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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.
At the 1988 founding of UPS Airlines, the company operated a route network serving 41 countries connecting the United States and Canada to Asia and Europe. To expand and modernize its jet fleet, at the end of 1987, UPS purchased dedicated freighter variants of the Boeing 757 .
In March 2012, UPS announced its intention to acquire TNT Express for US$6.7 billion. [2] However, the deal fell through in January 2013, after it was announced that UPS had failed to obtain permission from the European Commission, and as such, had been blocked on competition grounds. [3] TNT Express truck in Plymouth, England in February 2010
James E. Casey (March 29, 1888 – June 6, 1983) was an American businessman, known for being the founder of the American Messenger Company, today known as UPS. In 1907, 19-year-old James Casey founded the American Messenger Company in Seattle, Washington. He served as president, CEO and chairman. Claude Ryan was his partner and his messengers ...
UPS most commonly refers to: Uninterruptible power supply , a device which provides continuous power to electronics United Parcel Service , an American courier company
The company name changed once again in 1965 to Eaton Yale & Towne Inc. after the acquisition of Yale & Towne Manufacturing Co. in 1963. Stockholders approved the change to the company's current name in 1971. In 1978, Eaton Corporation acquired Samuel Moore & Company, Kenway Systems, and Cutler-Hammer. [5] [6] [citation needed]
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.
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