SEARCH

Entries in UPS (6)

Wednesday
Apr252012

Corporations Pour Big Money into 2012 Election

Brand X Pictures/Thinkstock(WASHINGTON) -- As Americans begin to divide down party lines over their presidential preferences in the 2012 election, so too are many of the country's largest corporations.

From Google to Marriott and Dreamworks Animation to the United Parcel Service, some of the largest companies in the country are forking over big bucks to support candidates, occasionally leaning heavily to one side of the political aisle.

But while the predictably partisan labor groups are going blue and the often-conservative oil companies are going red, some less overtly political businesses are taking sides as well.

The United Parcel Service, or UPS, has so far doled out $1.2 million in the 2012 election, about 70 percent of which went to Republicans or conservative groups, according to disclosure data compiled by the Center for Responsive Politics.  Goldman Sachs, Marriott International and The Home Depot have also disproportionately supported Republicans.

But while the majority of the political contributions UPS and its employees gave supported the GOP, more than $10,000 went to President Obama and a similar amount went to Democratic Sen. Kirsten Gillibrand, D-N.Y., the center's data shows.

Internet giant Google has, as a whole, come down on the side of Democrats, with about 70 percent of the $1.1 million the company has spent on this election cycle going to Democratic candidates or liberal groups, according to the Center for Responsive Politics.

But Google's political action committee's spending is split relatively evenly between Democrats and Republicans in Congress, spending $150,000 on Democrats and $143,000 on Republicans.  However, Google employees have overwhelmingly backed Obama, donating close to $140,000 to the president's re-election campaign through the end of 2011.

Bob Biersack, a senior fellow at the Center for Responsive Politics, said that while a few corporations tend to favor one party over the other, "a large majority of corporations are going to end up somewhere in the middle."

"Especially big corporations will split their giving across parties because they are worried about getting access," Biersack added.  "In those cases they might be less concerned about what party the member [of Congress] is in and more concerned what committee they're on."

But the millions that each of these companies has reported spending on the 2012 election so far may be a mere fraction of the full amount these businesses are pumping into politics this year.

"We don't know what the corporate money is because we haven't seen [full] disclosures," said Bruce Freed, president of the Center for Political Accountability, which is pushing for more reporting requirements on corporate political spending.

While companies have to report their donations to political campaigns, parties and political action committees, they can remain anonymous when donating to trade organizations, like the Chamber of Commerce, and some non-profit advocacy groups, like the Karl Rove-backed Crossroads GPS.

Copyright 2012 ABC News Radio

Sunday
Mar182012

UPS is Said to Reach Deal to Buy Europe's TNT Express

Stockbyte/Thinkstock (NEW YORK) -- After raising its initial offer, United Parcel Service Inc. has reached an agreement to buy the second-largest European express delivery company, TNT Express NV (TNTE), Bloomberg News reports.

Unnamed sources told the news agency that an announcement could come as early as Monday, and the price will most likely be €9.50 ($12.51) to €10 ($13.71). The lower price would value the European company at €5.16 billion.

On March 16, TNT closed at €9.35 in Amsterdam, valuing the company at €5.08 billion, based on data compiled by Bloomberg. UPS, the largest package-delivery company in the world, traded at $79.41 in New York.

Copyright 2012 ABC News Radio


Friday
Apr012011

Obama Asks How Green Can Brown Be?

Frank Polich/Getty Images(LANDOVER, Md.) -- Goodbye to gas-guzzling fleet vehicles like the ubiquitous big brown UPS trucks? President Obama hopes so, saying it’s not only good for the environment, it’s good for business.

“From gas-guzzlers to hybrids, … there's a real market for these vehicles,” Obama said. “One of the best ways to reduce our dependence on oil is by making our cars and trucks more energy efficient, because transportation accounts for more than 70 percent of America’s oil consumption,” Obama said to workers and business folks at a UPS processing facility just outside of Washington DC.

“Energy-efficient cars and trucks won’t just cut our dependence on oil, they’ll save us money,” Obama said.

