The former UPS Freight LTL carrier – which has been enough of a headache for its subsequent owner that its CEO felt the need to defend its acquisition in a recent earnings call – was not ...

The former UPS Freight LTL carrier – which has been enough of a headache for its subsequent owner that its CEO felt the need to defend its acquisition in a recent earnings call – was not properly ...

UPS Inc. has reached a $45 million settlement with the U.S. Securities and Exchange Commission over claims made by the agency that the parcel carrier improperly valued its freight business in its ...

UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday. The regulator agency said that UPS materially ...

UPS, Advance Auto Parts, Great Dane LLC and Ryder Transportation Solutions recently announced a total of 1,277 freight-related job cuts. Amazon, DHL, GXO, Kuehne+Nagel, Pepsico and True Value Co. are ...

(AP Photo/Richard Drew, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] UPS will pay $45 million to settle charges that it improperly valued its freight division, the ...

UPS failed to provide key information to the external consultant, such as the fact that the company’s internal analysis “had concluded a prospective buyer would expect Freight to generate ...

The commission accused UPS of failing to follow generally accepted accounting principles, or GAAP, and “materially misrepresenting its earnings” while valuing its freight business in ...

The SEC alleges UPS misrepresented its earnings because of improper valuation of its UPS Freight unit, which it agreed to sell in 2021. The SEC said it found UPS violated accounting and disclosure ...