Word: strong
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...networks include exclusive ground service throughout Europe. In Asia, it has acquired regional carriers, opened an air hub in Shanghai and broken ground on another in Shenzhen, China. "FedEx and DHL have dominated Asia so far," says David Ross, an analyst for Stifel Nicolaus. "But FedEx isn't as strong in Europe, and DHL doesn't do the U.S. UPS doesn't have those gaps...
...Davis revealed a major restructuring that included 1,800 management and administrative layoffs. Two weeks later, on Feb. 8, he announced plans to furlough at least 300 of the company's 2,800 pilots. These cuts come on the heels of a 4% reduction in UPS's 408,000-strong global workforce...
...unionized, meaning salaries are higher. Over the years, however, this has engendered tremendous loyalty to the firm--the average tenure for drivers is 16 years. UPS will try to reward some of that loyalty by restoring raises to about 40,000 managers and unfreezing 401(k) matching. Citing strong free cash flow, it will also up its dividend. "We're not hiring yet, but we hope to be soon," Davis says. In other words, recovery is en route...
Harvard performed impressively all-around, dominating its three opponents in the epee, sabre, and foil competitions. Sophomore co-captain epee Noam Mills and freshman sabre Thomas Kolasa, on the women’s and men’s sides respectively, led the Crimson with strong individual efforts, each going a perfect 9-0 on the night...
...Though the U.S. didn't club the entire field on Wednesday, its team still sent a strong message to Europe, which has typically dominated Nordic combined: This sport is no longer yours. The day started out strongest for the Finns, who were counting on the event to increase their paltry medal tally. Finnish Olympic officials had set a goal of 12 medals for the country in Vancouver; to date, it has one. In the last three Olympics, the Finns won gold, silver and bronze in the Nordic combined team competition. "It's not big; it's phenomenal," says Pasi Uusivuori...