CEO Michael Eskew

United Parcel Service Inc. will take $827 million for the fourth quarter of 2011 due to a change in pension accounting. The Atlanta-based package shipping and logistics company said the charges will reduce its earnings per share for the year by 41 cents. UPS (NYSE: UPS), the largest employer in the Louisville area, will report fourth-quarter and full-year earnings on Jan. 31 UPS said in a news release that the new accounting method records...  

It is crunch time for holiday shoppers who want to mail gifts to friends and family and have them arrive by Christmas, and mail service and delivery organizations are working around the clock to organize and deliver hundreds of millions of packages, letters and greeting cards. United Parcel Service Inc., which bases its airlines operations in Louisville, will deliver more than 120 million packages this week. Thursday, Dec. 22, will be UPS’s...  

John McDevitt, a 35-year UPS veteran and member of the company's Management Committee, will assume responsibility for UPS's Human Resources function in addition to his current role overseeing Labor Relations. McDevitt, 53, will succeed Allen Hill ...  

For the quarter ended Dec. 31 (Q4), United Parcel Service missed slightly on revenues and missed expectations on earnings per share. Compared to the prior-year quarter, revenue improved and GAAP earnings per share increased. Margins increased ...  

EDITOR'S NOTE:  UPS CFO Kurt Kuehn and Andy Dolny, Treasurer and IRO, will discuss the pension accounting change with investors and analysts during a conference call and presentation at 1:00 p.m. EST today. That call is open to listeners through a live Webcast.