: a diplomatic courier ).
While CEO of UPS in 2008, his first year in the role, Davis earned a total compensation of $5.2 million, which included a base salary of $960,000 and various bonuses and other compensation. [6] In 2012, he received stock worth $8.7 million as CEO and chairman of UPS, down 7% from the $9.5 million in 2011.