And it’s not just the UPS trucks Obama is after, add in FedEx, AT&T, PepsiCo, Verizon and others with huge fleets. Obama’s “National Clean Fleets Partnership” proposal would convert or replace hundreds of thousands of gas-guzzling fleet cars and trucks to hybrid and clean energy vehicles. Doing so would help cut America’s 11-billion-imported-barrel-of-oil-a-day habit by one-third by 2025, Obama said.

The partnership would allow the Department of Energy to help businesses research and plan to switch to electric, hybrid or alternative energy consuming vehicles. The partnership takes the form of advice, “specialized resources, technical expertise, and support.”  In addition, collaboration will allow smaller companies to partner with the big ones to buy new vehicles at bulk rates, according to  a White House release.

Before his speech, Obama, along with Energy Secretary Steven Chu and Transportation Secretary Ray LaHood, toured some of the new vehicles he was touting. 

"This is 100 percent electric?" Obama asked about one large Frito-Lay truck, parked at the UPS facility. A representative from Frito-Lay replied that the drivers love it because it’s quiet.

Obama also viewed an AT&T all battery powered that he said looks “pretty comfortable.”

Copyright 2011 ABC News Radio

Friday
Apr012011

Obama on Jobs Report: 'Have to Keep the Momentum Going'

JEWEL SAMAD/AFP/Getty Images(LANDOVER, Md.) -- President Obama says the new jobs numbers out Friday -- 230,000 new private jobs added to the economy -- represent good news, but not the end game.

“Although we got good news today, we have to keep the momentum going,” he told an audience at a UPS facility just outside of Washington D.C., where he was touting clean vehicle technology. “That makes 1.8 million private sector jobs created in last 13 months,” he said.

The new jobs number also led to a steep drop in the unemployment rate -- a full percentage point down in just four months.

“The last time that happened was during the recovery during 1984 where we saw such a significant drop in the unemployment rate,” Obama said.

But the president maintained that still isn’t enough.

“I know there’s a lot going on in the world right now so the news has been captured by the images of the Middle East and what’s happening,  the tragedy to our friends in Japan. And I’m focused on those issues but you should know that  keeping the economy going and making sure jobs are available is the first thing I thing about when I wake up in the morning, it’s the last thing I think about when I go to bed each night,”  he said.

“That’s what we’re focused on, that’s what we’re fighting for,” he said to applause.

Copyright 2011 ABC News Radio

Tuesday
Dec212010

Beware of Holiday Package Snatchers

Photo Courtesy -- Getty Images(YONKERS, NY) -- Especially during this time of the year, thieves are on the lookout for packages that have been left at doorsteps by delivery companies or the post office.

Yonkers, New York-based Consumer Reports has offered some tips to avoid having your holiday packages swiped.

First, choose a shipping option that requires a signature before a package can be left, or ask that the package be left with a neighbor or sent to your office.

It is also recommended that you track your package online and purchase insurance if the item is valuable.

Copyright 2010 ABC News Radio

Friday
Dec172010

More Than 1,700 Stores Offer Free Shipping; Deadlines for Christmas Deliveries

Photo Courtesy - FreeShippingDay [dot] com(NEW YORK) -- For those last minute shoppers still surfing the Net to buy gifts for their loved ones, Friday might just be the day to finalize those purchases.

In what's known as Free Shipping Day, over 1,700 online vendors are offering free shipping deals to consumers nationwide Friday and guaranteeing deliveries by Christmas Eve.  To view the full list of participating stores, visit FreeShippingDay.com.

On a related note, deadlines are approaching for shipping holiday packages.

To ensure delivery before Christmas, customers using FedEx's Ground and Home Delivery services must ship their items by Dec. 17.  Otherwise, they can use the company's 2Day service on the 22nd or ship with FedEx Overnight on the 23rd.

Those shipping via UPS will have until Dec. 21 to ship their packages with 3-Day Select or, like with FedEx's Overnight service, they can use Next Day Air on Dec. 23 to guarantee delivery by Christmas.

For shipments via the U.S. Postal Service, First Class Mail needs to be sent by Dec. 20, Priority Mail by Dec. 21, and Express Mail by Dec. 22.  The deadline for letters and packages to U.S. service members overseas is Dec. 18.

Copyright 2010 ABC News Radio







ABC News Radio